The Nordic Association of Marine Insurers (Cefor) has reported a reduction of claims costs and frequency in the first half of this year.
The fall in claims, which have been recorded by Cefor analyst and actuary Astrid Seltmann, follows a slowdown in seaborne trade due to the impact of the Covid-19 pandemic.
“The Covid-19 pandemic led to a reduction in vessel activity, especially for certain vessel types,” Cefor said.
