Prudence and Fairness
Al-Bahriah respects the fundamentals of marine insurance. The first concern is that insurance risks must
always be fully recognized. Al-Bahriah carefully assesses the individual level of premium that is to be paid
for each risk exposure and seeks to treat all Shipowners fairly based upon a clear understanding of
commercial realities. Coupled with effective claims handling, prudent as well as fair underwriting is an
essential element contributing to Al-Bahriah’s financial strength.
The risk selection process includes a risk based selection of vessels subject to condition surveys for new
entered ships as well as follow-up maintenance surveys for existing ships.
Al-Bahriah takes steps to ensure that new entered customers and tonnage have a stable and positive risk
profile which operate at standards matching Al-Bahriah’s overall risk profile and quality requirements.
Careful risk selection combined with adequate pricing of risks are the most important underwriting criteria
to ensure the financial well being of Al-Bahriah over the years.
Selection and Pricing
Al-Bahriah believes that its long term financial stability depends on maintaining an adequate spread of
risks and a diversity of vessel type, trading area and conditional risk exposure. Unpredictability of large
claims is absorbed by reinsurance programs provided by long term reinsurance arrangements with first
Stability and Competition
" First things First... Underwriting First "
AL-BAHRIAH INSURANCE & REINSURANCE S.A.L.
|© Al-Bahriah Insurance & Reinsurance S.A.L. - Email: firstname.lastname@example.org - Phone: +961 1 336633 - Fax: +961 1 612311
Address: 770, Al-Bahriah House, Hotel Dieu Avenue, Beirut - Lebanon
البحــــــريـــــــة للضمـــــــان واعـــــــادة الضمــــــــان ش.م.ل