Aquaculture insurance Your warranty to bounce in case of claims - - PowerPoint PPT Presentation

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Dec 03, 2023 294 likes •505 views

YOUR LOGO Aquaculture insurance Your warranty to bounce in case of claims Cdric Audor GUIAN S.A www.insuranceaquaculture.com Plan of this presentation Who are we ? Insurance as a guarantee of the continuation of your business?

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Aquaculture insurance Your warranty to bounce in case of claims

Cédric Audor – GUIAN S.A – www.insuranceaquaculture.com

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Plan of this presentation

Who are we ?
Insurance as a guarantee of

the continuation of your business?

Concrete exemple of loss :

what happens with or without insurance ?

Be carreful about your policy

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Who are we ?

GUIAN S.A is a marine insurance broker highly specialized in fishing

vessels and transport insurance.

Today 49 persons are working in our Group.
For 4 years, we are working on fish crops insurance with only one issue :

to give to our clients the best coverage they need and the most appropriated to their business by creating tailor made coverage. We are working worldwide using our own aquaculture policy :

AquaSecure

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Insurance as a guarantee to the continuation

f your business?

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Crops aquaculture insurance – the coverage Storm / Flood / Lightning / Tsunami / Climatic events Disease / Parasitic infections Predation / collision Algal blooms / Desoxygenation / High temperatures Frozen / Ice damage

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Malicious acts / Theft / Vandalism / Error of the team Mechanical / Electrical breakdown Alteration of physicochemical parameters of the water etc...

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What happens in case of claim

Without insurance are you able to restart your business ? Without insurance are you able to convince a bank to help you in refinancing your stock ?

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Why using a livestock aquaculture insurance ?

Insurance absorbs all negative

pics of the financial accounts, and allows you to keep your farm

The insurance allows you to

secure your corporate social responsibility

The result of an important claim

can be the end of the activity.

Results

The staff is maintained The activity is perpetuated

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Exemple of a loss

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Evaluation of the risks

Experience of the staff Claim history Geographic situation

f the farm

Mooring systems, monitoring system for water quality & stock control management

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How it works : use a real example

A seabream and seabass offshore farm

Classic insurance policy on the AquaSecure wording
The farm is covered for all the case of claims.
The average premium is around 3,5 % of the value at risk on the farm
The deductible is a classic one fixed at 15 % of the value at risk

Stock insurance policy

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The Claim

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Event - STORM

grid system / group of cages seriously hurt

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The Claim

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The Claim

Value lost on the claim : 830 000 €
Value at risk at the time of loss : 3 200 000 €
Deductible at the time of loss : 420 000 €
Compensation 410 000 € with an aquaculture insurance
With no insurance and 26 % of value lost what happen ?

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What happens in case of claim

Without insurance are you able to restart your business ? Without insurance are you able to convince a bank to help you in refinancing your stock ?

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Be carreful about your policy !

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Be carreful

Choose only a specific aquaculture policy

And if possible work with a broker specialised in this type of risk for having a

tailor made coverage adapted to your farm Choose a policy on strictly agreed value

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Thanks for your attention !

Cédric Audor – GUIAN S.A – www.insuranceaquaculture.com e-mail : caudor@guian.eu