AI-driven insurance risk analytics provider Concirrus has joined forces with OceanMind, a maritime compliance and emissions data specialist, to improve emissions tracking for insurers and protection & indemnity (P&I) clubs with decarbonisation targets.
The partnership allows Concirrus to leverage OceanMind’s decade of experience in marine enforcement and emissions monitoring, providing insurers, underwriters, and P&I clubs with enhanced insights. OceanMind’s data solutions offer emissions modelling for the global shipping fleet, supporting compliance with carbon intensity indicator ratings and the Poseidon Principles—a global framework for assessing and disclosing the climate impact of ship financing and underwriting.
Insurers using Concirrus’ ESG module will be able to track portfolio performance against industry benchmarks and make underwriting decisions based on sustainability metrics. The integration is expected to support firms in meeting evolving regulatory requirements and producing comprehensive disclosure reports.
Concirrus product director James Whitlam described the collaboration as a key development in the company’s ESG initiatives, enabling insurers to assess fleet sustainability more accurately. OceanMind founder and CEO Nick Wise highlighted the growing importance of emissions data and compliance intelligence in the maritime sector, noting that such insights are becoming critical as new regulations take effect.
The partnership follows Concirrus’ collaboration with the 90 North Foundation in September 2024, which aimed to expand ESG efforts by focusing on the protection and sustainable management of the Arctic Ocean.
