UK P&I Club announces aviation standard safety training

Sep 13 2019


UK P&I Club has worked with CAE, a civil aviation trainer, on a human element safety training initiative based on aviation standards.

This initiative will make available CAE’s comprehensive Maritime Crew Resource Management (MCRM) learning materials and ‘Train the Trainer’ support to all UK P&I Club members.

CAE’s MCRM trains vessel teams to identify and use all available resources in everyday situations and for occasions that require deep collaborative problem solving in complex and rapidly changing environments on board ship and between ship and shore.

Key CAE MCRM learning includes optimal decision making, situational awareness, communications and team working based on aviation standards.

CAE’s MCRM developed the industry’s first Bridge Resource Management (BRM) course and subsequently CAE’s MCRM, training for the whole vessel team. The recently completed update of CAE’s MCRM learning materials and comprehensive ‘Train the Trainer’ preparation also reflects its human element expertise and training standards in aviation pilot training, the UK Club said.

“As the global leader in aviation training, our mission is to enhance safety, efficiency and readiness,’’ said Nick Wilcox, CAE Business Leader Maritime Training. “The UK P&I Club promotes best practice and innovation in the maritime industry, and CAE is delighted to be partnering with an organisation that shares similar values.’’

Stuart Edmonston, UK P&I Club’s Director of Loss Prevention, added: “We are excited to have the opportunity to work with CAE to enhance the UK Club’s leading loss prevention initiatives supporting member safety. The human element regularly features in maritime incidents handled at the Club and we’re pleased to introduce our members to aviation’s approach to safety, problem solving and communication, reflected in CAE’s MCRM learning programme.”

Remaining with P&I Clubs, Britannia’s overall credit rating has been re-affirmed as ‘A’ (stable) by S&P Global Ratings. 

S&P added that Britannia’s outlook remains stable over the next two years, based on its view that the club’s current capital buffer well exceeds S&P’s 'AAA' level requirement.

The agency based its findings on Britannia’s continued high level of capitalisation and its technical profitability over the past five years, which is better than the sector average.

Elsewhere, Skuld reported that it had been hit by pool claims.

The Oslo-based insurance and P&I service provider reported bottom-line net income of $2 mill for the first six months of policy year 2019/2020, compared with $14 mill, at the half-year of 2018/19.

The net income came mainly from investment income and Skuld’s commercial P&I book of business.

In addition to claims from Skuld members, there were a number of reported pool claims from other P&I clubs, which had a negative impact on the technical result. The half-year combined ratio was 112%, compared with 95% for the same period of 2018/19. Gross written premiums showed an increase of $10 mill.

In contrast to the technical account, net investment income contributed positively, with $26.6 mill. Greater economic uncertainty had a welcome positive impact on Skuld’s unchanged long-term investment strategy, with its majority weighting towards low-risk bonds that reduce volatility.

Earlier this year, Skuld’s Lloyd’s syndicate 1897 was placed into a three-year run-off programme, and the book closed to new business. Skuld now writes hull and machinery (H&M) business on corporate paper under the Skuld Hull brand, which contributed positively to the half-year results.

Ståle Hansen, Skuld president and CEO, said: “Despite the high number of reported claims, we are pleased with the half-year result, particularly given the challenging international marine insurance environment.

“Due to the competitive and economic pressures facing the global marine risk market, it is crucial for Skuld to continue with our beneficial diversification strategy and retain our resolve to maintain a sustainable balance between financial strength, risk, and growth. This balance is the key to achieving low volatility for club members, and to remain a stable and robust risk partner for them into the future.

“Skuld’s policies of attracting quality tonnage through service excellence and pursuing risk diversification continue to create stability in the club’s operational performance. Our number one focus is and always will be the interests of our members and clients. We will continue to provide them with the competence and 24-hour service across the world that they have come to rely upon,” he concluded.

 



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