Revealing the risks: Inside shipping and containers
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.
Instech's Matthew Grant 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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