Marine insurance

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Protect your risks for loss or damage to goods in transit, or in intermediate storage in conjunction with an insured transit.

  • A designated client team

    Ins​urance, risk management and claims specialists.

  • Insurance service online

    Onl​ine service wherever and whenever you need it.

  • Solid and financially strong

    Your ​risks are carried by a solid and financially strong company.

​Marine and Cargo Insurances

In the marine area If Industrial concentrates on products protecting our client's risks for loss or damage to goods in transit, or in intermediate storage in conjunction with an insured transit.

Consequential losses due to a cargo loss can be covered by our Marine Consequential Loss insurance. In addition we provide insurance for Freight Forwarders covering the freight forwarder's legal contractual liability to their principal.

High Risk Areas

Cargo insurance in high risk areas

If P&C's Marine cargo insurance as well as war and strikes insurance is in most cases automatically in force world wide. There is no obligation to declare, nor is any additional premium charged for these transports.

However, in certain high risk areas the insurance cover is in force only when agreed upon in advance with If P&C Insurance Company. Possible additional premium for insurance cover in these areas is decided on a case by case basis.

Changes to risk scores methodology

Please note that the former band Severe (3.2 – 10.0) has now been broken down into three new categories: Very high (3.2 – 4.3); Severe (4.4 – 6.4) and Extreme (6.6 – 10.0). This change took place in 5th October 2015. Please see the newsletter (pdf 127 kb) by IHS TM Country Risk for further information.

These high risk areas are listed below.

Updated September 13th, 2017

Location ​Risk
Afganistan Severe (4.6)
Brazil (BR-116 Highway Curitaba- Sao Paulo;
SP-330 Highway Uberaba-Santos port; BR-116
Highway Rio de Janeiro-Sao Paulo, BR 050 Highway

Central African Republic​
Very High (3.7)

Very High (4.0)​
Iraq Very High (3.7)
Lebanon Very High (3.6)
Libya Severe (5.3)
Mali Very High (3.6)

Mexico (Estado de México-Puebla-Veracruz highway;
Estado de México-Querétaro highway, highways in
Tamaulipas, Michoacán and Guerrero states) ​

Very High (3.7)

Very High (3.3)
Somalia Very High (4.0)
South Sudan Very High (4.0)
Severe (5.0)
Very High (3.5)
Yemen Severe (5.5)

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High risk area list

This list is based on the recommendations of the intelligence company Exclusive Analysis in London.


The Incoterms rules or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactions or procurement processes.​​​​​​​

Delivery terms Incoterms 2010

In modern transport systems goods are not always inspected at points where the risk is transferred according to Incoterms 2010. To avoid dispute in cases where loss or damage has incurred along the transport chain, it is advisable to agree to terms and delivery where one party bears the risk for the goods during the entire transport.​

When making an agreement based on Incoterms, it is advisable to state the terms of delivery agreed in the contract of sale and commercial invoices e.g. "FOB Gothenburg, Incoterms 2010". This prevents problems with interpretation which may arise in countries that have their own definitions of delivery terms. If recommends the use of Incoterms for international shipments and strongly advises against forming own delivery terms.

Incoterms brochures can be obtained from your local offices in different languages.​​​


In case of marine or cargo loss

Fire, theft, breakage, piracy, jettison, washing overboard and contribution to General Average are only a few of the major threats to your cargo.

We in If will provide with the best claims handling service available in the insurance market. Let our international team of claims adjusters and Maritime Lawyer handle your claims so that you can concentrate on your core business.

For practical information, the list of average agents, and claims forms please visit the Marine/Cargo claims pages​.​

Marine insurance products and services