Overview

China Shipowners Mutual Assurance Association (also known as China P&I Club, CPI), founded in Beijing on 1 January 1984 under the approval of the State Council of the People’s Republic of China, is a non-profit mutual marine insurance organisation. The Association upholds and protects the interests of its members in accordance with applicable laws, rules, international conventions, and regulations. The Association is registered as a social organisation at the Ministry of Civil Affairs, PRC and under the operational guidance of the Ministry of Transport, PRC.

The Association has set up China P&I Management Co., Ltd. as its Managers who undertakes the management of the day-to-day affairs of the Association and established a comprehensive operational structure with its headquarters in Shanghai and regional branches in Beijing, Dalian, Qingdao, Guangzhou, Hong Kong, London, and Singapore.

Products and Services

China P&I Club provides its members with a package insurance solution, which includes one-stop claims handling service and a variety of insurance products such as P&I, Hull & Machinery, FD&D, Charterers Comprehensive Cover, War Risks Cover, and Marine Delay Insurance. After 41 years of experience, it has grown to become a P&I Club with global recognition.

The Association is now the largest P&I insurer in China with over 97 million GT P&I Entered Tonnage, ranking 8th among its global peers. The Association has also achieved significant growth in mutual hull business, now established as one of the leading underwriters in the market.

Meanwhile, the Association has set up a global network of 461 correspondents with long term co-operations deployed in 144 countries and regions. This highly efficient and responsive network provides Members with immediate and professional assistance in terms of underwriting, claims handling, loss prevention and compliance. Over the years, China P&I Club has been engaging and developing the best talent and has built a managing and service team with adequate qualification and advanced expertise.

Members

The Association now has 202 Members including prestigious shipping and financial leasing companies both at home and abroad, such as China COSCO Shipping, China Merchants Group, Fujian Guohang Ocean Shipping, Shandong Shipping, Seaspan, OOCL, Ocean Longevity, Yangzijiang Shipbuilding, Nanjing Ocean Shipping, China Development Bank Financial Leasing, Cheng Xin Ship Management, Jiangsu Huaxin Ship Management, SITC, Chinese-Polish Joint Stock Shipping, HTM Shipping, Greathorse, PIL, CMA CGM, Alberta Shipmanagement, Franbo Lines, Minsheng Financial Leasing, Winning International Group, and etc.

Global Development

While focused on providing quality services to existing Members, the Association has also been actively exploring the global market to a point where the proportion of international tonnages has seen steady increases in recent years. Guided by the strategy of “professionalism, market-orientation, internationalisation and digitalisation”, the Association integrates international practices in corporate governance and market development, and strives to provide professional, efficient, high-quality and reliable services to Members worldwide.