China Shipowners Mutual Assurance Association (China P&I Club) has formally applied to join the International Group of P&I Clubs, potentially becoming its first mainland Chinese member. Already an approved reinsured association within the Group, China P&I currently covers approximately 104.8 million gross tonnes across 2,199 vessels and ranks among the world’s largest marine liability insurers. The International Group’s 12 member clubs collectively insure around 87% of global oceangoing tonnage through shared claims pooling and reinsurance arrangements. The application will undergo review over the coming months, with any admission representing a significant expansion of China’s role in international marine insurance.
