The Nordic Association of Marine Insurers

2013 Annual seminar

The Nordic Association of Marine Insurers

Cefor Board of Directors as per 21 March 2013

Members:

Svein Ringbakken, DNK, ChairLeif Nordlund, Alandia Insurance,

Vice Chair Arne Gangdal, GjensidigeJan-Hugo Marthinsen, GardTord Nilsson, The Swedish ClubHans Christian Seim, NHCRickard Svensson, IfAnne Systad, Codan

Personal Deputies:

Göran SkunckeJan LimnellPetter BøhlerRolf Thore

RoppestadLars RhodinJan LimnellJonny GangstadScott Ørmen

The Nordic Association of Marine Insurers

2011: Calm before the storm...?

The Nordic Association of Marine Insurers

2011: Absence of major claims...

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

0

20,000

40,000

60,000

80,000

100,000

120,000

Claim per vessel (USD), by date of loss

> 50 MUSD30-50 MUSD10-30 MUSD5-10 MUSD1-5 MUSD<= 1 MUSDIBNR

Date of loss

The Nordic Association of Marine Insurers

2012: ....we got six > USD 30 million

USD Claim per vessel, by date of loss

The Nordic Association of Marine Insurers

The year of the titans

The Nordic Association of Marine Insurers

Claim in excess of USD 30 million as % of total claim cost

The Nordic Association of Marine Insurers

Frequency stable

Claim frequency, by date of loss

The Nordic Association of Marine Insurers

More good news – Coastal Portfolio

Average individual costal hull claim in USD by date of loss

The Nordic Association of Marine Insurers

Program

• Shipping market outlookJonas Kraft, Financial Analyst, Pareto Securities

• Managing the risk of Arctic Exploration Rune Torhaug, Managing Director, DNV Research & Innovation

• Maritime opportunities in the ArcticSturla Henriksen, Director General,Norwegian Shipowners’ Association

• Arctic - Check list for Arctic sailings- Project SARiNORStein Are Hansen, Assistant director – Client Services, NHC& member of Cefor WP for Arctic sailings