Yacht Insurance: How underwriters, brokers & buyers can find a safe and profitable harbour
20 May 2021
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
This is the fourth in a series of joint webinars between the Insurance Institute of London and Munich Re aimed at improving members understanding of developments in the marine and energy market in today’s insurance world.
This webinar will provide an overview of the underwriting loss that impacted the London Market (and by correlation the rest of the world) and the action needed to put profitability back into the niche. The session will cover:
The expansion of the number of vessels and associated risks which have impacted insurers
A real example of how soft pricing, increased exposure and CAT can impact any line business
A summary that increased pricing, shrinkage of capacity and change of risk appetite whilst painful for all parties is ultimately to the benefit of all
Gain an insight into
How a line of business can run into loss
How these losses can be remedied
Premium growth, without associated underwriting discipline is not the answer
Martin Zetter, Group Yacht Underwriting Manager, Munich Re Syndicate at Lloyd’s