In this series, we explore the world of protection and indemnity (P&I) clubs, and discuss their history, structure, functions, and operations, and the vital role they play in the marine industry.
P&I clubs are a crucial part of the marine industry. Club members come together to form a group club to pool resources, expertise, and financial strength to effectively manage risks and provide insurance coverage. A P&I club acts as a shipowners mutual protection society, offering coverage for third party liabilities. Through their collective efforts, P&I clubs contribute significantly to the safety, stability, and sustainability of the global maritime industry.
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In this series, we explore the world of protection and indemnity (P&I) clubs, and discuss their history, structure, functions, and operations, and the vital role they play in the marine industry.
P&I clubs are a crucial part of the marine industry. Club members come together to form a group club to pool resources, expertise, and financial strength to effectively manage risks and provide insurance coverage. A P&I club acts as a shipowners mutual protection society, offering coverage for third party liabilities. Through their collective efforts, P&I clubs contribute significantly to the safety, stability, and sustainability of the global maritime industry.
Episode 1: History of the P&I club system and the concept of mutuality
An Eye on P&I: A Marine Podcast from Marsh
9 minutes 49 seconds
1 year ago
Episode 1: History of the P&I club system and the concept of mutuality
An Eye on P&I: A Marine Podcast from Marsh
In this series, we explore the world of protection and indemnity (P&I) clubs, and discuss their history, structure, functions, and operations, and the vital role they play in the marine industry.
P&I clubs are a crucial part of the marine industry. Club members come together to form a group club to pool resources, expertise, and financial strength to effectively manage risks and provide insurance coverage. A P&I club acts as a shipowners mutual protection society, offering coverage for third party liabilities. Through their collective efforts, P&I clubs contribute significantly to the safety, stability, and sustainability of the global maritime industry.
