Cefor’s annual report highlights that 2016 was an exceptionally benign year for Nordic underwriters, with an absence of major claims and total losses.
But a challenging soft market meant there was a continued drop in insured values and premium.
There was not a single claim above $30m — for the first time in a decade. There was also a record low in the number of claims running to more than $5m, reports Cefor managing director Helle Hammer.
