The Swedish Club

What The Swedish Club does

The Swedish Club is a mutual marine insurance association founded in 1872 in Gothenburg, Sweden, and structured as Sveriges Ångfartygs Assurans Förening. It serves shipowners, operators, charterers, energy and offshore clients, shipbuilders, and small craft operators with a full portfolio of marine insurance products, including Protection and Indemnity (P&I), Hull and Machinery, Increased Value, Loss of Hire, Freight, Demurrage and Defense (FD&D), War Risk, Kidnap and Ransom, Charterers' Liability, Energy and Offshore, Builders Risk, Small Craft, and Cyber Insurance.

The Club operates a digital infrastructure that includes the SCOL member portal, the SCIDS charterers' declaration platform, and the Trade Enabling Loss Prevention (TELP) service for just-in-time vessel risk guidance. Distribution runs through seven wholly-owned offices in Gothenburg, Athens, Oslo, London, Hong Kong, Singapore, and New York, supported by a global correspondent and surveyor network. As a member of the International Group of P&I Clubs, the Club participates in pooling arrangements for large maritime liability claims and accesses global coordination infrastructure.

Revenue is generated through mutual calls and contributions paid by member shipowners and operators; pricing is set via the annual review process rather than published rates. In 2025, the Club reported the strongest operational result in its history at 48 MUSD, is rated A- (Excellent) with stable outlook by AM Best (January 2026), and BBB+ with positive outlook from S&P (December 2025).

Name

The Swedish Club

Legal name

Sveriges Ångfartygs Assurans Förening (The Swedish Club)

Website

https://swedishclub.com

Company type

Private

Founded year

1872

Operating status

Operating

Headcount range

101–250 employees

Short description

The Swedish Club is a 1872-founded Swedish mutual marine insurer providing P&I, Hull and Machinery, FD&D, War Risk, and Cyber Insurance to approximately 1,000 shipowners, charterers, and offshore operators worldwide, distributed through seven regional offices and a global correspondent network.

Ownership category

akta.pro rank

Product category

Marine Insurance

NAICS

Insurance Carriers and Related Activities (524), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

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

akta.pro secondary industries

Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA), Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)

Keywords

• Marine insurance
• Protection and indemnity
• Hull and machinery insurance
• War risk insurance
• Loss prevention services

Headquarters

HQ city

Gothenburg

HQ country

Sweden

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Marine Insurance Premiums: The Swedish Club operates as a mutual insurance association where shipowners and operators become members. Revenue is generated through insurance premiums (calls and contributions) paid by members for coverage including P&I, Hull & Machinery, FD&D, War Risk, and other marine insurance products.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

The Swedish Club is a mutual marine insurance association providing Protection and Indemnity (P&I), Hull and Machinery, FD&D, War Risk, Kidnap and Ransom, Charterers' Liability, Energy and Offshore, Shipbuilders Risk, Small Craft, and Cyber Insurance to shipowners, operators, and charterers worldwide. The Club supplements its insurance coverage with loss prevention services (including the TELP just-in-time guidance platform), emergency response training, online loss prevention training, and the Marine Insurance Course (MIC), distributed through a global office and correspondent network.

Product overview

The Swedish Club operates as a marine mutual insurer offering a comprehensive portfolio of insurance products organized around shipowner and operator coverage (Marine Hull and Machinery, Protection and Indemnity, FD&D, War Risk), charterer coverage, energy and offshore, shipbuilders risk, and small craft segments. The Club's product ecosystem includes a dedicated Cyber Insurance offering, reflecting the growing digital risks in maritime operations. Beyond core insurance, the Club provides value-added services including Trade Enabling Loss Prevention (TELP) for real-time voyage risk guidance, emergency response training, online loss prevention training, and a Marine Insurance Course. The company also offers resource materials including P&I Rules, FD&D Rules, and Hull/War insurance conditions documentation. The portfolio functions as a unified marine insurance platform with modular product lines tailored to different vessel types and operational requirements, delivered through the Club's global office network spanning Gothenburg, Athens, Oslo, London, Hong Kong, Singapore, and New York.

