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P&I Clubs in 2022 - An Even More Challenging Year

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<title>P&I Clubs in 2022 - An Even More Challenging Year</title>
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<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080441371">
<namePart>A.M. Best Company</namePart>
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<placeTerm type="code" authority="marccountry">usa</placeTerm>
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<issuance>monographic</issuance>
<place>
<placeTerm type="text">Oldwick [etc.]</placeTerm>
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<publisher>A.M. Best Company</publisher>
<dateIssued>2022</dateIssued>
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<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
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<abstract displayLabel="Summary">For the third consecutive year, the majority of P&I clubs have announced general increases ahead of the February 20, 2022 protection and indemnity (P&I) renewal date for ship-owners, amid deteriorating claims experience. The P&I segment is dominated by the 13 members of the International Group of P&I Clubs (lnternational Group), which collectively insure approximately 90% of the world's oceangoing tonnage. In advance of the February 2022 renewal deadline, nine clubs have announced that they will apply a general increase to P&I premium rates. The other fou r- Britannia Steam Ship Insurance Association Holdings (Britannia P&I), Assuranceforeningen SKULD (Skuld), London Steam-Ship Owners' Mutual Insurance Association (The London P&I Club) and Gard P&I (Bermuda) (Gard) - have also announced similar actions to improve premium rates, referred to as mínimum target adjustments, ta rget increases or interna( targets.</abstract>
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<topic>Seguro marítimo</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080630751">
<topic>Clubs de Protección e Indemnización</topic>
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<classification authority="">326.3</classification>
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<recordCreationDate encoding="marc">220301</recordCreationDate>
<recordChangeDate encoding="iso8601">20220301160237.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20220007207</recordIdentifier>
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