P&I Club Indonesia

What P&I Club Indonesia does

P&I Club Indonesia, operating under the brand Promindo (legal name: Proteksi Maritim Indonesia), is a private maritime mutual association founded in 2010 and headquartered in Tebet, South Jakarta. The organization serves Indonesian ship owners, platform operators, and charterers by providing Protection and Indemnity (P&I) insurance coverage, including the Basic P&I Covers suite (crew injury, passenger liability, collision, pollution, towage, wreck, cargo, fines, and legal costs) and mandatory Wreck Removal Coverage for vessels 35 gross tons and above. Value-added services include an online certificate authentication system used by harbor masters (syahbandar) to verify member coverage, an Emergency Response Center (ERC) launched around the 2013 anniversary, a Ship Finder lookup tool, and member education and information portals.

The company's go-to-market is community-led: members are acquired through government engagement (notably with the Ministry of Maritime and Investment and the Ministry of Transportation), participation in maritime industry forums and conventions, and direct membership enrollment coordinated via [email protected]. Promindo maintains formal partnerships with Korea P&I (MOU signed 2012), UK P&I Club, Lloyd's of London, national classification society BKI, oil spill response provider OSCT Indonesia, and listing tanker manufacturer PT Slickbar TM Indonesia, with Aldebaran acting as local correspondent.

The revenue model is subscription/recurring membership dues, with no public pricing tiers disclosed. The association is lean (12 employees) and operates from a single Jakarta office. The member base includes large state-owned and private maritime operators such as Pertamina, PT ASDP Indonesia Ferry, PT PELNI (Pelayaran Nasional Indonesia), Baruna, and Premier, positioning Promindo as the only national P&I club focused specifically on Indonesian-flagged vessels and Indonesian waters.

Name

P&I Club Indonesia

Legal name

Proteksi Maritim Indonesia (Promindo)

Website

https://promindo.or.id

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

P&I Club Indonesia (Promindo) is a Jakarta-based maritime mutual association founded in 2010 that provides Protection and Indemnity insurance, wreck removal coverage, certificate authentication, and emergency response services to Indonesian ship owners, platform operators, and charterers.

Ownership category

akta.pro rank

Product category

Marine Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524), Support Activities for Water Transportation (4883)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro industry

PRIMARYFSAJAHAH

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

Financial & Insurance/Insurance — Motor, Property & Casualty/Marine & Aviation Insurance

SECONDARYFSAJAGAJ

Marine Specialty (Hull/P&I/Cargo)

Financial & Insurance/Insurance — Motor, Property & Casualty/Specialty & Excess/Surplus Lines (E&S)

Keywords

• Protection and indemnity insurance
• Marine liability insurance
• Wreck removal coverage
• Maritime mutual association
• Vessel insurance services

Headquarters

HQ city

Jakarta Selatan

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Membership Dues: P&I Club Indonesia generates revenue through membership fees from ship owners, platform operators, and charterers who join the association to access P&I insurance covers and related maritime protection services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

P&I Club Indonesia (Promindo) is a maritime mutual association that provides Protection and Indemnity (P&I) insurance covers and Wreck Removal insurance to ship owners, platform operators, and charterers of Indonesian-flagged and Indonesian-waters vessels. Its core offering includes Basic P&I Covers spanning crew personal injury/illness, passenger liability, collision, pollution, towage, wreck, cargo, fines, and legal costs, plus government-mandated wreck removal coverage for vessels 35 GT and above, an Emergency Response Center for incident support, and an online Certificate Authentication system for harbor authorities.

Product overview

P&I Club Indonesia (Promindo) is a maritime mutual association providing Protection & Indemnity insurance coverage to ship owners, vessel operators, and charterers. The company offers a comprehensive suite of products centered on Basic P&I Covers as the core product, supplemented by Wreck Removal Coverage insurance mandated for vessels over 35 GT. Additional services include Certificate Authentication for verifying member certificates, the Emergency Response Center (ERC) for risk management, Ship Finder for vessel tracking, and educational/information resources for members. The organization operates as a local correspondent and maintains partnerships with maritime industry stakeholders including PT ASL Shipyard Indonesia, BKI (Biro Klasifikasi Indonesia), OSCT Indonesia, and serves member companies such as Pertamina, Baruna, and Premier Oil.

