Safety and risk management infrastructure expanded
Source: Middle East Insurance Review | Jun 2024
The UK P&I Club has expanded its safety and risk management remit to provide its members with resources and guidance to help them navigate increasingly complex risk environments.
The club’s new safety and risk management division comprises five main pillars: fleet quality, loss prevention, the environment, crew wellbeing and industry collaboration. This strategic repositioning reflects the club’s perspective that identifying risks and proactively mitigating future losses requires a more holistic approach to anticipating and addressing the evolving risks that owners and operators face, especially as they adapt to modern challenges such as the use of alternative fuels, the implementation of new digital and operational technologies, changing crew requirements and geo-political uncertainties.
UK P&I Club said, “As the shipping industry navigates an era of profound change, it is critical that we position our services in the right way to help our members manage and protect themselves from current and emerging risks.
“Internally, our safety and risk management, claims and underwriting teams will be working even more closely together to understand and adapt our cover to new challenges. Our safety and risk management team will deliver a more comprehensive suite of tools which will support them to take practical actions to improve fleet quality and operational safety.” M