Differentiator

Problem solved

Functional benefit

Products and services

• Hull and Machinery Marine insurance coverage for physical damage to vessels and their machinery, designed for shipowners and operators.
• Increased Value (IV) Additional insurance coverage for vessel value appreciation beyond standard hull coverage.
• Loss of Hire Insurance coverage for loss of revenue when a vessel is unable to operate due to covered damages.
• Marine Additional Insurance Supplementary marine insurance options for shipowners and operators.
• Protection and Indemnity (P&I) Third-party liability coverage for shipowners and operators, covering bodily injury, property damage, pollution, and other statutory liabilities.
• P&I Additional Insurance Supplementary P&I insurance options for shipowners and operators.
• FD&D (Freight, Demurrage and Defense) Insurance covering legal costs and disputes related to freight, demurrage, and defense of maritime claims.
• FD&D Additional Insurance Supplementary FD&D insurance options.
• War Risk Insurance Coverage for vessels and cargo against war-related risks including hostilities, piracy, and seizure.
• Kidnap and Ransom Insurance Coverage for ransom payments, crisis response costs, and related expenses arising from kidnapping incidents at sea.
• War Additional Insurance Supplementary war risk insurance options.
• Charterers' Liability Insurance Liability coverage specifically designed for charterers, covering their contractual responsibilities under charterparty agreements.
• Charterers' FD&D Insurance FD&D insurance tailored for charterers, covering legal costs and disputes related to charterparty agreements.
• Energy and Offshore Insurance Specialized insurance products for the energy sector and offshore operations.
• Shipbuilders Risk Insurance Coverage for vessels under construction or repair, protecting against construction risks and yard operations.
• Small Craft Operators Insurance Insurance products tailored for operators of smaller commercial vessels and pleasure craft.
• Cyber Insurance Insurance coverage for cyber risks, including data breaches, network failures, and cyber attacks affecting maritime operations.
• Trade Enabling Loss Prevention (TELP) Just-in-time guidance service providing practical risk mitigation advice for vessels operating in high-risk areas, combining claims experience with technology.
• Emergency Response Training (ERT) Training services for maritime crews to handle emergency situations effectively.
• Online Loss Prevention Training Digital training modules focused on loss prevention and safety awareness for maritime professionals.
• Marine Insurance Course (MIC) Educational course providing comprehensive understanding of marine insurance principles and practices.

Quantifiable outcome

• 48 MUSD operational result in 2025 - strongest result in the Club's history
• +1 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• DNV CybercoreStrategic or Co-development Partner · 10 June 2026Partnership with DNV Cyber to deliver cyber threat intelligence services to The Swedish Club's approximately 1,000 insured vessels. DNV Cyber provides vulnerability assessments, cyber threat analysis, and practical preparedness guidance tailored to maritime operations, addressing growing cyber risks driven by increased vessel connectivity and geopolitical tensions.
• CyberOwlcoreStrategic or Co-development Partner · 10 June 2026Partnership with CyberOwl to deliver cyber threat intelligence services to The Swedish Club's approximately 1,000 insured vessels. CyberOwl provides regular updates on emerging threats, vulnerabilities, and attack methods relevant to maritime operations, complementing the Club's insurance expertise with dedicated cyber resilience services.
• International Group of P&I Clubs (IGP&I)coreStrategic or Co-development PartnerThe Swedish Club is a member of the International Group of P&I Clubs, which coordinates pooling arrangements for large maritime liability claims exceeding individual club retention limits. This provides members with access to comprehensive global coverage and shared risk management.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Marine Hull insurers at Lloyd's of London (e.g., Lloyd's Market): Lloyd's syndicates underwrite a large share of marine hull, war risk, and specialty marine insurance globally. While not a mutual and not exclusively focused on P&I, Lloyd's is a broad incumbent offering overlapping marine coverage to shipowners competing for the same premium pool.

Direct peers

• UK P&I Club: UK P&I Club is another IG P&I mutual serving shipowners worldwide with the same product mix (P&I, Hull, FD&D, War Risk). Direct competitor within the International Group pooling mechanism, with comparable mutual structure and global office footprint.
• London P&I Club: London P&I Club is an IG-member mutual also providing P&I and related marine insurance to shipowners. Highly comparable peer operating in the same mutual, International Group framework with overlapping customer segments.
• Gard (Gard P&I): Gard is one of the world's largest marine mutual insurers and fellow International Group of P&I Clubs member, headquartered in Norway. It offers the same core P&I, Hull, and FD&D products to shipowners globally and is the most direct competitor to The Swedish Club in the Nordic/European marine insurance market.
• Britannia P&I Club: Britannia is another IG P&I mutual offering P&I, FD&D and Hull cover to shipowners. Direct peer within the International Group ecosystem competing for the same enterprise tanker and bulker owner base as The Swedish Club.
• Standard Club (NorthStandard): NorthStandard is a merger of the North and Standard P&I Clubs and a fellow IG member offering P&I, hull, and ancillary marine insurance to shipowners globally. Direct competitor for fleet owners, particularly in the UK and Asian shipping markets where both maintain offices.
• Steamship Mutual P&I Club: Steamship Mutual is a Bermuda-based IG member P&I mutual serving similar shipowner clients with comparable coverage. It competes directly for the same enterprise shipping customers within the International Group pool and follows the same mutual governance model.

Others

• Cyprus-based marine insurers / IG-affiliated clubs: The International Group of P&I Clubs itself is the coordinating body of 12+ mutual P&I clubs including the Swedish Club. As a pooling/coordination partner rather than direct customer competitor, it shapes risk-sharing terms that affect The Swedish Club's economics and reach.

Regional players

• American P&I Club: American P&I Club is a U.S.-headquartered IG-member mutual offering P&I cover primarily to U.S.-flag and U.S.-beneficial shipowners. Regional peer whose territory is being directly targeted by The Swedish Club's 2025 New York office expansion.

Emerging players

• Beazley Marine: Beazley has expanded its marine and specialty insurance offerings including cyber, hull and cargo cover for commercial fleets. Not a mutual but a growing commercial challenger increasingly competing for mid-sized shipowner accounts in P&I-adjacent marine lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/theswedishclub
• Xx.com/theswedishclub

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Swedish Club