HANSA 04-2018

Schiffstechnik | Ship Technology
rine operator and their different vessel
classes, some of which may not need
worldwide insurance cover. Insurers
will be able to monitor this information
in real-time, with visibility of when a
policy might be breached and communicate
with that operator to suggest a
different route, as well as reward fleets
that operate in lower risk areas.
• l War zone: Some fleets require cover for
war and piracy on an infrequent basis.
The technology partnership presents
the opportunity for insurers to offer a
connected insurance policy where the
premium is adjusted for War and Piracy
cover when it’s needed. Existing AIS
technology is often turned off when
navigating in areas affected by war and
piracy to protect the vessel and crew,
however ships using the Eniram Skylight
3.0 technology can continue to
share their location with their insurer
to receive a premium that is reflective
of their movements.
• l Voyage: Hull cover is currently written
on a time basis. With the availability of
routing information directly from the
vessel or from shore-side operations, it
is now feasible to underwrite an individual
voyage. Notably, this could apply
to the last voyage of a vessel before
breaking, or for other particularly high
risk voyages where deviation from the
route is considered high risk.
• l Machinery data: Machinery and equipment
failures account for 50% of hull
and machinery claims and 31% of the
cost to insurers. Machinery and maintenance
data could be used by insurers
to proactively communicate with vessel
operators about the state of their
machinery. It could also be used to reward
those operators who regularly
maintain their machinery with lower
premiums.
»Shipowners are able to empirically
demonstrate the robustness of their risk
management procedures and, in sharing
this with their insurer, they are able to
initiate a data-driven conversation enabled
through Concirrus’ platform Quest
Marine that permits a more transparent,
fairer and tailored insurance premium,«
says Libaert.
Positive feedback
According to Eniram, the feedback from
the industry so far has been quite positive,
as owners could see the mutual benefits
obtained by having a shared view of
risk with their insurer. »These new connected
policies are optional, so owners
can stay with a traditional policy if they
choose to.
Making the same information visible
and transparent between the insured
and the insurer removes subjectiveness
and promotes proactive management of
risk by the operator,« says Libaert adding
that Concirrus is speaking with all of the
large marine insurers in the Lloyd’s and
London market. The company is working
on a number of proof-of-concepts
and will soon be able to make announcements
about new customers. They have
also teamed up with EY to accelerate adoption
of the technology. fs
HANSA International Maritime Journal – 155. Jahrgang – 2018 – Nr. 4 63