International Group of P&I Clubs

Name

International Group of P&I Clubs

Legal name

The International Group of P&I Clubs

Website

https://igpandi.org

Company type

Private

Founded year

1899

Operating status

Operating

Headcount range

1–10 employees

Short description

The International Group of P&I Clubs is a London-based not-for-profit association coordinating twelve independent P&I Clubs that collectively provide marine liability cover for 87% of world ocean-going tonnage through pooled claims arrangements and US$3.35 billion of reinsurance capacity.

Ownership category

akta.pro rank

Product category

Marine Liability Insurance (P&I) Pooling and Reinsurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331), Services-Membership Organizations (8600)

akta.pro primary industry

Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH)

akta.pro secondary industries

Commercial Lines P&C Reinsurance (FSAOABAB), Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)

Keywords

• Marine liability insurance
• P&I clubs pooling
• Mutual reinsurance programmes
• Shipowner insurance associations
• Maritime liability cover

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mutual Insurance Premiums: Each Group Club operates as a not-for-profit mutual insurance association. Member Clubs provide marine liability cover (P&I) for shipowners and charterers. The Clubs are owned by their members, and premiums are collected to cover claims, reinsurance costs, and operational expenses. The Group coordinates pooling arrangements and collective reinsurance purchase.
2. Reinsurance Cost Allocation: The Group purchases collective reinsurance on behalf of member Clubs. Reinsurance costs are allocated based on vessel categories and tonnage, with rates per gross ton for different vessel types (Persistent Oil tankers, Clean Tankers, Dry, FCC, Passenger, Chartered tankers, Chartered dries).

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

The International Group of P&I Clubs is the collective coordination body for twelve independent P&I Clubs that provide marine liability (Protection & Indemnity) cover to shipowners and charterers worldwide. It operates a shared claims pooling arrangement (US$10m to US$8.9bn) and collective reinsurance programme (GXL up to US$2.35bn plus US$1bn Collective Overspill), supports casualty response, and provides industry-wide representation at IMO and intergovernmental levels.

Product overview

The International Group of P&I Clubs is a not-for-profit association of 12 P&I Clubs providing marine liability cover for 87% of the world's ocean-going tonnage. The organization's offerings include: Vessel Search (a web-based vessel lookup facility across member Clubs), P&I Qualification (a professional certification program with Certificate/Advanced Certificate/Diploma levels), Group Pooling and GXL Reinsurance (claims-sharing arrangements with multi-layer reinsurance up to US$3.35bn), Autonomous Vessels Insurance Coverage (MASS cover including fully unmanned vessels), Group Agreements Framework (governing documents including Pooling Agreement and IGA), Electronic Bill of Lading Approval System (ensuring P&I cover compatibility with paperless trading), Education Outreach Programme (MoU partnerships with 11 maritime institutions globally), Sustainability Reports, Correspondents Guidelines, and Group Data Highlight publications. The Group operates as a mechanism for sharing large maritime claims and provides collective industry representation.

Differentiator

Problem solved

Functional benefit

Products and services

• Vessel Search Web-based search facility providing access to information on all vessels listed on the ship search facilities of the International Group's 12 member Clubs; users can search vessels and access detailed information contained on individual Club ship search pages.
• P&I Qualification (P&IQ) Professional qualification programme for the P&I insurance industry consisting of seven online modules and an advanced written examination (Module 8), delivered via self-study with remotely invigilated online exams held twice yearly in May and October; offers Certificate, Advanced Certificate, and Diploma qualification levels.
• Group Pooling and GXL Reinsurance Claims-sharing pooling arrangement whereby liabilities exceeding individual Club retention (currently US$10 million) are shared among the twelve member Clubs, underpinned by collective market and captive (Hydra) reinsurance programmes including Layer 1 (US$650m xs $100m), Layer 2 (US$750m xs $750m), Layer 3 (US$850m xs $1.5bn), and Collective Overspill (US$1bn xs $2.35bn).
• Autonomous Vessels Insurance Coverage Marine liability cover for Maritime Autonomous Surface Ships (MASS) at all levels of autonomy including fully unmanned vessels, provided through the Group's pooling arrangements and individual Club underwriting and aligned with the IMO MASS Code.
• Group Agreements Framework Three core governance agreements defining the Group's operation: Group Constitution (core objects of pooling, expertise exchange, external representation), International Group Agreement (governing inter-Club competition), and Pooling Agreement (regulating risk-sharing and collective reinsurance purchase).
• Electronic Bill of Lading Approval System Approval framework for electronic trading systems that ensures P&I cover works with paperless cargo documentation; systems must meet ten IG requirements including title transfer, signature provisions, liability acceptance, and adequate insurance, with both fully approved systems (via existing process) and 'deemed approved' systems meeting compliance and reliability standards.

Quantifiable outcome

• 87% of world ocean-going tonnage covered through 12 member Clubs
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration20 records

Feature3 records

Partnerships

18 partnerships are on record, tiered core and minor.

