Our Services

Five Oceans sets out to provide realistic and sensible premium figures for any ship dependent on the perceived risk exposure to Maritime P&I risks. In so doing, Five Oceans will be offering tailormade and reliable underwriting due to the Group's extensive market knowledge, P&I experience combined with their state-of-the-art application software and technology infrastructure.

 

With our underwriting experience, Five Oceans is the perfect fit for any of your Maritime Insurance needs.

Keeping a ship seaworthy is key for all marine operations. Having reliable and safe vessels ensures you can meet your goals.

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·     Ship’s standards and risk reviews.

This ensures that the Club continues to underwrite ships and Members of appropriate quality and at the appropriate rating.

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·     Operations and claims handling support where required and in the event of an incident, to provide expert loss prevention assistance including the gathering of evidence and provision of technical opinion and other guidance to the Members of the Club and the Club’s claims Group.

Five Oceans is well aware that claims handling is the shop window front for any insurer, whatever the risk. Accordingly our experts understand the importance of personalised services. Our claims handlers have extended and excellent London Marine Solicitor experience in addition to competency at handling FD&D claims, the Maritime Legal Expenses cover which is ordinarily available to shipowners.

 

Further, Five Oceans lends support with respect to more complicated claims incidents through their wealth of experience in maritime claims issues.

 

Thus Five Oceans is happy to confirm that it intends to keep such an important aspect of the business as an internal service as oppose to outsourcing the service and remains firmly committed to maintaining the highest quality of its claims handling personnel.

By effectively managing safety and quality, shipowners and managers can protect crew from injury, prevent costly damage, prevent repair work stoppage, and even lower the risk profile for their ships, all the while following international regulations.

 

Another Five Oceans management's fundamental practice is to identify risk triggers, providing guidance in respect of loss prevention, raising safety standards awareness and promoting a culture of safety and loss prevention amongst the Membership and the wider shipping industry.