Wednesday , December 1 2021

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DNV GL’s shared roots stretch back to 1864, when Det Norske Veritas (DNV) was founded as a membership organisation in Oslo. Norway’s mutual marine insurance clubs banded together to establish a uniform set of rules and procedures, used in assessing the risk of underwriting individual vessels. The group aimed to provide “reliable and uniform classification and taxation of Norwegian ships”.At the time, the Norwegian shipping industry was experiencing rapid growth and breaking out of its traditional local boundaries. An emerging, nationwide market for marine insurance was needed. Three years later in Germany, a group of 600 ship owners, shipbuilders and insurers gathered in the great hall of the Hamburg Stock Exchange. It was the founding convention of Germanischer Lloyd (GL), a new non-profit association based in Hamburg.

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