The Marsh P&I Rating Engine provides an independent, fully modelled indication of a “fair” P&I premium for most types of P&I business. The modelling tool assesses realistic claims reserves and allocations to abatement costs. This enables Marsh Specialty brokers to challenge clubs’ pricing models and negotiate premiums harder for our clients.
This is an example of the Fair Rate Assessment Summary from the P&I Rating Engine. It provides a snapshot view of a P&I Club rate in comparison to the fair rate.
To arrange a meeting to find out how your P&I rate compares against Marsh’s P&I Rating Engine, please complete the form.