{"id":15053,"date":"2021-12-20T07:48:00","date_gmt":"2021-12-20T07:48:00","guid":{"rendered":"http:\/\/192.168.1.14\/index.php\/2021\/12\/20\/2021-2022-2023\/"},"modified":"2025-09-01T01:19:38","modified_gmt":"2025-08-31T17:19:38","slug":"2021-2022-2023","status":"publish","type":"post","link":"https:\/\/andrewliu.com.hk\/zh\/2021-2022-2023\/","title":{"rendered":"General Increase for 2022\/23"},"content":{"rendered":"

Up to today, ALL THIRTEEN IG clubs have announced their General Increase for P&I and FDD for 2022\/23 policy year.  Here are the summary with P&I and FDD GI\/Target increase for your easy reference:<\/p>\n

General increase of 2022\/23<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
IG \u534f\u4f1a<\/strong><\/span><\/td>\nP.S.<\/strong><\/span><\/td>\n\u4fdd\u8d54\u9669<\/strong><\/span><\/td>\n\u6297\u8fa9\u9669<\/strong><\/span><\/td>\n<\/tr>\n
API<\/span><\/td>\n1<\/span><\/td>\n12.5%<\/span><\/td>\n12.5%<\/span><\/td>\n<\/tr>\n
Britannia <\/span><\/td>\n2<\/span><\/td>\n(12.5%)*<\/span><\/td>\n(12.5%)*<\/span><\/td>\n<\/tr>\n
Gard <\/span><\/td>\n3 <\/span><\/td>\n0.0%<\/span><\/td>\n0.0%<\/span><\/td>\n<\/tr>\n
JPI <\/span><\/td>\n4 <\/span><\/td>\n10.0%<\/span><\/td>\n10.0%<\/span><\/td>\n<\/tr>\n
London<\/span><\/td>\n 5<\/span><\/td>\n(12.5)%*<\/span><\/td>\n(12.5)%*<\/span><\/td>\n<\/tr>\n
NOE<\/span><\/td>\n 6<\/span><\/td>\n15.0%<\/span><\/td>\n7.5%<\/span><\/td>\n<\/tr>\n
SOP<\/span><\/td>\n <\/span><\/td>\n5.0%<\/span><\/td>\n5.0%<\/span><\/td>\n<\/tr>\n
Skuld<\/span><\/td>\n 7<\/span><\/td>\n(10.0%)*<\/span><\/td>\n(10.0%)*<\/span><\/td>\n<\/tr>\n
Standard<\/span><\/td>\n 8<\/span><\/td>\n12.5%<\/span><\/td>\n12.5%<\/span><\/td>\n<\/tr>\n
SSM<\/span><\/td>\n <\/span><\/td>\n12.5%<\/span><\/td>\n12.5%<\/span><\/td>\n<\/tr>\n
Swedish<\/span><\/td>\n 9<\/span><\/td>\n12.5%<\/span><\/td>\n15.0%<\/span><\/td>\n<\/tr>\n
UK<\/span><\/td>\n 10<\/span><\/td>\n12.5%<\/span><\/td>\n7.5%<\/span><\/td>\n<\/tr>\n
WOE<\/span><\/td>\n <\/span><\/td>\n15.0%<\/span><\/td>\n15.0%<\/span><\/td>\n<\/tr>\n
Average<\/strong><\/span><\/td>\n <\/span><\/td>\n11.0%<\/span><\/strong><\/span><\/td>\n10.0%<\/span><\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u6ce8 Remark:<\/p>\n

\u4ee5\u4e0a\u6570\u5b57\u7684\u5355\u4f4d\u4ee5ETC\u8ba1\u7b97\u3002Expressed in term of ETC (estimated total call) or equivalent as defined. 
TBA \u6709\u5f85\u901a\u77e5\u3002TBA = To be announced. 
N\/A \u4e0d\u9002\u7528\u3002N\/A = Not applicable.<\/p>\n

1. API
\u00b7 Supplementary call has been set for P&I class, 2018 is 15% and 2019 is 35%.  For 2020, similar level of 2019 supp call is expected but a formal decision will be made during first half of 2022.<\/p>\n

2. Britannia
\u00b7 Britannia does not adopt the General Increase practice. Members\u2019 individual rates will be adjusted to reflect their claims record and risk profile.  However, they will target a 12.5% increase on ETC.<\/p>\n

3. Gard
\u00b7 For 2022 policy year, Gard will give a 5% owners’ general discount on the agreed ETC to P&I members. At the same time, premiums for 2022 policy year will be increased. Although there will be no general increase, individual members’ rate will be adjusted to reflect their risk profile and claims records.<\/p>\n

4. JPI
\u00b7 For 2020 policy year, the scheduled 40% supplementary call will be due in 31 January 2022. Other than this, no further supplementary call will be levied.<\/p>\n

5. London
\u00b7 For London, although no general increase is set, the club is targeting an increase in rates of 12.5%, this is subject to a focus on individual member loss records and risk profiles.
\u00b7 London announced the supplementary call has been set: 2019\/20 35%, 2020\/21 30%, 2021\/22 35% of annual call.<\/p>\n

6. NOE
\u00b7 No supplementary call will be levied.<\/p>\n

7. Skuld
\u00b7 Skuld does not adopt the General Increase, a minimum market adjustment of 10% will be imposed for all covers regardless of members’ performance.  Also, additional individual adjustments for members with challenging records.<\/p>\n

8. Standard
\u00b7 Standard announced no supplementary call for previous years.<\/p>\n

9. Swedish
\u00b7 Swedish announced no supplementary call for previous years.<\/p>\n

10. UK
\u00b7 UK announced no supplementary call for previous years.<\/p>","protected":false},"excerpt":{"rendered":"

Up to today, ALL THIRTEEN IG clubs have announced their General Increase for P&I and FDD for 2022\/23 policy year.  Here are the summary with P&I and FDD GI\/Target increase for your easy reference: General increase of 2022\/23 IG \u534f\u4f1a P.S. \u4fdd\u8d54\u9669 \u6297\u8fa9\u9669 API 1 12.5% 12.5% Britannia  2 (12.5%)* (12.5%)* Gard  3  0.0% 0.0% […]<\/p>","protected":false},"author":210,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[125],"class_list":["post-15053","post","type-post","status-publish","format-standard","hentry","category-circulars","tag-english"],"_links":{"self":[{"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/posts\/15053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/users\/210"}],"replies":[{"embeddable":true,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/comments?post=15053"}],"version-history":[{"count":1,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/posts\/15053\/revisions"}],"predecessor-version":[{"id":17673,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/posts\/15053\/revisions\/17673"}],"wp:attachment":[{"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/media?parent=15053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/categories?post=15053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/tags?post=15053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}