Japan P&I Club
2026/2027 General Increase and Renewal Information
General Increase
5%
10% for Naiko Class entries
Capital Distribution
0%
Release Calls
2023/24: 3.5%
2024/25: 3.5%
2025/26: 15%
2026/27: 15%
Summary of announcement
Japan Club have announced a 5% General Increase (GI) for the 2026 renewal.
The Club cite geopolitical instability and upwards trends in claims, driven by global inflation, along with upward pressure on reinsurance premiums. The impact of Pool claims and the effect of 'churn' are also noted as increased burdens on the Club. Despite improving underwriting results, the Club feel that the additional outlined factors warrant an increase of 5% on premiums.
All deductibles below USD50,000 will be increased by 10%, subject to a minimum increase of USD1,000.
Further details can be found in the Club's bulletin, here.
2025 Club Overview
Market Share (Owned Tonnage)
Market Share (Owned Premium)
S&P Rating
BBB+ (stable)
Combined Ratio (Financial Year)
Investment return
Free Reserves (% change)
Call History
2023-2026
Combined Ratio
Historical Trend
Financial Year (USD Millions)
Underwriting Result
Financial Year - (USD Millions)
Investment Asset Allocation
Historical Trend
for Total Assets and Free Reserves (USD Millions)
Geographical Mix by GT
Vessel Type Mix by GT
Investment Return
Solvency Capital Ratio
USD Millions