Covid-19 cases will affect Gard's business well into 2021

Since the Covid-19 pandemic erupted, Norwegian insurance company Gard has received 1,000 claims from complications related to infections aboard vessels. The annual results for 2020 were saved by the stock market and fewer major claims in the second half of the year, the CEO tells ShippingWatch.

Photo: Gard

Although the roll-out of Covid-19 vaccines is slowly gathering pace, Norwegian maritime insurance company Gard expects to see the claims load related to infections on ships continue for some time to come – at least the next six months.

At Gard, the department handling these cases has been busy with Covid-19-related cases from the past year, which has proven notably different than the years before, explains CEO Rolf Thore Roppestad.

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