1. No category

Fact Sheet 2015
Hansteens gt. 2
P.O. Box 2550 Solli
NO-0202 Oslo, Norway
Phone:
+47 23 08 65 50
E-Mail:
[email protected]
Website:
www.cefor.no
The Nordic Association of Marine Insurers:
• Trade association for Nordic marine insurance companies
• 13 members in Nordic countries
• Cefor members insure the following risks: Hull and machinery (H&M),
protection and indemnity (P&I), cargo, offshore energy, war risk, legal defence
Cefor - Gross written premium 2014 - All lines
Total sum = 1,740.7 USD million
Cargo
26.8 / 1.5%
Offshore Energy
151.0 / 8.7%
Staff:
Helle Hammer
Managing Director
Viggo Kristensen
Legal Counsel
Astrid Seltmann
Analyst, Actuary
Hilde Spro
Executive Secretary
Hull
777.8 / 44.7%
P&I
785.0 / 45.1%
Cefor - Gross written premium 2014 - Offshore energy
Mission Statement:
To serve the interests of
our Nordic members by
promoting quality marine
insurance through:
Total sum hull = 146.1 USD million
HDI-Gerling
2.0 / 1.4%
Møretrygd
1.3 / 0.9%
If
2.2 / 1.5%
Codan
0.5 / 0.3%
The Swedish Club
9.1/ 6.2%
• comprehensive statistics,
• competence building,
• agreed all risks insurance
conditions,
• a common public voice.
Norwegian Hull Club
47.3 / 32.3%
Gard
83.8/ 57.3%
Cefor - Gross written premium 2014 - Hull
Total sum hull = 777.8 USD million
Gjensidige
27.3 / 3.6%
If
40.3 / 5.3%
Alandia
46.9 / 6.2%
Møretrygd
10.0 / 1.3%
Tromstrygd
4.7 / 0.6%
Cefor - Gross written premium 2014 - P&I
Total sum P&I = 784.6 USD million
Gard
253.6/ 33.6%
Swedish Club
106.0 / 13.5%
HDI-Gerling
53.0 / 7.0%
The Swedish Club
60.0 / 7.9%
Codan
61.0/ 8.1%
Norwegian Hull Club
198.1 / 26.2%
Norwegian
Hull Club
8.0 / 1.0%
other Cefor
members
7.0 / 0.9%
Gard
663.6/ 84.6%
Cefor share of World Fleet – H&M insurance (IMO-number vessels)*
Year of Build
Cefor share
2009-2014
2004-2008
1999-2003
1994-1998
1989-1993
1984-1988
<1984 or (blank)
World fleet
2009-2014
2004-2008
1999-2003
1994-1998
1989-1993
1984-1988
<1984 or (blank)
Total Cefor share
Total World fleet
1000-3999
4000-6999
7000-10000
>10000
Grand Total
10%
11%
17%
13%
9%
5%
2%
22%
21%
27%
12%
11%
5%
3%
21%
38%
31%
22%
8%
13%
2%
37%
45%
51%
41%
26%
20%
11%
3,465
2,595
1,455
1,622
1,878
2,091
6,893
8%
19,999
1,519
1,033
669
795
584
533
1,453
15%
6,586
897
1,047
346
350
266
166
502
23%
3,574
9,710
5,330
3,351
2,497
1,118
875
1,296
38%
24,177
28%
33%
38%
27%
15%
9%
4%
* “Cefor share” =
No. of vessels
partly or wholly
covered by Cefor
members in 2013/
2014, divided by
the no. of ships in
the World Fleet
with IMO-number
(World fleet as of
January 2015,
LLI “World Fleet
Update” ).
15,591
10,005
5,821
5,264
3,846
3,665
10,144 Sources: Cefor,
23% IUMI, IGP&I, Lloyds
List Intelligence
54,336
P&I Clubs International Group
Gross Calls 2013 (Premium) – Operational location
3%
The Cefor marine
insurance market in
the global context
7%
28%
62%
Calls 2013:
UK:
2.25
Nordic: 1.03
Japan:
0.26
US:
0.09
Total:
3.63 (USD billion)
UK
Nordic
Japan
US
Cefor maintains the Nordic Marine Insurance Statistics database (NoMIS)
Extensive Hull claims statistics are available here: http://www.cefor.no/Statistics/
The detailed 2014 Cefor NoMIS Reports
for ocean and coastal hull business

Claims trends by age group, size group,
vessel type, insured value layers.
Exposure curves & other key figures.
 Cefor Annual Report 2014:
NoMIS articles on
Ocean and coastal hull trends
and the Cefor hull portfolio
Check www.cefor.no for statistics and info on education and legal issues in the Cefor
marine insurance market, or the Nordic Marine Insurance Plan at www.nordicplan.org.
Legal disclaimer: Cefor provides the material contained in this Fact Sheet for general information purposes only. Cefor accepts no responsibility and shall not be liable for
any loss which may arise from reliance upon the information provided. This information is not intended for distribution to, or use by, any person or entity in any jurisdiction
or country where such distribution or use would be contrary to local law or regulation. With reference to Commission Regulation (EU) No 267/2010 of 24 March 2010 (EU
Block Exemption), it is further stressed that the statistical data presented in this publication is non-binding in its character.