By using more detailed data in this way, it’s hoped insurers and brokers working with TransRe will be able to take a more calculated risk on the vessels they insure. Reinsurer Transatlantic Re will collaborate with marine insurtech Concirrus to develop data - driven reinsurance programmes for marine insurers . Concirrus ’s Quest for Risk software uses internet - of - things technology , and will combine data such as ships ' speed and condition with third - party information to generate highly calculated risk profiles for vessels .
Reinsurer Transatlantic Re will collaborate with marine insurtech Concirrus to develop data - driven reinsurance programmes for marine insurers . Concirrus ’s Quest for Risk software uses internet - of - things technology , and will combine data such as ships ' speed and condition with third - party information to generate highly calculated risk profiles for vessels .