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Steve Ogolukian — Sonic AI
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Steve Ogolukian
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The International Group of P&I Clubs provides coverage for up to approximately $8 billion per incident, with reinsurance purchased collectively up to $3 billion.
Expert perspective
Steve Ogolukian
Apr 10
The average claim for the American P&I Club is between $20,000 and $30,000, typically for small crew or cargo claims.
Expert perspective
Steve Ogolukian
Apr 10
The International Group of P&I Clubs, comprising 12 member clubs including the American P&I Club, collectively insures 90% of the world's ocean-going tonnage.
Expert perspective
Steve Ogolukian
Apr 10
The International Group of P&I Clubs collectively purchases the largest reinsurance policy in the world, which involves approximately 85 separate reinsurers.
Expert perspective
Steve Ogolukian
Apr 10
Following the outbreak of conflict in the Persian Gulf, the war risk insurance premium for one vessel increased from $15,000 per year to $60,000 for a single seven-day transit to exit the area.
Expert perspective
Steve Ogolukian
Apr 10
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