George Devereese, Product Management Director: S&P Global Market Intelligence: Shining light on dark shipping activity (326)

2024-10-27

How do you shed light on ‘dark shipping activity’? S&P Global Market Intelligence aims to support insurers throughout the entire insurance value chain by providing critical data and insights. Matthew Grant is joined by George Devereese, who monitors and tracks shipping around the world to screen them against various forms of liabilities. This data is passed onto markets such as the insurance world, to build a better and fuller picture for the insurance contract. A key aspect of this process involves identifying and understanding the risks associated with...

How do you shed light on ‘dark shipping activity’?

S&P Global Market Intelligence aims to support insurers throughout the entire insurance value chain by providing critical data and insights.

Matthew Grant is joined by George Devereese, who monitors and tracks shipping around the world to screen them against various forms of liabilities. This data is passed onto markets such as the insurance world, to build a better and fuller picture for the insurance contract.

A key aspect of this process involves identifying and understanding the risks associated with illicit or ‘dark’ shipping activities.

Key talking points include:

How are the analytics provided helping insurers?
Why all navigation is a timestamp.
What is AIS and how can it help an insurer understand a ship’s history?
Understanding a ship’s risk - from tracking to insurance contracts
Driving frigates and hunting pirates - George’s time in the Navy
On becoming ‘dark’ - are there exemptions to turning off AIS?
Collaborating with Concirrus
Cross pollination of data - understanding a bigger and better picture for underwriting risk
New launches in S&P Global Market Intelligence’s portal looking ahead to the future

If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.

Continuing Professional Development

This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:

Describe how data on a ship’s movement can better inform an underwriter’s decision
Explain what an AIS is, why this can be manipulated by some vessels, and how this affects the underwriter
Define dark shipping activity and why it is important to understand its implications in insurance

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 326 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.

To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

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