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New business We are now seeing a variety of transport professionals as members, particularly from the offshore and aviation industries. The 2014 ITIC underwriting year has been extremely positive.…

The need to interpret and comply with a range of environmental regulations is a growing feature of transportation businesses. The claims environment remains favourable. The number of reported claims…

To view the information contained in the Financial Highlights pages of the Year Book please click here.

Dear Members  The good news to report on the last financial year of 2014/15 is the continued improvement in the level of claims. The investment return of 4.5%, whilst lower than last year which…

Dear members The good news to report for the financial year 2015/16 is a combined surplus from both ITIC and its mutual reinsurer, TIMIA, of US$9.0m, largely due to an improvement in current and…

Income is a major consideration in the underwriting of the majority of ITIC members. Many companies are currently suffering during the current depressed markets. With members declaring substantially…

The number of indemnity claims reported during the 2015 policy year (1st June 2015 to 31st May 2016) was at the same level as in the previous year. After 12 months’ development the amounts paid and…

ITIC believes loss prevention is an important part of its services. With over 2,300 assureds we see a very wide range of issues. Where possible, we use that experience to assist members avoid…

ITIC has offered for many years a number of additional insurance products – which are only available to existing members by way of an endorsement to their professional indemnity insurance…

To view the information contained in the Financial Highlights pages of the Year Book please click here.