Aquaculture Insurance & Risk Management Consultants

Aquaculture Insurance & Risk Management Consultants

The Company was founded in 1982 to provide services related to aquaculture, to Insurers and Reinsurers, Brokers, Loss Adjusters, Lawyers, and Non-governmental Organisations.

Aquaculture

Aquaculture is one of the fastest expanding food production sectors. The rivers, seas and oceans of the world have reached their maximum sustainable yield from fish hunting, so if the benefits of eating seafood are to reach all sectors of the world population, that can only happen through the controlled farming and husbandry of marine creatures and plants; i.e. through aquaculture

In limited number of respects, aquaculture is like agriculture; in others it is very different. When it comes to insuring aquaculture, brokers, insurance and reinsurance companies are calling on their agricultural and livestock departments to take on the handling of aquaculture. But, conducted in water as it is, and at a comparatively immature stage of its development, aquaculture demands very different risk assessment and management skills from the brokers and underwriters whose job now is to underwrite and risk manage it. Aquaculture also requires very specialised insurance terms and conditions, proposal forms, and of course, when claims occur, loss adjusting skills.