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Underwriting commentary

Underwriting commentary

Compensation Culture We all sense, in our day to day lives, the growing compensation culture in society; the perception that those who feel wronged will, increasingly, seek financial compensation…

Claims commentary

Claims commentary

The graph shows the number of claims reported to ITIC in policy years 2004 - 2011. The ITIC policy year runs from 1st June and so the 2011 policy year covers the period from 1st June 2011 to 31st May…

Sales and marketing commentary

Oceanology 2012 ITIC exhibited at London’s ExCel Centre at Oceanology 2012, the “world’s premier meeting place for the marine science and ocean technology community”. The exhibition is every two…

Additional insurances available from ITIC

Please contact your insurance broker or your ITIC underwriter if you would like to receive a quotation for any of these products. More detailed information is available at www.ITIC-insure.com In…

Professional Indemnity Insurance with ITIC

ITIC is the world’s leading insurer of professionals who provide services to the transport industry, with over 80 years experience of consistently providing comprehensive cover at cost effective…

Meet the team

Alberto Comitardi - Account Executive - Alberto is the account executive responsible for Italy and handles claims worldwide. Alberto qualified as a lawyer in Italy in 2008 and his day-to-day…

Financial highlights

To view the information contained on the Financial Highlights from pages 2 - 3 of the Year Book please click here.

ITIC Facts and Figures at a Glance

2,100 MembersWorldwide insurance coverUS$ 51 million gross premiumUS$ 112 million free reservesUS$ 75 million continuity credits paid to Members over the last 18 years Annual premium from US$…

2014 Chairman’s Statement

Dear Members The good news to report on the last financial year of 2013/14 is that the improvement in both the level of claims and the investment return has continued from last year. The combined…

Underwriting Commentary

Stability The financial statements in this year’s publication show a 2% top line growth in the size of ITIC together with a rise in operating surplus of US$4.45m. In what are described, by many…