P&I Insurance: Policy years 2021/22, 2022/23, 2023/24, 2024/25 and 2025/26 – Supplementary and Release Calls
At the Board Meeting in Bangkok on 27 March 2025, the Board of Directors made the following decisions in respect of the open policy years:
2021/2022
To close the policy year with no supplementary call.
2022/2023
To close the policy year with no supplementary call.
2023/2024
To reduce the release call for this year to 5%.
2024/2025
To keep the release call for this policy year at 15%.
2025/2026
To maintain the target set at the renewal for 2025/2026, which was to achieve a 0% supplementary call. To keep the release call for this policy year at 15%.
The Club has considered objective actuarial information regarding various risks including premium risk, reserve risk and market risk both in ascertaining the level of the release call percentage and also for assessing the risk that the published level of the expected premium may be exceeded.
Release calls have developed as follows:
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
| 2019/2020 | Close | 5% | 12% | |||
| 2020/2021 | Close | 15% | 15% | 15% | ||
| 2021/2022 | Close | 0% | 15% | 15% | 15% | |
| 2022/2023 | Close | 5% | 15% | 15% | ||
| 2023/2024 | 5% | 15% | 15% | |||
| 2024/2025 | 15% | 15% | ||||
| 2025/2026 | 15% |
Yours faithfully,
Thomas Nordberg
