A major new Insurance product, which assists shipowners and Managers in protecting the health and wellbeing of their shipboard personnel, and so meet their forthcoming legal obligations under the recently ratified Maritime Labour Convention (MLC), has just been launched.
Seafarers deserve the same care and concern, the same rights to benefits, the same access to the best medical treatment, the same security expected and enjoyed by those who work ashore. This is the vision that has inspired the launch of Crewsure Marine, a composite insurance policy paid for by the Employer and which provides insurance personally to seafarers for medical care, personal accident, loss or delay of baggage, and includes the cost of repatriation in the case of abandonment as required under MLC.
Crewsure Insurances are underwritten by Globality Health and KA Köln.Assekuranz Agentur GmbH on behalf of Great Lakes Reinsurance (UK) PLC – all part of Munich Re, one of the world’s leading Insurance and Reinsurance Companies with over 47, 000 staff. Munich Re’s premium income for the year 2011 was around Euro 50 billion.
Crewsure’s Managing Director is Robert Johnston, a well-known figure in the maritime insurance world. He recently retired as Chairman of British Marine after spending 10 years as Managing Director, which followed the 25 years that he spent with the Steamship Mutual P&I Club.
Crewsure Marine is a ‘no fault’ insurance policy which provides a benefit to seafarers in the manner in which Employers provide insurance to shoreside employees as a standard contractual entitlement.
“I intend to see Crewsure working harmoniously with the maritime industry as we strive to deliver a composite insurance product complementary to P&I Insurance, which finally delivers the security and benefits that seafarers deserve. We recognise that it is critical to engage with unions, shipowners, ship managers, manning agents and the insurance industry, which we have been doing and we will continue to do. The development of the Crewsure product has been, and will remain evolutionary”, says Robert Johnston.