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Specialist insurer Beazley has announced a new marine cyber insurance product to meet the growing cybersecurity needs of vessel owners and operators in a digitalised and connected environment.

UK-based Clearwater Tracking has teamed up with DNK (Den Norske Krigsforsikring for Skib), the Norwegian maritime war risk insurance club, to provide DNK members with a new system for near real-time monitoring of ship positions and breach reporting, integrated into the Clearwater Portal.

Thursday, 20 September 2018 15:33

Global marine insurance database concludes pilot

IUMI (International Union of Maritime Insurance) reports that it has successfully concluded a large loss database pilot project, a proof of concept exercise aiming to demonstrate how the use of a wider range of data on large losses across the marine insurance industry could benefit the sector.

A.P. Møller-Maersk has confirmed that it has begun using a new blockchain platform for marine hull insurance called Insurwave, having acted as the pilot client for the system built by a joint venture between EY and Guardtime.

Wärtsilä subsidiary Eniram has updated its Eniram SkyLight fleet performance monitoring system to version 3.0, partnering with Concirrus to integrate marine insurance underwriting tools that base insurance calculations on accurate actual operational data.

Tuesday, 21 November 2017 17:14

Report highlights unmanned ship cyber concerns

A new report from law firm Clyde & Co and the Institute of Marine Engineering, Science & Technology (IMarEST) has suggested that approximately two-thirds of 220 maritime industry executives surveyed (64 per cent) believe there is uncertainty surrounding liability issues relating to unmanned ships should a vessel be involved in an incident as a result of a cyber-attack.

International Union of Marine Insurance (IUMI) president Dieter Berg has predicted a shake-up in marine insurance as a result of the introduction of disruptive technologies across the maritime sector, with potentially positive results for insurers if the process is approached in a responsible manner.

Global marine insurer North P&I Club is collaborating with risk management company Hudson Analytix – Cyber to encourage a better understanding among its maritime members of their vulnerability to cyber-risk and to assist in improving their cyber security processes and systems.

Maersk and a group of global partners, including financial services firm EY and software giant Microsoft, have announced the launch of a new blockchain platform for the marine insurance sector, planned to be implemented in 2018 having now completed a 20-week Proof of Concept phase.

The International Union of Marine Insurance (IUMI) has launched a new interactive online information portal, offering access to the Union’s bi-annual statistics as well as an integrated searchable archive of the complete set of presentations given at the IUMI annual conference from 2010 onwards.

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