Maersk has joined a large number of companies and established its own insurance company to handle its own risk management. Doing so allows the company to cut its insurance costs by one third, saving 600 million kroner annually.

“We have a great balance, so we absorb a lot of risk on our own,” Lars Henneberg, the head of Maersk Insurance and risk management within Maersk Group, told Berlingske.

“We do not have to pay an additional premium to an external company.”

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