Skuld increases its insurance prices with minimum 10 percent

Just as warned, Skuld cranks up its insurance premiums for next policy year as the insurer's mutual portfolio is at an incredibly low level, the insurer says.

Photo: PR-FOTO

Oslo-based marine insurer Skuld warned that insurance prices would rise for the next year and, unsurprisingly, they did.

Now, the insurer reveals that the price of insurance will increase by a minimum of 10 percent for the next policy year.

Although Skuld has long abandoned a policy of general increase, Skuld sees the need to make a market rate adjustment of 10 percent in mutual P&I rates, for the policy year 2022/23.

Ståle Hansen, CEO, Skuld

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