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TZID:Asia/Kolkata
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DTSTART:19700101T000000
TZOFFSETFROM:+0530
TZOFFSETTO:+0530
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UID:6a235c7a20f33@www.maritimeinstitute.sg
DTSTAMP:20260605T233210Z
DTSTART;TZID=Asia/Kolkata:20120308T160000
DTEND;TZID=Asia/Kolkata:20120308T160000
LOCATION:Lecture Theatre 19, North Spine Academic Complex, NTU
SUMMARY:Maritime Seminar Series @ NTU
DESCRIPTION:The cost of insuring the vessel and the vessels operations is an increasing cost for owners and charterers, and the purchase of marine insurance covers often reflects an underlying legal or contractual obligation. For the past 15 years in a row, H&M underwriters have according to figures from IUMI failed to make an overall profit in a very competitive market. The prices of insurance must increase, by as much as 20%, but how will increased prices and possibly more limited covers affect an already depressed shipping market? The marine insurance industry has  also been shaken by recent large losses, such as the recent accident with the passenger ferry Costa Concordia. The questions emerging are plentiful, amongst them whether or not insurers in the future will be able to or want to continue to provide covers for larger vessels and risks. The talk will give an overview of the present markets for marine insurance as well as the main challenges lying ahead.
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