
31/07/2025
Shipowners are expressing growing frustration as Protection & Indemnity (P&I) insurers continue to raise premiums for the sixth consecutive year. Clubs are implementing broad-based increases despite collectively strong financial positions and healthy reserves. Over recent renewals, most International Group P&I clubs have imposed general premium rate hikesâtypically in the 5â7.5% rangeâeven though underwriting results have improved. Some clubs have also frozen deductibles, while others have increased them, adding to the rising cost of risk....
Shipowners are expressing growing frustration as Protection & Indemnity (P&I) insurers continue to raise premiums for the sixth consecutive year. [âŚ]