Protection & Indemnity (P&I) Review 2019

We are pleased to launch our Protection & Indemnity (P&I) Review 2019 providing a succinct overview of each club including information on their recent performance, their client offering and what challenges lie ahead. In addition, we examine the key issues facing the P&I market from how the International Group handles fines for exceeding sulphur caps to the limit on cover for passenger liability. We focus on the case of having fewer P&I clubs which are better capitalized.

With our P&I Review 2019, you can see how different the P&I clubs are; while some are flourishing, others find themselves in choppier waters. Some are investing in new technology, developing online digital platforms to provide members with a variety of data relating to ports and areas where their ships may be trading. Clubs without plans to develop these tools may be left behind.

The report covers:

• Our views on the impact of having fewer P&I clubs and the restructuring of the club's capitalization/solvency and reserving.
• Individual profiles of each club with our views on their strengths and weaknesses.
• A comparative analysis of the clubs by key performance indicators.
• Impact of autonomous ships on P&I rates and cover.