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Batten down the hatches

Marine underwriters have a lot to consider following their annual conference last month, including a shortage of experienced crews, despite a rapidly expanding world fleet. Eric Alexander reports back from Copenhagen on the many challenges the sector must negotiate if it is to stay on course

By now the 500 or so marine underwriters who attended last month's International Union of Marine Insurance conference in Copenhagen will have digested the key messages that came out of its three days

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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