Nordic insurers saw hull premium income rise by almost $70m last year, according to the latest figures from the Nordic Association of Marine Insurers (Cefor).
In 2018, the 11 Cefor members providing hull cover earned premium income of more than $628m, up 12% compared with just over $560m in the previous year.
However, Cefor warned the increase is an indication of higher volumes of business and should not be mistaken for an upturn in rates.
