EXAMPLE PAGE - ANNUAL REPORT - THE SWEDISH CLUB - Flipbook - Sida 20
MANAGING DIRECTOR'S REPORT
Active Loss Prevention
The Swedish Club continued its outreach
programme with a series of loss
prevention webinars in 2021, which at its
peak hosted 2,000 visitors to an event
held jointly with DNV. “We continued to
work flexibly and digitally, and we foresee
a blended approach to loss prevention as
we move forward,” says Rhodin.
The future
Looking ahead, The Swedish Club will
continue to concentrate on risk and
service. “We will be out in the market and
supporting our members – that is the
whole purpose of the Club,” says Rhodin.
“In 2022 we99%
celebrate our 150th
anniversary. We are proud of our record,
our experience, our history and our
knowledge – but the most important
thing is to have the trust of our members
in order to continue.
“Our Trade Enabling Loss Prevention
(TELP) system goes from strength to
strength, with valuable feedback and
information from correspondents,
business partners and members,
increased uptake of the advice provided,
and new features being added and
planned.
“We launched our online training
platform during 2021 and delivered
our popular Marine Insurance Course
digitally.”
“The severity of claims when
there is a major casualty is so
much higher now than it was
in the past, driven by this
social inflation.”
Loss prevention is a continuous
process, he emphasised. “In this
respect, one cannot isolate certain
casualties or accidents from a
challenging year. It would be
reasonable to expect 10-15 P&I claims
in excess of USD 500,000 a year – and
we had 26 such claims in one year.”
The International Group
The International Group has,
meanwhile, pursued a strong
sustainability agenda. “The ongoing
work to minimise environmental
impact in the shipping industry
20
The Swedish Club: Fleet vs World Fleet 2012-2022
180
TSC GT
World* GT
TSC vessels
World vessels
170
160
Index 2012 = 100
Because of the very high number of
pool claims and calls on the
International Group’s reinsurance, the
Group started very early to prepare for
the renewal in 2022, says Rhodin. In
particular, he notes, there is less
appetite in the market to cover
malicious cyber attacks, COVID-19
and pandemics in general. “The
International Group managed to put
together renewed cover for all risks,
but the overall price for reinsurance
increased by 33%. Shortfalls in the
cover for cyber and pandemic were
put in the captive Hydra."
In 2022, The Swedish Club will expand its
footprint again with the opening of an
office in Singapore. The development of
TELP and many other loss prevention
initiatives will continue. There is reason to
be hopeful about meeting in person once
again as the pandemic restrictions are
eased around the world – particularly in
this special anniversary year for The
Swedish Club.
includes preventing and mitigating such
an impact if there is a casualty,” says
Rhodin. “P&I is about prevention – but
when the worst happens, it is all about
focusing on lives and the environment.”
150
140
130
120
110
100
2012
2013
* Vessels above 300GT
THE SWEDISH CLUB ANNUAL REPORT 2021
2020
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2015
2016
2017
2018
2019
2020
2021
2022
Source World fleet figures: ISL Shipping Statistics and Market Review 2021. vol 65 - No.1/2