LP News October 1999
The Club has recently published its comprehensive analysis of the major claims filed by its Members between 1987 and 1997. This embraces any claim, potential claim or claim-related investigation costing more than US$100,000. Club membership accounts for 20% of the world’s deep-water fleet and consequently the analysis provides a uniquely representative picture of maritime risk around the world. This analysis is the most authoritative ever conducted by the Club. It addresses data captured over ten years and is therefore statistically more significant than previous analyses. It also gives a more definitive indication of trends. The full report is nearly 100 pages long and is an in-depth study of causation, location, risk category and ship type. Its aim is to give Members a clear perspective on the changing pattern of risk as a starting point for the development of effective loss prevention strategies. A separate digest presents the highlights and summarises the conclusions of the full report.