Marine insurers must stay ahead of the rapid developments currently taking place in global shipping now as never before, said Thomas Nordberg, Managing Director of The Swedish Club, yesterday.

As shipowners grapple with the many challenges facing the shipping industry, he explained that insurers must step up to the plate, fulfilling their role in supporting them and developing the insurance cover they will need to move forward and remain competitive.

Thomas Nordberg was speaking at Sweden’s Almedalen Week, the platform for Swedish organisations to interact with an audience of industry influencers, politicians, and stakeholders. As the voice of marine insurance in Sweden, The Swedish Club outlined the role of marine insurance in a changing global market and shared with the audience the technical, operational, and geopolitical challenges the industry faces today.

Nordberg was joined by Daniel Kilgren, Senior Underwriter, The Swedish Club and Lars Höglund, Managing Director, Furetank Rederi AB.

Following a discussion on some of the geopolitical issues facing the industry, Daniel Kilgren explored the options available for the shipowner to meet IMO’s 2050 target for CO₂ emissions. He was followed by Lars Höglund, providing the shipowner perspective, detailing their ambitions regarding reduced environmental impact and explaining the practical steps and new initiatives being taken by the company to meet the IMO targets.

This is the first year that The Swedish Club has supported Almedalen Week – a political summit with an informal atmosphere offering discussion, seminars and further education and training. It takes place in Visby, on the island of Gotland, every summer and attracted more than 45,000 visitors last year.

Photo: The Swedish Club