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International Group Agreement

The International Group of P&I Club is a unique mutual insurance system in the maritime sector. The consolidation includes the thirteen largest non-profit insurance organizations, the P&I clubs of the group members. The coverage of third-party commitments with regard to the use and operation of ships, their group insurance and reinsurance, as well as the coordination of the two group agreements, are the main principles of the International Group of P&I Club, which now provides more than 90% of current sea crossings and 95% of ships. [42] [43] [44] The remaining minority of civil liability in the maritime sector will be transferred to other insurers that hold a market share of approximately 10% in the lake gnawing sector.