ARTICLE · 03 NOVEMBER 2026
New 2027 Nordic Marine Insurance Plan Published
The 2027 version of the Nordic Marine Insurance Plan introduces significant changes to dispute resolution, sanctions compliance, and war risk provisions. Key amendments include making NOMA Arbitration the default mechanism with English as the standard language, expanding termination rights related to sanctions exposure, and clarifying trading area classifications for war-affected zones.
The 2027 version of the Nordic Marine Insurance Plan shapes the future of marine insurance in the Nordics, with several key areas reinforced and amended to meet current industry demands.
The 2027 update to the Nordic Marine Insurance Plan was published on 1 October 2026.
Below are some key amendments worth noting:
- Dispute resolution: NOMA Arbitration is now the default dispute resolution mechanism under the Nordic Plan, with English as the default language of proceedings. Ordinary court proceedings will only apply if the parties explicitly agree. These amendments are expected to increase the use of NOMA arbitration. English being stipulated as the default language further underlines the clear intent of becoming a competitive choice also in international relationships. Together, these changes position NOMA arbitration as the natural choice for dispute resolution, whether the claims leader is international or Nordic.
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