Insurwave partners with Ambrey for maritime risk solution

Insurwave, a London-based insurtech platform, has announced a strategic partnership with Ambrey, a global player in maritime security risk management. The collaboration aims to deliver an integrated solution that combines advanced specialty insurance technology with maritime risk management and domain awareness.

With geopolitical risks increasingly impacting maritime trade, this partnership is positioned to provide comprehensive solutions for marine insurance and risk management. The new offering seeks to equip insurance professionals with real-time threat alerts, enhanced security and risk data, and streamlined exposure management. All of these features will be accessible on a single platform.

Stefan Schrijnen, Chief Commercial Officer of Insurwave, highlighted the importance of this collaboration. "In a world faced with increasing uncertainty, we are committed to providing insurance professionals with a real-time view of their data in one place, equipping our clients with the certainty necessary to make better-informed decisions and take a forward-looking view of their risk. Through partnering with the market leader in maritime security and risk, we do exactly that for marine insurance," Schrijnen stated.

John Thompson, Commercial Director of Ambrey, also commented on the significance of the partnership for the maritime industry: "This partnership marks a significant milestone for the maritime industry. At Ambrey we are revolutionising maritime domain awareness by combining new technology with unique data generated by our global operations, enhanced by the expertise and perspectives from our 14 years in the industry. This combination sets a completely different benchmark for maritime risk management and loss prevention."

"Our clients will benefit from some of the most advanced security solutions in the maritime risk market, ensuring safer and more secure maritime operations connected to the market-leading specialty insurance platform," Thompson said.

The combination of Insurwave's specialty insurance technology and Ambrey’s maritime risk management services is expected to set a new standard in maritime security, risk management, and marine insurance. Both companies bring complementary strengths to the table, providing insurance professionals, risk managers, underwriters, and exposure managers with a comprehensive and global view of maritime risks and threats.

Insurwave’s platform offers a fully integrated exposure management capability that enables insurers, brokers, and insurance buyers to share a single view of risk. The platform, which utilises artificial intelligence technology, aims for a seamless exchange of up-to-date and uniform data across all parties in the insurance value chain.

Ambrey leverages its extensive experience in digital and operational maritime security services. The company’s global operations generate unique data that, combined with the new technology from the partnership, set a high benchmark for maritime risk management and loss prevention.

Insurance professionals leveraging this new platform will have access to real-time threat alerts, enhanced security and risk data, and detailed insights into risk aggregation, all from one integrated system. The partnership promises to improve decision-making processes and provide a forward-looking perspective on risk for the marine insurance industry.