In the past the shipping industry operated on a set of well-established processes, the modern industry is without doubt one of the most complex and fast-changing sectors in the world.
To cope with this, clients need to be ready to handle whatever may be thrown at them. Even a relatively simple business will need to consider ways to protect its interests and assets around the world; incorporate multiple legal systems; rely on ever-increasing levels of automation and technology; and face aggressive competition across the board.
Marine insurance and risk management is crucial for any marine business, enabling you to protect the people and assets critical to your business success. Therefore having a partner that provides market-leading results is important, so you can be confident of dealing with any situation, however challenging. Marine insurance is at the heart of JLT and our company’s history.
WHAT WE DO
Your organisation needs to find the best insurance protection at the most competitive price available. We will help you achieve this by drawing on our experience of arranging marine insurance for a vast array of assets that face a range of risks. You will be able to utilise the full range of our trading relationships to secure a cost effective solution that delivers results.
We represent you and your interests through a process of engagement with all the world’s marine insurance markets. Our face-to-face approach means your business is articulated in a way that enables us to achieve the best results; securing the best price, product and terms for the cover you need.
We collaborate with you and your insurers to forge the kind of long lasting relationships that can deliver long-term value for your business. Our creative approach to finding solutions has helped find cover for all types of risk from tankers to power barges, shipyards to ports and terminals. We will leverage our position within the insurance markets across the world to secure the right solution for you, no matter how diverse and challenging the risk.
Most importantly, in the event of a loss you really need the most from your broker. With 24/7 access, our priority is to deliver full settlement as quickly as possible. From submission to payment, our average lead market settlement period is 10 days.
FAQs
WHY JLT
Our marine specialists use their knowledge and expertise to provide you with the advice and solutions which are vital to ensuring your success. Our key differentiators are:
24/7 access and support available to all our clients
Our service model is based around the needs of your business. We ensure any queries, questions or concerns are addressed speedily and efficiently
Developing in depth knowledge of your business needs and challenges allows us to build trusted and enduring client relationships
Our industry experts have experience in all aspects of risk, providing the advice and solutions that are vital in safeguarding your success
We work with you to ensure a tailored service package that meets the changing needs of your business
You benefit from a single point of contact – a dedicated account handler who has a complete understanding of all aspects of your coverage, supported by the largest single marine team in the world
Our focused approached has resulted in a client retention rate of over 94%.
Insurance Solution
Your organisation needs to find the best insurance protection at the most competitive price available. We will help you achieve this by drawing on our experience of arranging marine insurance for a vast array of assets that face a range of risks. You will be able to utilise the full range of our trading relationships to secure a cost effective solution that delivers results.
Our creative approach to finding solutions has helped find cover for all types of risk from tankers to power barges, shipyards to ports and terminals. We will leverage our position within the insurance markets across the world to secure the right solution for you, no matter how diverse and challenging the risk. Please find below an overview of our expertise:
Superyachts
We have been at the forefront of developing coverage for this class of business and have created various facilities for yachts with values exceeding USD 10 million. Our bespoke insurance packages cover risks including hull and machinery, war risks and protection and indemnity insurance.
We tailor our flexible policies to the individual needs of each of our clients.
Our service excellence model is aligned with the demands of owners which has attracted in excess of 150 superyachts to use JLT.
CLAIMS Management
Claims service is the ultimate test. You need claims support that allows your business to continue uninterrupted in the event of a loss. Our claims service includes:
Stress testing and adapting products to tailor truly bespoke solutions that accurately reflect your risk exposure
A dedicated team that offers a comprehensive review of your wording
Using our extensive database we benchmark the performance of individual insurers allowing you to make informed decisions about the markets with which you trade
Most importantly, in the event of a loss you really need the most from your broker. With 24/7 access, our priority is to deliver full settlement as quickly as possible. From submission to payment, our average lead market settlement period is ten days.