Shipping risk analytics powered by Ai
Sirius Constellation Limited is an Ai company focused on the maritime sector. It trades as NAiUS to provide solutions for insurance and industry.
Delivering insight into vessel-specific risks...
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How often will a vessel claim?
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How much might a vessel claim?
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What are the drivers of risk for that vessel?
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What's the aggregate risk of a fleet?
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Is one vessel owner, or manager, a higher risk than another?
Are we financing or insuring an asset that may have breached international sanctions?
Technology is enabling a transformation in marine underwriting...
Operational cost reductions
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Increased speed to price new business
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Big Data and AI analytics creating alternative risk methodologies alongside traditional actuarial claims and relationship based processes
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...increasing the relative accuracy of the pricing and improved selection of individual vessels and fleets
Models are created by latest academic talent informed by domain experts with decades of maritime command experience...
Using big data to highlight anomalies
A single portal allows stakeholders a view of all relevant data for a vessel or fleet:
Vessel position reports - from AIS (Automatic Identification System)
Satellite Imagery
Global Weather
Ship Inspections
Vessel Claims
Vessel Incidents
Port Records
Numerous underlying factors fall into line when a vessel has an incident
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Common sense dictates, and maritime investigations support, that environmental factors are material
We measure and monitor an ever-increasing number of factors pertaining to vessel behaviour, the environment, area of operations and corporate structures
An advanced data analytics platform that draws on multiple data sources and uses cutting-edge computer science, to provide the marine insurance industry with vessel risk predictions.
...to develop "The Shipping Forecast"
A forward looking risk model
6+
years of data
250,000
vessels a day
150,000
vessel years
of claims data
Producing a Risk Rating
An individual vessel Risk Rating is delivered from a proprietary algorithm including input from operational, geospatial, vessel details, ownership, claims history and others.
Enabling understanding of profitability of vessels, fleets, owners and operators
shipping risk analytics powered by Ai
What's different about us?
These artificial intelligence algorithms are enabled by our unique combination of academic talent, artificial intelligence engineering and maritime domain expertise.
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Our Big Data solution aggregates operational performance which allows underwriters a common-sense view of key data alongside traditional risk tools.
Our proven model delivers artificial intelligence derived claims risk rating, bringing actionable data to the core of the underwriting decision process.
Risk rating for new business can be assessed instantly, and communicated online. Pricing and portfolio management is dynamically managed according to model outcomes, whilst overseen by experienced underwriting talent.
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