Page 70: of Maritime Reporter Magazine (October 2019)

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TECH FILES

New Online Marine Insurance Program 360 Coverage Pros poised to modernize the professional liability insurance buying experience for mariners.

360 Coverage Pros launched a new Marine Li- operators, either directly or through their insurance cense Insurance Program for mariners that offers broker, can place coverage on a group basis for their an online buying experience, low monthly payment licensed of? cers, often at discounted rates.” The options and instant proof of coverage. program offers mariners up to $2 million in protec-

ABB

With the new Marine License Insurance Program tion with premiums starting as low as $25.83 per from 360 Coverage Pros, U.S. Coast Guard licensed month with a down payment of $65.87.

ABB Digitial to Cut Fuel Costs mariners can put “A+” rated coverage in place in Coverage options are available for: Blue Water

ABB secured its ? rst contract for ABB Ability Teko- minutes “Before I entered the marine insurance in- Of? cers; Brown Water Of? cers; Great Lakes Of? - mar XPERT for ? eet of 55 vessels with Hamburg based dustry, I myself was a licensed mariner and continue cers; and, Passenger Vessel Of? cers ship manager CPO Containerschiffreederei (CCPO), to maintain my license today,” said Brian Murphy, Coverage is also available for deck department which offers ship management for 111 of own and

SVP and Head of Marine at Berkley Offshore Un- and engine department professionals for the fol- third-party ships. The latest Tekomar XPERT for ? eet derwriting Managers. “In today’s increasingly liti- lowing license grades: Master, Chief Mate, Second web application was launched in June 2019. Tekomar gious society, I see this product as an important tool Mate, Third Mate, Mate, Chief Engineer, Second

XPERT for ? eet, features an easy-access web appli- for mariners to protect their livelihood and careers.” Engineerand Designated Duty Engineer cation interface, which provides insight into engine “For a long time, the insurance solutions available This Marine License Insurance Program is under- performance from ? eet to vessel level through key to professional mariners have been limited,” said Ja- written by Berkley Offshore Underwriting Manag- performance indicators (KPIs) such as engine health, son Rogers, head of Business Development for 360 ers, a member company of Berkley, whose member optimization potential and ? eet performance bench-

Coverage Pros. “The challenge mariners have faced insurance companies are rated A+ (Superior), Fi- marking. less of engine make, type and age. Ships and in the past is the time-consuming process of search- nancial Size Category XV by A.M. Best Company.

? eets are listed according to current performance and ing for the best coverage and price only to struggle 360 Coverage Pros is administered by Gallagher, provide the technical management with an immediate with a cumbersome quoting and application pro- a global insurance brokerage, risk management and indication on their status. Tekomar XPERT can be used cess. Using our online technology, professionals consulting services ? rm.

with any diesel or gas engine, irrespective of manufac- in the marine industry can now easily select their For more information visit: turer, type, age or size. There is no hardware to install www.360coveragepros.com/ coverage, complete an application and have proof of and the application can be dropped into the shipping marine-license-insurance insurance in literally minutes. Additionally, vessel company’s normal IT system. It is subscription-based solution. More than 1,500 vessels have been equipped with the software to date.

Oceans X enables users to monitor In addition, subscribers of the full vessel activity in real-time, view port platform get access to premium fea-

Track Cargo Movements arrivals and port congestion, see voy- tures where they can: age history, calculate distances from vessels to ports and forecast short-term ? Track and monitor Vessels’ move- with Ocean X vessel movements. Oceans X is a new ment, web-based platform that allows a wide variety of users such as port agents, ? View Vessels at Port and port con- bunkers suppliers, port chandlers, port gestion, authorities, banks and others to track and monitor tankers and dry cargo ves- ? See which vessels are expected at sels globally and in real-time. Oceans ports and when,

X’s sophisticated vessel monitoring technology utilizes a combination of ? Check Bunker Prices at key ports , automatic identi? cation system (AIS), arti? cial intelligence (AI) and predic- ? Predict a vessel’s near future voy- tive data analytics to provide a supe- age, rior and enriching user experience.

Using Ocean X’s powerful Distance ? Analyze vessels from start to load tool feature, which is available to all to discharge port including their users for free, users can calculate dis- corresponding dates, jetties and tances based on a vessel’s current lo- ship-to-ship (STS) operations.

Photo: Ocean X cation, ports, or coordinates. Users

For a free 14-day trial or to sub- can also determine voyage duration by scribe to Oceans X, go to adjusting speed, routing points, SECA www.OceansX.com and piracy paths. 70 Maritime Reporter & Engineering News • OCTOBER 2019

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