Sarah Bourke, CEO & co-founder, Skytek
From checking on crew and shipping assets trapped by conflict, to tracking superyachts owned by sanctioned Russians, the possibilities of space insurtech for re/insurers are huge, says Skytek’s CEO.
When Ukraine was invaded by Russia in February 2022 certain vessels and their crews were trapped in and around the country’s Black Sea ports.
Communications between the ships’ captains and owners were still possible, but what was not immediately clear was the risk the conflict posed to the crews and their ships.
“What the insurance industry wanted to understand was where the vessels were and what kind of condition they were in,” Sarah Bourke, chief executive and co-founder of satellite specialist insurtech Skytek told Intelligentinsurer.com.
Skytek, Russia-Ukraine Crisis, War Damage, Insurance, Reinsurance, Sarah Bourke, Ukraine, Europe