Originally posted by flykiller:
say you have a 48MCr ship, and you insure it for replacement. now assume an annual loss rate of 0.005 per year - that is, each year one in two hundred insured ships is lost. that means that if every insured ship pays 1/200 of the cost of their ship the insurance company will break even. 48MCr/200 = 240,000 Cr/year. double that so the company makes a profit - 480,000 Cr/year. that's 40,000 Cr/month. if the ship has an 80 dton cargo hold then that's about 313Cr/dton for insurance assuming a .8 capacity rate. depending on what's being shipped it's easily doable.