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Solution

Protection and Indemnity (P&I)

Ship owners and operators look for responsive service and fair pricing when selecting their P&I providers.

Through our experienced team of specialists and our strong focus on data and analytics, we can help you navigate the P&I market. We broker P&I risks for clients across the whole International Group (IG) and fixed premium insurance marketplace.

13%

of total premium placed with ‘A’ rated P&I clubs handled in 2023

20+

years’ experience in the P&I market

What sets us apart?

The strength and depth of our highly experienced team and the personal service we provide our clients.

Our proprietary data and analytics tools provide ship owners and operators analysis and insight into the world of P&I insurance:

  • P&I rating engine: Provides an independent, fully modelled indication of a “fair” P&I premium for most types of P&I business that is arrived at by assessing realistic allocations to abatement and IG pool costs. This enables us to challenge club pricing models and empowers premium negotiations for our clients.
  • MarineSight P&I rate benchmarking: Allows you to compare yourself to the wider market.
  • Loss record and retention versus risk transfer analysis tools: Provide deeper insight into how you perform against the market and how different retention structures can affect your premiums.

Our thought leadership helps you stay ahead of risks and competitors. We regularly deliver analyses of critical issues facing ship owners and operators and circulate insights into the technical challenges of P&I insurance, including ongoing P&I club renewal updates.

Our highly experienced P&I specialists - including qualified lawyers and a former P&I club chair - work hand-in-hand with our marine claims advocacy team to assist you as required, especially with large, complex or contentious claims, including those falling into the “grey areas” of P&I coverage.

Protection & Indemnity clubs: market review 2022

What do P&I club members value most in their clubs? Are their priorities the same, similar, or different?

In Protection and Indemnity clubs: market review 2022, Marsh provides insight on how closely clubs and their members align. Marsh undertook a confidential survey, built around 12 key values common to all P&I clubs, ranging from cost, to service, to financial strength. We compared the rankings of the values’ relative importance given by clients and the clubs themselves.

The report also includes snapshots of the clubs based on key financial performance indicators.

Report

Protection & Indemnity market bulletin – October 2022

The P&I market bulletin offers insight into the roles of P&I club managers and their boards, their decision-making processes and factors taken into account when setting policy rates.