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The nordic association of marine insurers

The nordic association of marine insurers. Updated as per November 2015. Membership. Trade association for Nordic marine insurance companies Foreign marine insurance companies engaged in one of the Nordic countries

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The nordic association of marine insurers

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  1. The nordicassociationof marine insurers Updated as per November 2015

  2. Membership Trade association for • Nordic marine insurance companies • Foreign marine insurance companies engaged in one of the Nordic countries • Insurance companies that provide legal assistance to shipping/offshore companies • Management companies for such insurance companies

  3. The Nordic members of Cefor engage in: • Hull and machinery insurance (ocean & coastal) • Protection and indemnity (P&I insurance) • Cargo insurance • Loss of hire insurance • Legal defence • War risks insurance • Offshore energy insurance • Builders’ risks insurance

  4. Share of world fleet – H&M

  5. Market share p&i P&I Clubs International GroupGross Calls 2013 (Premium) – Operational location

  6. Www.Cefor.no

  7. The Cefor mission • To serve the interests of our Nordic members by promoting quality marine insurance, through • comprehensive statistics, • competence building, • agreed all risks conditions, and • a common public voice.

  8. The association shall endeavor to: • Make available to its members appropriate statistics from the NoMIS database to support the activities of the individual members and the general objectives of the Association. • Contribute to the provision of educational programmes, securing adequate competence development and expertise among its members. • Facilitate continuous evolution of competitive Nordic marine insurance conditions in collaboration with customers, brokers, legal experts, trade associations and other relevant parties. • Influence the industry’s framework conditions.

  9. Nordic Marine Insurance Statistics (NoMIS) • Ocean & Coastal hull claims • 1985 – 2014 • 339,000 vessel years • 81,000 claims Distribution by type of vessel, 2014

  10. Framework conditions Overall objective; - to promote legislation and industrial policies that are conducive to a sustainable and prosperous Nordic marine insurance market.

  11. Education • Nordic Marine Insurance Education Programme – Intermediate level • Nordic Marine Insurance Plan Training Courses • Seminars • (Webinars)

  12. Insurance conditions • Comprehensive all risks conditions • Agreed document with five signatory parties • Version 2016 agreedOctober 2015 • Comprehensive Commentary • www.nordicplan.org • Appversionavailable

  13. Type of insurance conditions in the NOmisocean hull portfolio 2014

  14. More information: www.cefor.no

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