Differentiator

Problem solved

Functional benefit

Brands

• Basic P&I Covers: Comprehensive Protection and Indemnity insurance coverage including personal injury, crew illness, passenger coverage, collision liabilities, pollution, towage contract liabilities, wreck liabilities, cargo liabilities, fines, and legal costs.
• Wreck Removal Coverage
• ERC (Emergency Response Center)
• Autentifikasi Sertifikat

Quantifiable outcome

• P&I Club Indonesia has been serving the Indonesian maritime industry since 2010, providing mandated wreck removal coverage compliance for vessels 35+ GT.

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Korea P&IcoreStrategic or Co-development Partner · 1 February 2012In February 2012, P&I Club Indonesia's Board of Directors visited Korea to establish cooperation with Korea P&I. A Memorandum of Understanding was signed between the two organizations for mutual collaboration in maritime protection and indemnity services.
• UK P&I ClubcoreStrategic or Co-development Partner · 1 January 2010In 2010, Promindo visited London, UK, and met with UK P&I Club as part of establishing international maritime and insurance industry connections.
• Lloyd's of LondoncoreStrategic or Co-development Partner · 1 January 2010In 2010, Promindo visited Lloyd's of London, the largest insurance market in the world, as part of their international industry outreach to strengthen maritime insurance knowledge and partnerships.
• OSCT Indonesia (Oil Spill Combat Team)coreStrategic or Co-development PartnerOSCT Indonesia has been established since 2001, protecting Indonesia's natural environment from oil pollution and responding quickly and effectively to oil spills. It is one of the largest oil spill response centers in the world and the largest local oil spill response center in Indonesia.
• Biro Klasifikasi Indonesia (BKI)coreStrategic or Co-development PartnerBiro Klasifikasi Indonesia (BKI) is the 4th classification society in Asia after Japan, China, and Korea, and is the only national classification body tasked with classifying Indonesian-flagged commercial vessels and foreign vessels regularly operating in Indonesian waters.
• PT Slickbar TM IndonesiaminorStrategic or Co-development PartnerPT Slickbar TM Indonesia expanded its business by establishing a Rental Division and Oil Spill Combat Team (OSCT), supported by more than 80 dedicated local respondents and internationally recognized local experts, providing oil spill response equipment rental, 24/7 emergency response, equipment maintenance, and accredited training.
• AldebaranminorChannel Partner/ Reseller/ DistributorListed as local correspondent on Promindo website, providing local support services for members in Indonesia.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Regional players

• Indonesian Marine Insurance (askrindo/related domestic insurers): Domestic Indonesian general insurers underwriting marine hull and cargo (and some liability) for Indonesian owners. Adjacent/regional peer: offers overlapping marine risk products but is not a P&I mutual, illustrating the differentiation of Promindo's pure-play P&I model.

Direct peers

• UK P&I Club: Major international P&I club (managed by Thomas Miller) offering Protection & Indemnity covers and emergency response services to shipowners worldwide. Directly comparable to Promindo's Basic P&I Covers and ERC service; Promindo has an established relationship with UK P&I.
• Britannia P&I Club: London-based mutual P&I club offering Protection and Indemnity and related covers to shipowners and operators. Comparable to Promindo on the mutual/club structure and core P&I cover set, with deeper international claims handling.
• China P&I Club: Chinese P&I mutual offering Protection and Indemnity insurance to shipowners. Directly comparable to Promindo's mandate as a national-flag P&I club serving Chinese-registered and Chinese-trading tonnage.
• Standard Club (Standard P&I Club): International P&I club (now part of NorthStandard) underwriting marine liability for shipowners and charterers globally. Directly comparable in cover type and mutual model to Promindo, though at global scale.
• Steamship Mutual P&I Club: International P&I mutual providing marine liability insurance, claims handling, and loss prevention services to shipowners and charterers. Directly comparable as a P&I mutual with overlapping cover categories and a member-driven model similar to Promindo.
• Skuld P&I Club: Norwegian-headquartered P&I mutual offering marine insurance and related services. Comparable to Promindo as a P&I club serving shipowners and operators, with a broader international membership base but similar core liability coverage.
• Korea P&I Club: Korean P&I club providing marine liability insurance to shipowners and operators, with a national-flag focus similar to Promindo. Promindo has an existing MOU with Korea P&I, underscoring direct comparability.
• Gard P&I: One of the world's largest mutual P&I clubs providing marine liability and related insurance to shipowners and operators globally. Directly comparable to Promindo as a P&I mutual, with the same core cover set (crew, collision, pollution, wreck removal) but at much larger global scale.

Broad incumbents

• Japan P&I Club: Established Japanese P&I mutual providing marine liability and related services to a large international membership. Comparable to Promindo as a national-flag P&I club, but operates at much larger scale across global tonnage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/proteksi-maritim-indonesia

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 P&I Club Indonesia