George Devereese & Turloch Mooney: IHS Markit: Revealing the risks: inside shipping and containers (169)

InsTech - insurance & innovation with Matthew Grant

The global pandemic and the shutdown of the Suez Canal in March highlighted the importance of the global supply chain and the risks involved in shipping goods around the world.

Tracking what happens at sea is a major challenge, however, innovations in data and technology are now allowing insurers and businesses to track ship and cargo movements from start to finish.

Matthew is joined on Podcast 169 by George Devereese and Turloch Mooney from IHS Markit, a global data provider and the primary source of information on vessels being used for international trade.

The conversation covers how technology is being used in the real-time monitoring of vessels and the data and analytics IHS Markit provides to marine insurers to assist with underwriting, risk allocation, and claims investigation/mitigation.

Talking points include:

• The main risks involved in container ship journeys
• How sensors are being used to track individual cargo containers
• Using data to forecast global supply chain delays
• Partnering with insurers and accessing IHS Markit data
• The next steps in supply chain and marine insurance innovation

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Continuing Professional Development - Learning Objectives

InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme.

The Learning Objectives for this podcast are:

• Describe how maritime shipping data can be used in insurance
• Compare some of the possible ways to track containers
• Identify some of the additional uses of maritime shipping data

If your organisation is a member of InsTech London and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 169 page of the InsTech London website or email [e-mail] to let us know you have listened to this podcast.

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