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Insurance club integrates software for real time data

The software package is supported by an operations cell that provides crisis management response and intelligence alerts The software package is supported by an operations cell that provides crisis management response and intelligence alerts

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.

{mprestriction ids="1,2"}The system has been developed jointly by the two parties over the last 18 months to automate war risk insurance reporting requirements, including direct integration into DNK’s back-office functionalities, and provides a platform to enable other digital services for Norwegian fleet owners.

DNK covers some 470 shipping companies against possible damage resulting from war, terrorism, piracy and cyber-attacks, supported by intelligence-gathering and other security measures that will be strengthened by this new system.

The Clearwater technology allows all reporting to be automated and interfaced directly with the Paris insurance system delivered by Norway’s Noria company. The system uses a Raptor satellite transponder, developed in partnership with Orbcomm, and a software package that includes the Clearwater Portal supported by a 24-hour operations cell that provides crisis management response and maritime intelligence alerts.

Raptor’s data transmission capability will provide access to near real-time vessel positioning and other onboard information. Clearwater and DNK say they have already agreed a programme of installations covering 2,700 vessels.

“The insurance business is witnessing rapid technological progress characterised by digitalisation and the interconnection of systems. Our ambition in DNK is to be among the leaders of this development within marine insurance,” said DNK chief executive Svein Ringbakken.

“The digital tracking system being offered to shipowners has been chosen primarily because it automates time-consuming processes on the insurance side. However, it’s also important that our member companies get the opportunity to use the information in their own operations and that other sensors can be tied in.”{/mprestriction}

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