Marsh is set to apply dynamic data analysis of shipowner behaviour to protection and indemnity insurance broking in a bid to reduce claims — but the move is in sharp contrast to the strategy of JLT, which it is currently in the process of taking over.
The marine industry’s largest P&I broker introduced the strategy after signing a deal with telematics data provider Concirrus, which uses live vessel trading data and historic claims records to better inform underwriters in analysing risk.