• International Salvage Union (ISU)coreStrategic or Co-development Partner · 9 December 2026The International Group co-hosts the Global Salvage & Wreck Forum with ISU and International Underwriting Association (IUA). The forum brings together salvage, wreck-removal, marine insurance, and maritime legal sectors for in-depth discussion on complex industry challenges, casualty case studies, and regulatory developments.
• International Underwriting Association (IUA)coreStrategic or Co-development Partner · 9 December 2026Co-host of Global Salvage & Wreck Forum bringing together underwriters, salvors, engineers, shipowners, and maritime lawyers. Provides platform for discussing operational innovations and evolving insurance landscape.
• World Maritime University (WMU)coreStrategic or Co-development PartnerSigned Memorandum of Understanding formalising collaboration on maritime education. Group delivers presentations to WMU students on P&I and the IG. Education Outreach Working Group supports maritime workforce development.
• IMO International Maritime Law Institute (IMLI)coreStrategic or Co-development PartnerAnnual Fellowship awarded to LL.M. students in International Maritime Law. Fifth Fellowship awarded to Ms. Zaituni Abdalla from Tanzania for 2025-2026. Supports accessibility to postgraduate maritime law education globally.
• Centre for Maritime Law (CML), National University of SingaporecoreStrategic or Co-development PartnerMoU signed to formalise collaboration in maritime law education and research. Supports Group's education outreach programme to develop maritime talent pipeline.
• Dalian Maritime UniversityminorStrategic or Co-development PartnerMoU signed for education outreach collaboration. Group presents on P&I and the IG to maritime students.
• Gujarat Maritime UniversityminorStrategic or Co-development PartnerMoU for collaboration on maritime education and training in marine liability.
• Shanghai Maritime UniversityminorStrategic or Co-development PartnerMoU signed with representation by Jasmine Wu. Collaboration on maritime education and P&I knowledge sharing.
• Singapore Maritime Foundation (SMF)coreStrategic or Co-development PartnerMoU signed during Singapore Maritime Week to cooperate in promoting education and training of marine liability to Singapore talent pool.
• Institute of International Shipping and Trade Law (IISTL), University of SwanseaminorStrategic or Co-development PartnerMoU for collaboration on maritime law education and research.
• Tulane Law Center, Tulane UniversityminorStrategic or Co-development PartnerMoU for collaboration on maritime law education programmes.
• University of Athens School of LawminorStrategic or Co-development PartnerMoU signed for collaboration on maritime law education and P&I training.
• Hong Kong Maritime and Port BoardcoreStrategic or Co-development PartnerMoU signed 18 November 2024. Board supports Group's P&I Qualification with funding for eligible Hong Kong applicants under Maritime and Aviation Training Fund (MATF), with 80% of course fees refundable up to HK$30,000 per applicant.
• Canadian Coast GuardcoreStrategic or Co-development PartnerMoU signed in Ottawa regarding response to major maritime casualties and incidents. Part of Outreach programme focused on improving joint cooperation and casualty response. Includes joint preparedness training workshops and exercises.
• US National Oceanic and Atmospheric Administration (NOAA)coreStrategic or Co-development PartnerUpdated MoU signed in Washington DC. Formalises cooperation on maritime casualty response and environmental protection.
• Canadian Ship Source Oil Pollution Fund (SOPF)minorStrategic or Co-development PartnerMoU signed for cooperation on oil pollution compensation and response matters.
• Chinese Ship-Sourced Oil Pollution Compensation FundminorStrategic or Co-development PartnerMoU signed regarding ship-sourced oil pollution compensation and cooperation on casualty response.
• Cargo Incident Notification System Network (CINS)coreTechnology or IntegrationGroup contributed to CINS Guidelines for Shipping Lithium-ion Cells and Batteries in Containers (April 2026). Guidelines provide safety guidance for transport of lithium-ion batteries under UN Nos. 3480 and 3481. Coalition included ABS, CMA CGM, COSCO, IUMI, and others.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• International Underwriting Association (IUA): The IUA is the London-based trade body for marine and non-marine insurers at Lloyd's and in the London market. It co-hosts the Global Salvage & Wreck Forum with the Group and represents a broader marine-insurance incumbent ecosystem adjacent to the Group's P&I focus.
• International Union of Marine Insurance (IUMI): IUMI is the global trade body for marine insurers, including hull, cargo, and energy lines. While not a direct P&I competitor, it is a peer industry-association that represents overlapping marine insurance constituencies and co-develops standards (e.g., via CINS with the Group on lithium-ion cargoes).
• Lloyd's of London: Lloyd's is the broader specialty insurance market that sits behind much of the Group's reinsurance tower (GXL). While Lloyd's is not a mutual P&I Club, it is the dominant provider of marine reinsurance capacity and is a structural peer in the marine insurance value chain.

Direct peers

• Steamship Mutual: Steamship Mutual is a Group member Club providing mutual P&I cover. As a member of the same pooling structure, it is a direct peer in mutual marine liability insurance.
• Skuld: Skuld is a Norwegian-domiciled member of the Group providing mutual P&I cover. It is a direct peer operating the same mutual+pool model and serves a comparable shipowner customer base.
• UK P&I Club: UK P&I Club is one of the 12 Group Clubs providing mutual P&I cover. As a member Club it operates the same mutual model and shares in the Pool, making it a direct analogue at the Club level.
• Gard: Gard is the largest single P&I Club within the International Group and a direct mutual peer. Its CEO currently chairs the Group, making Gard both a member and a dominant force shaping Group strategy; its scale and tonnage share make it the most operationally comparable club to the Group's pooled structure.
• NorthStandard: NorthStandard is a member P&I Club formed from the merger of North of England P&I and the Standard Club. It is one of the largest Clubs in the Group and a direct peer in providing mutuality-based marine liability cover to shipowners.
• Britannia Steam Ship Insurance Association: Britannia is a Group member Club providing mutual P&I cover. It is a direct peer in the mutual P&I market and recently was the Club responsible for the large Baltimore/Key Bridge settlement payment.
• American Steamship Owners Mutual P&I Association: The American Club is the US-domiciled member of the Group, providing mutual P&I cover to US-based shipowners. It is a direct peer in mutual marine liability insurance and Pool participation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCVnMpfyUWYl33KkuY0KQTwQ
• LinkedInlinkedin.com/company/international-group-of-p&i-clubs
• Xx.com/GroupClubs

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about International Group of P&I Clubs