Protection & Indemnity (P&I insurance) is Skuld's largest line of business. The cover protects our members against third party losses and liabilities.
Together with additional covers tailored to individual needs of the member, Skuld P&I ensures a reliable cover for liability exposure.
Going the extra mile for our members
Dedicated in-house lawyers and claims handlers work closely with members to ensure a fast and professional response in all matters. Delegated authority speeds up claims handling and reduces unnecessary delays for entered vessels.
A mutual association
As a mutual association, Assuranceforeningen Skuld (Gjensidig) is owned and controlled directly by its members. Some 40% of the tonnage entered in the club continues to be Scandinavian-controlled, reflecting the club’s traditional balance between Scandinavian and non-Scandinavian business. Other big markets are Western European countries, Russia, Singapore, China including Hong Kong and the United States. Greece and Asia are perceived as key growth areas.
Skuld is one of thirteen members of the International Group of P&I Clubs that work closely together in reinsurance and industry matters of common interest. The International Group insures approximately 90% of the world's merchant fleet.