Miller joins Clearwater Dynamics for Ukraine marine war risks monitoring

Specialist re/insurance broker  Miller will team with vessel-tracking and risk-mitigation firm Clearwater Dynamics to enable full war risks insurance coverage for vessels operating in the Black Sea.

The offer will bring in Clearwater’s technology for vessel tracking combined with 24/7 operations room monitoring and vessel reporting in the grain corridor and in port. Insurers and underwriters will have live oversight of their exposures in the area in real time.

Lloyd’s and A-rated London market insurers will provide the insurance capacity.

Nick Summers, head of direct marine at Miller, said: “We have been able to show the huge real world impact that insurance can have by combining technology with deep sector expertise. By using [Clearwater Dynamics] CWD technology and operational support we can give underwriters the information they need to insure vessels as they travel through the corridor.”

Trevor Soar, advisor to the Clearwater Dynamics board, said: “By substantially enhancing confidence in the knowledge that vessels are being actively monitored whilst operating in a War-Risk area, this partnership will help enable safer passage of merchant ships from Ukraine and facilitate movement of grain to support a growing humanitarian need for grain export.”

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