Gard has launched a war risk service in response to rising geopolitical tensions, making it easier for clients to mitigate risks in a fast-changing environment.
Gard offers the new service through an agreement with the Norwegian Shipowners’ Mutual War Risks Insurance Association (DNK), a leading provider of intelligence, active loss prevention services and war risk covers. Bjørnar Andresen, Gard’s chief underwriting officer, said: “We live in uncertain times, and our clients rely on good intelligence and unfiltered threat assessments to make the very best decisions they can.”
He added: “From November 1, our lead clients on war will be able to benefit from a wide range of intelligence products delivered by DNK. They can also get tailored and exclusive intelligence reports upon request, as well as additional expertise and support in cases of crisis and war risk incidents. All vessels with Gard war lead will be monitored by DNK`s intelligence and operations centre and receive warnings when a vessel may be affected by an imminent security threat.”
The service supplements the recently launched Gard war risk portal, a digital underwriting tool providing automated breach detections and additional premium calculations to Gard’s lead clients.
