Why IYC Insurance
IYC is a leading Yacht Company. Our insight, experience and relationships enable us to provide the best level of support through our know-how of the yachting industry. Our ability to understand our client’s needs allows us to provide custom solutions and to ensure our client’s are well protected. IYC believes in offering our clients with solutions for every requirement surrounding the ownership of a yacht.
Insight into yachting
IYC is an international yachting company, and one of the largest worldwide. We operate in all yachting disciplines including, Sales & Purchase, Chartering, Yacht Management, New Construction, Charter Management, Crew Placement, Yacht Agency Services, and Insurance & Claims Management.
A Global Company
With our strong geographical footprint we have the resources and systems in place to provide our clients with support on a global scale.
IYC is expanding its presence worldwide, with currently 13 offices in 9 different countries.
Experience
Over the course of the past 10 years, IYC has provided expert advice on risk management and loss mitigation to over 600 yachts worldwide. We have handled over 3,000 successful claims, ranging from simple loss of tenders to complex total losses, and our insured assets sum up to €1.06 Billion in value.
Relationships & Reputation
IYC has established relations with the world’s leading insurers and first class International Underwriters with whom we have been collaborating for 25 years. Our experience in yachting is the foundation to our success. We have received excellent feedback and recognition offering our leading insurers with significant insight into the IYC Yachts. Our insurers understand the depth in our involvement in ensuring our client’s are taking the precautions necessary to maintain their yachts and keep an attractive insurability outlook.
Inter-office Expertise
Yacht Insurance requires insight into a multiple areas that make up the insurability of a yacht, the “risk”. Our multiple departments and inter-office expertise enable us to properly assess a yacht’s exposure. One must understand how a yacht is used, what regulations are in place, crew composition, the sales process and exhibitions as well as charter process and contracts. Our company works together to ensure we are up to date with any changes and evolvements that surround our yachts and our clients. Our vessels are all reviewed in its entirety by our team of experts as a proactive approach to ensure our clients protection.
Compliance & Regulation
Through our in-house team of experts we are always aligned with Flag State and Coast Guard authorities to ensure that a vessel’s documentation is up to date and in compliance with the latest laws and regulations.
Available to Consult 24/7
We are available at all times to consult our clients on daily matters and ready to fully manage the claim process from the moment an incident occurs until the final settlement.