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No
matter how much due diligence we exercise, there are always
factors beyond our control, which are dangerous to the vessel,
the cargo and to the lives of the seafarers. We cannot avoid
these risks but we can protect ourselves against known risks
by managing them effectively.
Such
risks have traditionally been covered based on precedence
and track record and computing premiums is a tough actuarial
exercise based on perception, statistics and legal and commercial
considerations. Subjective judgment is called into play and
the estimation of risk can vary greatly depending on how the
case is presented.
We
understand that risk management is as much about prevention
as about the cure and we maintain close control over loss
ratios by analyzing and setting benchmark targets to reduce
your exposure in the first place.
Further, the combined fleet size and excellent safety track record of the group helps us in securing excellent premium rates for marine insurance covering all departments like H & M, P& I Risks, War Risks , F.D & D Cover and Claims & Recovery management.
But
for the risks to be managed, it is first important to understand
the risks. Moreover, a burden shared is a burden halved. We
can be the partner you could talk to about the risks you face
and we can help you manage your commercial, legal and financial
risk or offer a risk solution for the lifetime of a project,
including market prospects.
Let
us talk, while we walk together.
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