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Increase in claims sends Skuld into the red in first half

Norway's Skuld books a USD 14.3 million deficit for the first half of fiscal year 2020/2021. The decline is largely attributable to an increase in claims in the international insurance pool and the coronavirus.

Ståle Hansen, CEO of Skuld. | Photo: Skuld

Norwegian insurance company Skuld dipped into the red in the first half-year of fiscal year 2020/2021. Here the company booked a USD 14.3 million deficit against a USD 2 million profit in the same period last year.

The deficit is particularly due to higher claims in the international pool, writes Skuld. According to the interim report, these claims affected the result negatively with a USD 37 million loss, while higher claims from the cruise industry also had an effect.

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