Lloyd's of London has partnered with marine analytics firm Windward to better assess marine risk. The specialist insurance market is hoping that by making use of data offered by Windward it can better determine incoming risks for insured vessels. "We are working closely with the shipping industry and other stakeholders on a number of initiatives including an initiative called 'Risk Assessment in the Shipping Industry', which will provide information about how risk assessment works at Windward's platform also gives underwriters claims analysis capabilities.
Lloyd's of London has partnered with marine analytics firm Windward to better assess marine risk. The specialist insurance market is hoping that by making use of data offered by Windward it can better determine incoming risks for insured vessels. Analysis may be able to determine if a ship is likely to sail through a region impacted by war or political conflict, for example. Windward's platform also gives underwriters claims analysis capabilities.