Concirrus, an AI-powered insurance coverage danger analytics supplier, has teamed up with OceanMind, an organization specialising in maritime compliance and emissions knowledge.
This collaboration aligns with Concirrus’ environmental, social and governance (ESG) technique, initially specializing in emissions monitoring for insurers and safety & indemnity (P&I) golf equipment with decarbonisation targets.
Concirrus will be capable of faucet into OceanMind’s ten years of experience in marine enforcement and emissions monitoring, delivering insights for insurers, underwriters and P&I golf equipment.
OceanMind’s knowledge options provide emissions modelling for the worldwide transport fleet, offering insights on compliance with carbon depth indicator rankings and the Poseidon rules.
The partnership empowers insurers utilizing Concirrus’ ESG module to trace portfolio efficiency towards trade benchmarks and make knowledgeable underwriting selections primarily based on sustainability metrics.
By aligning with the Poseidon Rules, a world framework for assessing and disclosing the local weather affect of ship financing and underwriting, it ensures insurers can successfully meet their sustainability targets.
Concirrus product director James Whitlam mentioned: “Our collaboration with OceanMind marks a big milestone in our ESG journey. By integrating OceanMind’s strong emissions knowledge into our ESG module, we allow insurers to evaluate fleet sustainability with higher accuracy, align with evolving trade rules and generate complete disclosure reviews.”
OceanMind founder and CEO Nick Clever mentioned: “Concirrus is on the forefront of data-driven transformation in maritime insurance coverage, and we’re thrilled to associate with them to reinforce ESG capabilities within the sector. For a lot of transport and maritime firms, emissions knowledge and actionable compliance intelligence is now way more than a ‘nice-to-have’; these insights have change into more and more materials as new rules come into play and ESG targets are set.”
In September 2024, Concirrus additionally partnered with the 90 North Basis to additional broaden its ESG targets, specializing in the safety and sustainable administration of the Arctic Ocean.
