Marine Insurance Hull, P&I, Deductible & Claim Reserve Tool

Marine Claims • Hull & Machinery • Protection & Indemnity • Reserving • Recovery

Marine Insurance Hull, P&I, Deductible & Claim Reserve Tool

Screen the insured and retained parts of a marine casualty, compare policy deductibles and limits, reconcile settlement cash, and track open reserves, third-party recoveries and evidence. Insurance response is always provisional until the actual policy, club entry and adjustment are verified.

Insurer / owner exposure bridgeHull vs P&I allocationLow / central / high case estimatesFive editable registersClaim-reserve development

Data basis

Rapid marine claims screen: 12 inputsEstimate gross incurred, modeled insurance recoveries, deductibles and expected retained cost. Hull and P&I are assessed separately; third-party recovery is credited once.

Claims and insurance adjustment workbenchSet the financial review horizon and screening assumptions, then build event, policy, recovery, payment and evidence registers below. Deductibles apply once to each recorded event/policy group, not once per individual cost line.

Claims boundary: The tool does not establish coverage, liability, general-average adjustment, quantum, insurer solvency or approved case reserves. Deductibles, limits, currency, attachment, contribution and recovery allocation depend on the exact policy/Club Rules. P&I club pool and reinsurance retention figures are not vessel deductibles. The model uses user-entered values only.

Claim Heads & Event Register

One financial claim head per row. Rows sharing the same event and insurance class are grouped for one modeled deductible/limit. The low, central and high case estimates must be ordered; this is a case estimate, not an actuarial IBNR calculation.

Use	Claim head / reference	Event ID	Class	Low USD	Central USD	High USD	Notice date	Status	Evidence

Policy & Club Entry Register

User-entered deductible and per-event limit. Coverage fraction is an assumed allocation factor, not a legal coverage finding. Pending entries can be modeled provisionally but create a hold; excluded/not placed entries contribute no modeled indemnity.

Use	Insurance class	Deductible USD	Per-event limit USD	Modeled covered share %	Placement / status	Terms reviewed

Salvage, Subrogation & Third-Party Recoveries

Recovered salvage value and third-party settlements are credits against gross claim cost. They are distinct from salvage-response expenditure, which belongs in the claim-head costs. Expected amounts are adjusted by confidence and capped by the associated claim estimate.

Use	Claim reference	Recovery source	Estimated USD	Confidence %	Status	Evidence / owner

Paid Costs & Receipts Ledger

Cash flows update unpaid gross exposure and outstanding insurer/third-party receivables. Owner-paid costs, insurer cash receipts and third-party cash receipts must not be entered in more than one category.

Use	Transaction	Claim / event	Amount USD	Settlement date	Confirmed?	Note / reference

Claims Evidence, Notice & Action Register

Due dates are entered case-specific dates, not universal notice/time-bar limits. Failed or missing critical evidence requires escalation independent of financial forecasts.

Use	Requirement / document	Discipline	Critical?	Status	Due date	Owner / document ref.

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Marine Insurance Hull, P&I, Deductible & Claim Reserve Tool

Claim Heads & Event Register

Policy & Club Entry Register

Salvage, Subrogation & Third-Party Recoveries

Paid Costs & Receipts Ledger

Claims Evidence, Notice & Action Register