Stability in an Unstable World: Insights from Skuld’s CEO Ståle Hansen
Skuld, a prominent marine insurer with over 126 years of experience, is facing new challenges driven by global health crises, geopolitical unrest, and a demand for industry transformation. CEO Ståle Hansen reflects on recent tumultuous events that have reshaped the marine insurance landscape, particularly highlighting the pandemic’s aftermath followed closely by the war in Ukraine. These circumstances have compelled Skuld to adapt swiftly, terminating long-term partnerships with Russian shipowners, while ensuring the safety of crews and the company’s purpose of “Protecting Ocean Industries.”
Hansen emphasizes the complex realities of repatriating crews and managing vessels trapped in conflict zones, underscoring the necessity of collaboration among multiple insurers and stakeholders. The swift action taken to resolve these issues demonstrates the firm’s deep commitment to its members and the trust foundational to Skuld’s operations. Trust, for Hansen, is not just a business necessity but aligns with the company’s values.
A highlight of Hansen’s remarks is on Skuld’s role as a mutual insurance association, where members actively participate in governance. This unique model fosters close relationships and mutual support, allowing the firm to tailor its services effectively to members’ evolving needs. Hansen notes that, contrary to typical responses to adversity, Skuld’s bonds with members have strengthened during recent challenges, as they’ve leaned on each other for support.
At the core of Skuld’s philosophy is the notion of partnership, which aligns with the theme of the upcoming Nor-Shipping 2023 event, #PartnerShip. Hansen stresses the collective effort required to address the complex issues that the shipping industry faces today, from global pandemics to sustainable development. The importance of collaboration extends beyond Skuld’s members to include other insurers, recognizing that the future of shipping transcends individual competition.
As the maritime industry shifts towards a zero-carbon future, Hansen identifies the critical role of marine insurers in facilitating this transition. Skuld’s participation in initiatives like the “Getting to Zero 2030 Coalition” and the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping underscores its commitment to environmental sustainability. Hansen believes in identifying opportunities within the challenges of decarbonization, highlighting potential benefits such as reduced pollution and lower insurance claims with the right technologies.
While technological advancement is crucial, Hansen also values the personal connections fostered through industry gatherings. The pandemic may have enabled more frequent digital interactions, but he recognizes the irreplaceable value of face-to-face meetings for relationship-building and collaboration. This perspective reinforces the significance of events like Nor-Shipping for networking and idea exchange.
Ultimately, Hansen maintains that, even amidst pressing challenges, the marine insurance industry must not lose sight of its enjoyable and social nature. Emphasizing the importance of fun in professional spaces, Hansen looks forward to engaging with industry peers in both serious discussions and celebratory settings at Nor-Shipping.
Through a commitment to collaboration, trust, and shared goals, Skuld aims to navigate the complexities of today’s maritime challenges while positioning itself for a sustainable future.
