Risk Intelligence signs an agreement for the Risk Intelligence System with major Protection and Indemnity insurer
28 September 2020
Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces today that the company has signed an agreement with a major Protection and Indemnity insurer for the Risk Intelligence System.
The insurer is one of the largest of the thirteen members of the International Group of P&I Clubs. Its clients include shipowners and operators, shipyards, and companies involved in the upstream oil and gas markets, as well as wind farm operators.
Jim Pascoe, Chief Commercial Officer of Risk Intelligence says:
“Our System is being increasingly used by those at the forefront of marine insurance, always looking for ways to offer better service and value to their members. As such, we are delighted that this major insurer selected the Risk Intelligence System. We are really looking forward to working with their Loss Prevention team, providing them with timely and accurate intelligence, so they can assist their clients, armed with the very best security situational awareness.”
With access to the Risk Intelligence System, they will be joining many other shipping organisations, operating worldwide, that are assessing security threats and risks based on intelligence and in-depth assessments from Risk Intelligence. Today, 14.7% of the global merchant fleet in international traffic is operated by Risk Intelligence clients.
The Risk Intelligence System
The license agreement provide access to the Risk Intelligence System (MaRisk+PortRisk) through a subscription where the client in advance pays for access to the system for twelve months. In general, the Risk Intelligence System license agreements create recurring revenue and generates strong cash flow for the Company.
The Risk Intelligence System is a digital security intelligence solution that has been developed in close collaboration with global businesses established in the fields of shipping, offshore, oil and gas. The digital platform has been designed based on customer needs along with the experienced security risk analysts and developers at Risk Intelligence. The Risk Intelligence System offers customers a complete picture of immediate, short- and medium-term security risks for coastal areas, ocean, port and landside threats.
The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts and any the interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area. This makes it possible for companies to evaluate both current and future security risks with the purpose of minimising risks affecting their operations.
For more information about Risk Intelligence, contact:
Hans Tino Hansen, CEO
Jim Pascoe, CCO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu