Protection and Indemnity (P&I) Rating Engine
The Marsh JLT Specialty Rating Engine, a proprietary P&I premium modelling tool, provides a forensic analysis of P&I club underwriting costs and claims reserving, enabling us to restate our clients’ P&I loss records through an objective methodology, while calculating fair rates for our clients’ P&I entries.
Our Rating Engine:
- Is a unique P&I premium modelling tool that has been built using insurance industry standard actuarial and analytical techniques.
- Provides a reliable independent analysis of all components of a P&I premium.
- Is customisable according to individual P&I club rating structures.
- Enables true comparisons between the premiums charged by different P&I clubs.
- Provides a technically sound challenge to P&I club pricing.
- Empowers negotiations.