A series of mid-sized and large claims led to Skuld's first technical deficit in 16 years, writes the marine insurance company in an update about developments in its staggered fiscal year 2019/2020.
"Our technical result shows the clear need to bring premium levels into line with risk. Our long-term investment strategy remains conservative, which is proven to handle extreme volatility although our results will be affected in the short term," says CEO Ståle Hansen.
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