Hellenic War Risks Association – Rates and Terms for the 2017 Policy Year

The Hellenic War Risks Association has released the Circular detailing Terms for 2017 policy year.

For your ease of reference, we have highlighted in yellow all changes/ amendments from previous policy year and have further included our comments, where applicable.

We trust that the below is of assistance as it provides a clear comparison between 2016 and 2017 policy years.

As you will note, a further reduction of 30% is granted for 2017 Policy Year, whereas the Invoices/ Payments procedure of Advance Contribution will now be smoother as premium is payable in one (1) installment this year due on 1/2/2017.