At their November meetings in Tokyo and Rotterdam, the UK Club Boards set a general increase of 7.5% on all mutual premium rates for the 2024 renewal. The decisions have been agreed by the Club and its subsidiaries, including UKN.V. which underwrites all EEA risks.
For the 2024 policy year, the Directors have mandated an increase of 10% to apply to all deductibles up to $50,000, with a minimum increase of $1,000 to apply.
For the 2024 policy year, the release call is set at 15% of mutual premium, plus any outstanding instalments of mutual premium.
Open Policy Years: 2021 policy year will see no supplementary premium estimated. The release call is set at 5%.
2022 policy year will see no supplementary premium estimated for this policy year. The release call is set at 7.5%.
2023 policy year will see no supplementary premium estimated for this policy year. The release call is set at 10%.
https://www.ukpandi.com/media/files/uk-p-i-club/circulars/2023/uk-circular-14-23.pdf