2014 Annual seminar The Nordic Association of Marine Insurers

Cefor Board of Directors as per 3 April 2014 Members: Svein Ringbakken, DNK, Chair Leif Nordlund, Alandia Insurance, Vice Chair Arne Gangdal, Gjensidige Christen Guddal, Gard Tord Nilsson, The Swedish Club Hans Christian Seim, NHC Rickard Svensson, If Anne Systad, Codan Personal Deputies: Göran Skuncke Jan Limnell Petter Bøhler Jan-Hugo Marthinsen Lars Rhodin Jan Limnell Jonny Gangstad Scott Ørmen The Nordic Association of Marine Insurers

2012: The year of the titans The Nordic Association of Marine Insurers

Frequency all-time low The Nordic Association of Marine Insurers Claims frequency by size of claims

Costly exceptions the new normal? The Nordic Association of Marine Insurers Claims per vessel by size of claims (USD)

Pricing challenge The Nordic Association of Marine Insurers Ultimate partial and total claim cost per vessel

Median values stable The Nordic Association of Marine Insurers Median claim cost (USD), claims in excess of a certain amount

From 2010 improved reporting by coastal marine clubs => increase in number of minor fishing vessels Coastal portfolio

Higher insured values = more volatile claim cost Partial claim cost per vessel by sum insured layer, incl IBNR

Program Shipping market outlook Nicolai Hansteen, Senior Shipping Analyst, Pareto Securities Marine insurance market outlook Rolf Thore Roppestad, Chief Executive Officer, Gard Sanctions due diligence Prof. Dr. Dieter Schwampe, Dabelstein & Passehl Light Well Intervention vessels - How they operate - Insurance; drawing the line between marine & energy Håvard Ulstein, Managing Director, Island Offshore Georg Nygaard, Senior Underwriter Offshore Energy, Norwegian Hull Club The Nordic Association of Marine Insurers