Allocate 10% of the total new trade insurance portfolio to freight insurance
Cargo, Ship and Aircraft Insurance Trade Delays stated:
According to Monetary Financial News, Pergol Panahi, Director of Cargo, Ship and Aircraft Insurance of Tejarat Insurance, stated that the ship insurance loss ratio in this company is lower than the industry average. Basically, including the technical management of ships at the time of issuance of insurance policies.
According to the public relations of New Trade Insurance; “However, the increase in sanctions, along with the outbreak of coronary heart disease, has drastically reduced maritime traffic,” said Pergolpanahi. Imports have worked very well.
Referring to the obligation of the Ports and Maritime Organization to purchase liability insurance coverage by foreign ships entering the country, Panahi said: “Only a few limited companies have been able to obtain a license to issue this insurance policy, one of which is Tejarat-e-Noo Insurance Company.”
He pointed out the need for sufficient expertise and capable technical staff to assess, issue and pay damages in ship insurance, and stated that New Trade Insurance is very active in this field, noting that: handling damages or issuing various types of certificates for ships “to The slightest delay can have very detrimental consequences, which fortunately, the strong infrastructure of Tejarat-e-Novo Insurance Company has provided favorable conditions for the insured.
He called the company a strong link between the New Trade Insurance Company and international valuers in the field of ship insurance, stating that about 10% of the company’s total portfolio now belongs to cargo, ship and aircraft insurance. In the first six months of this year, the rank of a shipbuilding production premium was assigned to New Trade Insurance, which was 4.5 times the average of the insurance industry.
The Director of Cargo, Ship and Aircraft Insurance of New Trade Insurance also emphasized that the company covers up to 90% of each ship insurance policy and therefore has been able to manage the losses in this sector well.