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PARISMAT

The resources of the
French Marine Insurance Market

Parismat brings together all the actors of the French Marine Insurance Market with the aim of promoting their expertise around the world.

AFFICHE RENDEZ-VOUS PARISMAT 2019

PARISMAT
THE FRENCH MARINE, AV I ATION AND TRANSPORT INSURANCE MARKET

PARISMAT: A GLOBAL OVERVIEW
KEY FIGURES

2017 MARINE AND TRANSPORT PREMIUMS

Graphique 01 Primes EN 1210

FRENCH MARKET’S UNDERWRITING CAPACITY

CARGO

800 MILLION €

AVIATION

1 BILLION €

SPACE

200 MILLION €

HULL

400 MILLION €

TRANSPORTERS LIABILITY

250 MILLION €

ENERGY

300 MILLION €

PARISMAT: AN INTERNATIONAL APPROACH
A WORLDWIDE REACH

The French Marine and Transport Insurance Market: A worldwide leading actor.
Recognized expertise and insurance coverage in line with the highest international standards.
First class service and support network for Assureds around the globe.
Capacity to set up and manage international programs.

Map Point Rouge

PARISMAT: STRUCTURE AND ORGANIZATION
TRADITION, EXPERTISE, SECURITY

A LONG ESTABLISHED TRADITION

The French Marine and Transport Market has a rich historical heritage that dates back to the “Ordonnance of Colbert” in 1681.

A PIONEERING MARKET ADAPTING TO THE EVER-CHANGING NEEDS OF INSURED

The French Marine and Transport insurance market has inspired legislation in many countries and has adapted over the years, responding to clients’ expectations and continuing to provide innovating solutions.

A PROFESSIONAL ENVIRONMENT RICH IN SKILLS AND EXPERTISE

French insurance professionals have a recognized expertise and an in-depth knowledge of risks related to global trade and marine & aviation transport.
A wealth of insurance specialists: insurers, adjusters, lawyers and legal experts, technical advisors and loss prevention engineers.

Professionnels Detail En 1210

Organizations that strengthen and reinforce the professional knowledge of each actor: The French Association of Maritime Law, AMRAE, Armateurs de France, AUTF, CESAM, The Maritime Arbitral Chamber of Paris, The French Insurance Federation (COMAT), GAREX, The French Syndicate of Maritime Agents, UCAMAT, etc.
55 training programs leading to professions within the Marine and Transport insurance sector.

TOTALLY SECURE LEGAL AND FINANCIAL FRAME

The French Insurance Code includes a section dedicated to Marine, Aviation & Space and Transport Insurance, providing legal security and flexibility for the implementation of contracts of all types of transport risks including multimodal.
Insurance companies operating in France have obtained first class financial ratings and the guarantee of solvability which enables them to:
- Provide substantial underwriting capacity
- Guarantee the settlement of claims
Insurance companies are subject to Solvency II, European Directive, and further national provisions that protect the interests of Insureds.

PARISMAT: COMPREHENSIVE RISK COVER
ALL AND ANY HULL, CARGO AND LIABILITY COVER
FOR ALL TYPES OF TRANSPORT: AIR, SEA, LAND

HULL INSURANCE

OCEAN GOING VESSELS
INLAND CRAFTS
YACHTS, PLEASURE CRAFTS
FISHING VESSELS
PORT AND TERMINAL INSTALLATIONS
SHIP REPAIR AND SHIPBUILDING YARDS

CARGO AND PROFESSIONAL LIABILITY INSURANCE

ALL TYPES OF GOODS, CONTAINERS
RAW MATERIALS, COMMODITIES
PROJECT CARGO
FORWARDING AGENTS LIABILITY

ENERGY

DRILLING PLATFORMS AND RIGS
RENEWABLE MARINE ENERGY INSTALLATIONS

AVIATION & SPACE INSURANCE

AIRCRAFT HULL
AIRPORT CIVIL LIABILITY
AVIATION LIABILITY
AIR CARRIER LIABILITY
SATELLITE INSURANCE (LAUNCH AND LIFE IN ORBIT)

WAR AND POLITICAL RISKS INSURANCE

EXTENSIVE GUARANTEE COMBINING WAR AND POLITICAL RISKS FOR MARINE AND AVIATION HULL

PARISMAT:
IN PACE WITH PRESENT AND EMERGING RISKS
ANTICIPATION AND ANALYSIS OF RISKS AND TAILOR-MADE CONTRACTS

Global risk analysis of risks for made to measure contracts, tailored to meet specific requirements and including damage and liability cover (package insurances, multi-risk and associated covers).
Expertise in liability insurance for forwarding activities and sub-contractors.
Ability to set-up and manage international insurance programs.
Comprehensive protection for Hull and War / Political risks.
Structured and efficient co-insurance using the OPTIFLUX* system.

Optiflux EN

PARISMAT:
THE INSURED’S INTEREST AT HEART
ACCOMPANYING INSUREDS, MANAGING AND SETTLING CLAIMS

Law and case law protective of the interests of the Assured, mainly through “All Risk” covers (exclusion must be proved by the insurer).
In case of disagreements, recourse is possible through mediation tools or arbitration mechanisms of the parties’ choice, or through a commercial judge.
Support throughout the duration of the contract by the various partners: insurers, insurance intermediaries, technical experts etc.
Should a claim arise, a predominant place is given to claim management and monitoring, with the support of an international network of Average Agents and claim specialists. In the case of a major claim, underwriters and related insurance intermediaries will work hand in hand with the Insured to ensure that the correct and most effective solutions are implemented.
Limiting the need for external claims management outside the insurer and intermediary, reduces accordingly additional costs and delays in the settlement of the claim which is beneficial for the Insured.

PARISMAT PARTNERS

PARISMAT MEMBERS

INSURERS

BROKERS

AGENTS

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