GUIAN - AQUASECURE BLOG
Risk Management in aquaculture
What about covering offshore farms using Aquapods ?
As you perhaps know, Aquapod are new cage systems tested on the last months. The underwriters declare that they are today not really confident with this type of cages and are waiting for more experience before accepting to cover farms using those systems.
Risk management of mooring systems
The farming of fish in cage systems is subject to a variety of risks, including Equipment failure. It can arise during adverse environmental conditions, such as high wind velocities and heavy wave action caused during storm where cages are moored in groups by way of inter-connected mooring systems such as submerged grids. Consequently an understanding of the risks associated with mooring systems, and how best to manage those risks, is essential to successful farm management.
Any assessment of risk for a mooring system can be divided into two main parts:
1) Is the mooring system appropriate for the conditions expected at the site?
2) Is the mooring system regularly inspected and maintained to a sufficient standard to maintain its minimum design strength?
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One of our last client
Medora is an offshore farm located in Tunisia. They plan to have 600 tons of seabream and seabass in 2013.
Who are we ?
GUIAN S.A is a well known 3 generation marine insurance broker.
Since 2012 we propose tailor made aquaculture insurance solution through one of the most complete insurance policy done for covering aquaculture mortality.
We have around 100 fishfarms covered right now all over the world : hatcheries, offshore fosh farms, onshore and RAS systems also.
Thanks to our specilaist : cedric Audor, and to the confidence of the main reinsurers in the world, we are also able to provide aquaculture insurance solution at the start of the production, for offhore systems as for RAS systems.
What can be covered ?
AquaSecure insurance policy is done for covering mortality of the fish, on the fish farms.
The events covered are :
- All climatic events
- Diseases
- Algal blooms, jellyfish blooms
- Mechanical and electrical breakdown
- Desoxygentation, modification of the physicochemical parameters of the water
- Theft, vandalism,
- Pollution
All our covernotes are written on named perils to avoid any misunderstanding.
Fish transfer from the hatcheries to the cages can also be covered, as alived fish transportation or offshore equipment (cages, nets and moorings) for offshore fishfarms.
Our Team Leader
Cédric Audor
is the aquaculture specialist of our team. In charge of the aquaculture Department on our company, he is involved in the aquaculture trade for 25 years. He worked for a french insitute of research on aquaculture subject. He teached fishfarm in specialized school in France. He also created and managed a french speaking newspaper for fishfarmers : AquaFilia.
Cédric is visiting all the fishfarm we are studying and covering. He also handle all the claims.