Chairman's Statement
“In no risk we fear, in the same boat we are”. In the era of globalization, China P&I Club will stand with you for a brighter and more promising future.
P&I Clubs have a long history. After so many years of development, P&I Clubs have now become an integral part of the global shipping industry. In 1984, China Shipowners Mutual Assurance Association (China P&I Club, CPI or the Association) was founded under the approval of the State Council of China, laying the cornerstone of China’s P&I industry and marked the founding of China’s very own P&I Club. Despite a late start, the mutual insurance industry in China developed rapidly. Over the past years, as the only P&I Club in China and developing countries, China P&I Club has not only achieved a similar entered tonnage with that of the IG Clubs, but also preceded all P&I Clubs in the world in terms of total net free reserves and free reserve per GT.
As the largest insurer of P&I risks in China and an extremely specialized association, China P&I Club adheres to the concept of "talent brings development" and has fostered a highly qualified team with professional skills over the years. China P&I Club now provides traditional P&I covers, Mutual Hull & Machinery, War Risks, Charterer’s Liability covers and FD&D covers to both Chinese and international shipping communities, and has become an important force that supports China’s shift from a big shipping country to a powerhouse in the international shipping industry. Looking back on the past, we are full of pride. Looking forward to the future, we are filled with great expectations. The Board of Directors will carry on the Association’s strategy of "internationalisation, market-orientation, professionalism and digitalisation" and make China P&I Club a world-class club that provides high-quality marine insurance services to shipping communities around the world.
“In no risk we fear, in the same boat we are”. In the era of globalization, China P&I Club will stand with you for a brighter and more promising future.
As the largest insurer of P&I risks in China and an extremely specialized association, China P&I Club adheres to the concept of "talent brings development" and has fostered a highly qualified team with professional skills over the years. China P&I Club now provides traditional P&I covers, Mutual Hull & Machinery, War Risks, Charterer’s Liability covers and FD&D covers to both Chinese and international shipping communities, and has become an important force that supports China’s shift from a big shipping country to a powerhouse in the international shipping industry. Looking back on the past, we are full of pride. Looking forward to the future, we are filled with great expectations. The Board of Directors will carry on the Association’s strategy of "internationalisation, market-orientation, professionalism and digitalisation" and make China P&I Club a world-class club that provides high-quality marine insurance services to shipping communities around the world.
“In no risk we fear, in the same boat we are”. In the era of globalization, China P&I Club will stand with you for a brighter and more promising future.