详情

原文传递 The impact of cyber crime and climate crisis on port insurance

题名：	The impact of cyber crime and climate crisis on port insurance
正文语种：	eng
作者：	EDWARD MCNAMARA
作者单位：	Armada Risk Partners
摘要：	One of the biggest challenges facing ports today is the sea change in insurance. War, cyber crime, extreme weather, and the hangover of COVID-19-induced supply chain chaos are conspiring to make insurers far more risk-averse. Ports and terminals, as a result, are at greater risk of being overcharged and underinsured. As a broker helping manage the relationship between the port and the insurer, our primary advice to port operators is to elevate insurance to the C-suite level. It is important to not simply extend the renewal agreement with an existing provider or base your renewal on cost. Given the risks involved, this is a job the CEO must now oversee - using their deep knowledge of the port operations and infrastructure to review the small print. The plain fact is that coverage is reducing while premiums are increasing. This is the new normal in port insurance we are now operating in. The change is seen in three letters that represent insurers' collective state of mind, a seemingly small alteration with huge impact: normal loss expectancy (NLE). However, NLE is slipping from the vocabulary of insurers and we, as brokers, are seeing policy quotes moving to the more expensive risk criteria of probable maximum loss or maximum foreseeable loss.
出版年：	2023
期刊名称：	Ports & harbors
卷：	68
期：	6
页码：	30-31