The pitfalls of not keeping up

By 2030 any shipping company without high frequency sensor data and predictive intelligence will be uninsurable, warns Joy Basu, at Smart Ship Hub

A quiet but powerful shift is taking place in the maritime insurance landscape. As ship operators navigate a world of rising operational complexity, environmental regulation and financial scrutiny, underwriters are rethinking the very basis on which they assess and accept risk. In this new climate the ability to predict failure, not merely respond to it, is emerging as a defining requirement. By 2030 any shipping company that cannot demonstrate the use of predictive intelligence supported by high frequency sensor data may well be deemed uninsurable.