Every day, ships trading internationally face a range of threats and risks, stretching from cyber-crime and piracy to groundings and damage to assets.
For the maritime insurance sector, access to accurate and reliable data is essential to help quantify these risks and create the best insurance products to support their customers. This starts with understanding the route a ship will take and the many factors that could affect that route, including quality of hydrographic data, tides, sea conditions, offshore infrastructure and construction, shipwrecks, weather conditions and piracy risks.
At the UK Hydrographic Office, we hold this information and a wealth of additional data for the world’s international trading routes. When this data is blended, assessed and displayed correctly, it can provide valuable insight into risk and asset management not yet available over a large geographic area and historic period.
Your challenge is to identify, trial and prove how official marine geospatial data can be used to help build more accurate risk models that can lead to even better underwriting decisions and improved maritime insurance products.
Read our full Blue Economy report on the Maritime Insurance sector >
Entrants will get access to world-leading ADMIRALTY data, with winners recieving support from UKHO to develop their solution
What you'll receive
As providers of world-leading, official and compliant navigation products, the UKHO will offer entrants a range of marine geospatial data to develop new solutions.
Find out more about the data sets we'll provide >
The winner will receive 12 weeks of hands-on support and ADMIRALTY data from the UKHO, valued at around £75,000, to develop an alpha product to test in the maritime risk and insurance market.
Find out more and enter >