AI for Marine Insurance
AI-Powered Cargo Risk Analysis
Assess cargo risk based on type, route, vessel, and historical claims data to reduce losses, optimize premiums, and prevent high-risk shipments.
The Challenge: What's Inside the Box?
Insuring marine cargo is filled with uncertainty. The risk profile changes dramatically based on the type of goods, the chosen route, the specific ports of call, and the vessel itself. Accurately pricing this complex web of risk is a major challenge for underwriters, and miscalculations can lead to significant losses.
The Marinode-AI Solution
We bring clarity to cargo risk. Our AI platform synthesizes dozens of data points to provide a clear, data-driven risk score for each shipment, empowering your underwriters to make smarter, more profitable decisions.
Our AI analyzes historical claims data to assign risk scores to different cargo types, from perishable goods to hazardous materials, allowing for more nuanced underwriting.
Assess the risk associated with specific shipping lanes and ports, factoring in historical data on theft, damage, and delays to provide a comprehensive view of voyage risk.
For high-risk shipments, our system can recommend specific loss prevention measures, such as enhanced security or specialized packaging, which can be used as conditions for coverage.
Integrate with IoT sensors on containers to monitor conditions like temperature, humidity, and shock in real-time, providing early warning of potential damage and reducing claims.
Price Your Premiums with Precision
Discover how our cargo risk analysis tools can help you reduce your loss ratio, write more profitable business, and better serve your clients.