The International Union of Marine Insurance emphasizes the pivotal role of data in revolutionizing marine insurance, citing the transmission of 500 million signals daily as a valuable resource for green shipping. The key stakes for marine insurers include meeting client expectations by providing transparent risk indicators, identifying emerging risks in a complex global landscape, and mastering the challenges of data automation. The article underscores the importance of addressing risks and green shipping considerations simultaneously, leveraging powerful data science tools for a de-risked energy transition. Collaboration between insurers and insurtechs is highlighted as essential for achieving profitability and sustainability, with the expectation that future marine insurance portfolios will integrate both risk and green shipping performance indicators.

SOURCE:GOOGLE