More than 90% of the world’s oceangoing tonnage is insured by the mutual P&I Clubs that are members of the International Group of P&I Clubs (IG P&I Clubs). The results this year reveal that The Japan Ship Owners’ Mutual and the UK P&I Club continue to dominate the market with 12.09%, and 12.03% of the global fleet respectively. In addition, The North of England and Gard P&I Clubs have increased their overall market share and now have an almost equal share of the global fleet standing at around 10.3%.
The table below presents an overview of each P&I Club’s market share in both absolute numbers of vessels and percentages for 2011 and 2012.
In terms of net growth in absolute numbers, The Standard P&I Club expanded their fleet by 109 vessels, with the UK and Gard P&I Clubs following (104, and 103 net increases in vessel numbers respectively).
It’s also worth noting that for the first time since this publication was introduced that the UK P&I Club has broken the 1,000-vessel barrier and now has a fleet similar to that of The Japan Ship Owners’ Mutual in terms of numbers.
The DPI column of the table below again reveals unambiguous support for the hypothesis that vessels entered with the International Group of P&I Clubs tend to outperform those in Clubs that are not. Specifically, the average 2012 DPI score of the IG P&I Clubs is 2.16, making a significant improvement from 2.67 in 2011, while that of non-IG is considerably higher at 5.32.
Protection and Indemnity insurance, commonly known as P&I insurance, is a form of marine insurance provided by a P&I Club. These organisations provide insurance cover for broader, indeterminate risks, such as third-party liabilities that marine insurers do not cover. By contrast, marine insurers provide cover for known quantifiable risks, mainly hull and machinery insurance for shipowners, and cargo insurance for cargo owners.
Source; UK P&I
Officer of the Watch 
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