George Devereese, Product Management Director: S&P Global Market Intelligence: Shining light on dark shipping activity (326)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 27 October 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How do you shed light on ‘dark shipping activity’? S&P Global Market Intelligence aims to support insurers throughout the entire insurance value chain by providing critical data and insights. Matthew Grant is joined by George Devereese, who monitors and tracks shipping around the world to screen them against various forms of liabilities. This data is passed onto markets such as the insurance world, to build a better and fuller picture for the insurance contract. A key aspect of this process involves identifying and understanding the risks associated with illicit or ‘dark’ shipping activities. Key talking points include: How are the analytics provided helping insurers? Why all navigation is a timestamp. What is AIS and how can it help an insurer understand a ship’s history? Understanding a ship’s risk - from tracking to insurance contracts Driving frigates and hunting pirates - George’s time in the Navy On becoming ‘dark’ - are there exemptions to turning off AIS? Collaborating with Concirrus Cross pollination of data - understanding a bigger and better picture for underwriting risk New launches in S&P Global Market Intelligence’s portal looking ahead to the future If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Describe how data on a ship’s movement can better inform an underwriter’s decision Explain what an AIS is, why this can be manipulated by some vessels, and how this affects the underwriter Define dark shipping activity and why it is important to understand its implications in insurance If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 326 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

Click on a timestamp to play from that location

0:00.0	Good morning, good afternoon and welcome back.
0:11.9	Zoya, podcast producer here.
0:13.7	We take you to the high and mighty seas this week with S&P Global Market Intelligence on the podcast to introduce us to the concept of dark shipping activity.
0:22.9	Matthew Grant returns his host with George Devereux, product management director,
0:27.6	who supports insurers by providing key insights on world in commercial shipping.
0:32.3	We touch on George's past life on the seas being in the Navy, the concept of dark shipping,
0:37.0	and how S&P global market
0:38.9	intelligence supports insurance throughout the whole value chain. Well, if you're not already familiar
0:43.4	with INSTECH, where we provide insurance intelligence for the curious, take a look at INSTECH.com
0:48.7	to find out what we know and how we can help you. That's pretty much it. Now let's see what
0:53.3	George had to say.
1:05.4	George, great to have you back. You're a bit of a podcast regular now with us. But just for those that don't know you, what are you up to at S&P. Thank you, Matthew. So my name's George Devereese.
1:10.3	I'm the director of product management
1:12.2	for our maritime risk and compliance suites of products at S&P Global. It means that I monitor
1:19.2	and track world shipping, all commercial shipping around the world, and screen them against
1:23.7	sanctions liability and pass that data onto market such as student insurance world.
1:28.3	Fantastic. And actually, not only do you do that now, but you've got past experience of
1:31.7	actually being out in the world of shipping directly yourself on board ships. It's always good
1:35.4	to have someone that's been there. First time we might touch on that later on. But I've also
1:39.2	got a bit of surprise for you because we've now got our digital intern who's going to be released to the world shortly,
1:46.7	but I went and asked them, what do they know about S&P?
1:50.2	And this is what they came back and said.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from InsTech, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of InsTech and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.