Our experienced and dedicated underwriting team provides tailored insurance solutions through brokers, ensuring a comprehensive and risk-focused approach. Before determining the appropriate insurance coverage for a vessel, a completed and signed information sheet must be provided by the applicant. Following this, a thorough risk evaluation is conducted to identify adequate coverage for the vessel, after which the risk selection process is carried out to determine an efficient premium that aligns with the identified risks.
As part of the risk acceptance process, we ensure a risk selection survey is conducted by approved and qualified surveyors. For new clients who have not been insured with us before, the underwriter evaluates the risk by considering various factors such as the business operation, trading environment, claims history, and potential risk exposure. Where applicable, the claims performance is reviewed over at least the current and five previous years. This same meticulous process is applied when considering the renewal terms for existing clients.
In addition to the vessel's condition, our underwriters place significant importance on understanding the business operations and trading environment of our clients. By maintaining frequent communication, we gain a deep understanding of each client’s needs and operations. Our underwriting team is committed to providing prompt service for essential matters, such as certifications and related insurance issues. Access to a wide range of specialized insurance and reinsurance programs enables us to deliver customized coverage to suit the unique requirements of each client.
The core of our underwriting process lies in building strong, lasting relationships with our clients. Our mission is to continuously support and enhance the quality of our clients' businesses by improving their risk portfolio and management standards.
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