IUMI International Union of Marine Insurance Global Marine Insurance Update and IUMI focus for 2014/15 Ole Wikborg IUMI President

IUMI International Union of Marine Insurance Global Marine Premium 2012 by region + International Group of P&I Clubs: est USD 3,6 billion Total reported premium: USD 22,9 billion

IUMI International Union of Marine Insurance Global Marine Premium 2012 by line of business

IUMI International Union of Marine Insurance Cargo – Global Premium by region

IUMI International Union of Marine Insurance Cargo – Global Premium by market

IUMI International Union of Marine Insurance World Trade Export Volume & Trade Values

IUMI International Union of Marine Insurance Cargo Gross Ultimate Loss Ratio

IUMI International Union of Marine Insurance Cargo – observations  2012 premium growth reflects upswing in trade (volume and value)  «Sandy» had devastating effect on US cargo results  Natural catastrophes changes claim patterns  Many regions improved results in 2012  Claim costs are unlikely to decrease

IUMI International Union of Marine Insurance H&M – Global Premium by region

IUMI International Union of Marine Insurance H&M – Global Premium by markets

IUMI International Union of Marine Insurance H&M Premium vs Global Fleet

IUMI International Union of Marine Insurance H&M Gross Ultimate Loss Ratio

IUMI International Union of Marine Insurance

H&M - Observations  Overcapacity  Major claims, but  Overall and Total Loss claim frequency down  Average repair cost stable after peak in 2008

IUMI International Union of Marine Insurance Claims xs USD 30 million as % of total claim costs

IUMI International Union of Marine Insurance

Offshore Energy Premium by markets

IUMI International Union of Marine Insurance Offshore Energy Mobile units, Day rates, Oil price

IUMI International Union of Marine Insurance Offshore Energy

IUMI International Union of Marine Insurance Offshore Energy Observations  Volatile business  Long time lag between accident and claim settlement  Strong global growth outside of Gulf of Mexico  Reduced hurricane impact  No regular claim patterns  Impact of Arctic / deep-water drilling

IUMI International Union of Marine Insurance April 20, 2010

IUMI International Union of Marine Insurance Offshore Energy The 2012 policy year is still young

IUMI International Union of Marine Insurance IUMI focus 2014/15  IUMI 2015:  «More visible and more political»  IMO  EU  Marine Tranportation Business  Membership

IUMI International Union of Marine Insurance IUMI focus 2014/15  IMO  DSC – Container Ship Safety

IUMI International Union of Marine Insurance Container Ship Safety 06/06/2016 Speaker/ Conference Page 25 Misdeclaration of content of containers Declaration of weight Construction / strenght Fire fighting Salvage issues incl Ports of Refuge General Average cost and time

IUMI International Union of Marine Insurance IUMI focus 2014/15  IMO  MSC – Passenger & Cruise Ship Safety

IUMI International Union of Marine Insurance Passenger Vessel Safety 06/06/2016 Speaker/ Conference Page 27 Technical specifications Escape routes

IUMI International Union of Marine Insurance IUMI focus 2014/15  IMO  IMDG – Liquefaction of Cargo

IUMI International Union of Marine Insurance IUMI focus 2012

IUMI International Union of Marine Insurance IUMI focus 2014/15  IMO  Arctic Sailings

IUMI International Union of Marine Insurance Arctic Sailings Technical specifications Assistance Search and Rescue

IUMI International Union of Marine Insurance IUMI focus IUMI Salvage Forum  Monitors legal & regulatory developments  Communicates with ISU  Concentrates and preserves competence

IUMI International Union of Marine Insurance IUMI focus IUMI Political Forum  Monitors regulatory developments  Recommends action to the IUMI Executive Commitee and IUMI technical committees  «Current Issue List»

IUMI International Union of Marine Insurance IUMI focus  Action Recommended  Support Recommended  Monitor & Inform

IUMI International Union of Marine Insurance IUMI focus  Action Recommended  Container Ship Safety  Places of Refuge  General Average – YAR  Arctic Sailings  Cat Fines & Low Sulphur Fuels  International Trade in Services Agreement  Loss of Ship Records

IUMI International Union of Marine Insurance IUMI focus  Support Recommended  Passenger Ship Safety  Liquefaction

IUMI International Union of Marine Insurance IUMI focus  Monitor & Inform  Sanctions  Theft Prevention  Ballast Water Regulation  Rotterdam Rules  Increasing Cost of Claims  Mutual Recognition  Maritime Safety / Piracy

IUMI International Union of Marine Insurance IUMI Focus

IUMI International Union of Marine Insurance IUMI focus Information  IUMI Eye

IUMI International Union of Marine Insurance IUMI focus Information  IUMI Eye  Home Page

IUMI International Union of Marine Insurance IUMI focus Information  IUMI Eye  Home Page  Press releases, Position Papers

IUMI International Union of Marine Insurance IUMI focus going forward  4,000 years of supporting global trade  Competence  Flexibility  Sustainability  Recruitment