Skuld abandons principle of “General Increase”
The Club has decided to abandon the principle of a “General Increase”, instead focusing on the performance of individual members’ records to decide on increases at renewal. They believe this approach is more in line with other sectors of the marine insurance industry, however they are keen to stress that this should not be taken as an indication that Skuld will not apply any increases at renewal, but rather that members will be rated individually.
2007 policy year is now closed.
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