Our risk management programme combines practical solutions that address members’ needs and claims experience with research into the wider issues that impact directly on P&I insurance and the Club’s exposure to claims.
Every year, the UK P&I Club deals with thousands of claims using the expertise and experience of its professional claims handlers, ex-seafarers and lawyers. The insight gained from this number of claims enables us to take a structured approach to risk analysis; our ‘bow-tie’ system that engages both crew and management to participate in and prioritise the risk management process onboard ships. This methodology demonstrates how major hazard events can occur and what safeguards can prevent them.
Developing straightforward diagrams of the causes and consequences of incidents with crew, management and the Club in partnership wins participation and ‘buy-in’ across the whole of the member’s organisation. Its transparency enables risk management to be prioritised reducing risk at a time when money is tight for ship owners. Its evidence-based approach helps satisfy the demands of charterers and shippers, as well as authorities, for proof that ship owners are taking control of their risk.
For more information visit the Loss Prevention pages here: