Insurer Launches Heavy Weather Alert Tool to Mitigate Maritime Risks and Reduce Claims

Insurer Releases Heavy Weather Alert Tool
The Swedish Club, a maritime insurance specialist, has reported over $25 million in claims due to heavy weather incidents in the past five years. To address this issue, they have introduced a new Heavy Weather Alert tool to provide timely loss prevention advice to insured vessels operating near severe weather patterns.
Share it now

The Swedish Club, a maritime insurance specialist, has reported claims exceeding $25 million due to heavy weather incidents in the past five years. To address this issue, they have introduced a new Heavy Weather Alert tool as an extension to their existing loss prevention measures. Heavy weather conditions can lead to various damages such as structural damage, shifted cargo, broken mooring lines, wet damage, and lost cargo overboard. The Club has witnessed cases where vessels failed to suspend cargo operations and leave port promptly when severe weather approached, resulting in significant losses and claims.

The Heavy Weather Alert tool provides timely loss prevention advice to insured vessels operating near severe weather patterns. By utilizing a vessel’s position, along with current weather data and real-time information, the system automatically generates customized alerts with practical advice when severe weather conditions are detected in the vicinity of a vessel. This proactive approach aims to reduce potential risks and ensure the safety of both crew members and cargo. The service was developed internally by The Swedish Club’s Loss Prevention and IT departments.

In conclusion, The Swedish Club’s new Heavy Weather Alert tool is designed to assist vessels in mitigating risks associated with heavy weather conditions. By offering tailored loss prevention advice based on real-time data, the tool aims to prevent potential damages and ensure the safety of crew members and cargo. Developed in-house by the Club’s dedicated departments, this tool reflects their commitment to enhancing safety measures for insured vessels operating in challenging maritime environments.

Source

 

Share it now