Claims

  • The Club’s overall claims experience for 2016 was just over half the comparable figure for 2015, and more favourable than in any of the previous six years. Moreover, an improvement was noted at all levels.
  • The cost of claims within the US$10 million retention experienced by the Club in 2016 was 20% lower than the comparable figure for the previous year, despite an almost identical number of claims.
  • Attritional claims fell by 20% in terms of overall cost compared to 2015 and the average size of attritional claims fell by 19.1% compared to the previous year, a reversal from the long term upward trend.
  • Nine Pool claims had been reported for 2016; similar to the position in the two previous years but significantly fewer than in prior years. None of the nine claims involved the Club.