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Report on Marine Insurance Premium 1999 and 2000

Report on Marine Insurance Premium 1999 and 2000. Tore Forsmo The Central Union of Marine Underwriters Oslo, Norway Thanks also to Fédération Française des Sociétés d’Assurances (FFSA) – Direction des Assurances Transports (DMAT).

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Report on Marine Insurance Premium 1999 and 2000

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  1. Report on Marine Insurance Premium 1999 and 2000 Tore Forsmo The Central Union of Marine Underwriters Oslo, Norway Thanks also to Fédération Française des Sociétés d’Assurances (FFSA) – Direction des Assurances Transports (DMAT)

  2. Key IndicatorsWorld Seaborne Trade(2000 : estimates)

  3. Key IndicatorsWorld Tonnage on Order(as at 1 january 2000, in thousands of dwt)

  4. Key IndicatorsThe Most Important Maritime Countries(total dwt tonnage > 20 Mio)(in percentage of world total dwt tonnage, as at 1 january 2000)

  5. Key IndicatorsMaritime Engagement of 10 Major Trading Nations(as at the end of 1999)

  6. Report on marine insurance premiums 1999 and 2000 • By end of August 2001, 45 of 55 members reported their country’s marine premium figures for accounting year 1999 and 41 in addition for accounting year 2000. • Reported figures represent approx. 95% of the total marine premium written by all IUMI members for 1999 and approx. 93% for 2000 • Total premiums for 1999 is estimated to reach approx. USD 11.63 billion and for 2000 approx. USD 11.59 billion

  7. Global premiums reported 1999 and 2000

  8. Global Hull Transport/Cargo Marine Liability Offshore/Energy Total 2000 2.605 6.487 1.016 0.719 10.835 1999 2.770 6.805 0.763 0.611 11.045 1998 3.073 7.347 0.879 0.706 12.112 Index 98-99* 89% 92% 87% 89% 91% Index 99-00* 97% 96% 133% 119% 100% Report on marine insurance premiums(USD billions) Global premiums 1998-2000 (as rep. per end of August 2001) *Index based on figures from Associations who have reported in both years

  9. Report on marine insurance premiums - Breakdown by economic areas(USD million)

  10. Global Marine Premium 1992 - 2000(USD Million)

  11. Global Hull Premium - Major Markets 1992 - 2000(USD Million)

  12. Global Cargo Premium - Major Markets 1992 - 2000(USD Million)

  13. Ranking Average Annual Difference variation over 00-96 period 96-00 2000 1999 1998 1997 1996 2000 1996 Fiscal Bermuda 537,110 584,507 625,503 697,642 778,990 -241,880 -6.21% 1 1 Japan 103,048 122,224 114,511 122,047 123,428 -20,380 -3.30% 5 5 Luxembourg 271,508 286,455 299,947 322,618 334,863 -63,355 -3.78% 4 4 Norway 352,988 362,656 375,778 422,450 427,816 -74,828 -3.50% 3 3 Sweden 57,424 61,717 77,932 96,092 108,655 -51,231 -9.43% 6 6 UK 532,040 586,720 591,537 635,415 617,792 -85,752 -2.78% 2 2 US 30,004 29,221 24,822 30,427 34,618 -4,614 -2.67% 7 7 Total 1,884,122 2,033,500 2,110,030 2,326,691 2,426,162 -542,040 -4.47% MARINE MUTUAL MARKET SECTOR STATISTICSGross Calls (Premium) - Fiscal Domicile Per accounting year - USD 1000 Source: Standard & Poors Marine Mutual Report 2001

  14. Ranking Average Annual variation over Difference 00-96 2000 1999 1998 1997 1996 period 96-00 2000 1996 Operational Japan 103,048 122,224 114,511 122,047 123,428 -20,380 -3.30% 3 3 Norway 352,988 362,656 375,778 422,450 427,816 -74,828 -3.50% 2 2 Sweden 57,424 61,717 77,932 96,092 108,655 -51,231 -9.43% 4 4 UK 1,340,658 1,457,682 1,516,987 1,655,675 1,731,645 -390,987 -4.52% 1 1 US 30,004 29,221 24,822 30,427 34,618 -4,614 -2.67% 5 5 Total 1,884,122 2,033,500 2,110,030 2,326,691 2,426,162 -542,040 -4.47% MARINE MUTUAL MARKET SECTOR STATISTICSGross Calls (Premium) - Operational location Per accounting year - USD 1000 Source: Standard & Poors Marine Mutual Report 2001

  15. Report on marine insurance premiums - Accounting year 1999 (in USD 1000)

  16. Report on marine insurance premiums - Accounting year 1999 (in USD 1000)

  17. Report on marine insurance premiums - Accounting year 1999 (in USD 1000)

  18. Report on marine insurance premiums - Accounting year 2000 (in USD 1000)

  19. Report on marine insurance premiums - Accounting year 2000 (in USD 1000)

  20. Report on marine insurance premiums - Accounting year 2000 (in USD 1000)

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