Marine Salvage Co / Global Salvage Sales’ Post

Great news! I am excited to unveil our latest product in the PropertyTech space! Our solution is designed to fill the gap in property compliance, making it easier to secure insurance, lending, and conduct thorough due diligence on your next property purchase. Whether you're a property owner or investor, we're here to provide accurate, reliable support for all your asset needs. Head over to our page and follow the links below to stay updated on how we’re transforming property as-built compliance! #PropertyTech #Compliance #Innovation

Peter Elson provides an update in our latest edition of Plane Talking on the #Space insurance market. Despite recent underwriting stress and large losses, capacity remains ample, especially for traditional risks. However, underwriters face pressure to demonstrate a path to profitability, leading to cautious deployment of capacity for new technologies and high-risk programs. Find out more: https://bit.ly/4bd7vvD

Report: Insurance and Finance – User Needs and Requirements (EUSPA 2023) #SpaceEconomy #NewSpaceEconomy #NewSpace #Space

🚨 #GlossaryAlert - Jettison is one of many fascinating #insurance terms with its ties to #MarineInsurance policy. Curious to know more? Navigate Jettison: https://bit.ly/4cTIfwb . . . #TheFinpage #marine #cargo #sea #transport #glossary #definition #property #loss #coverage #policy

We're thrilled to share the announcement today that Orion180 has signed a multi-year agreement to begin using our #aerialimagery and #propertyanalytics to better support their #underwriting and #claims operations. As their COO, Ryan Jesenik shared: "Our partnership with Vexcel is significant. By integrating their cutting-edge aerial imagery and property analytics into our operations, we are enhancing our ability to deliver faster, more accurate underwriting and claims services." Read all about this exciting development below! #insurance #dataanalytics #aerialdata #damageassessment

Exciting news as we welcome Orion180 into the Vexcel group! Read all about their decision to enter into a multi-year agreement to support their #underwriting and #claims operations with high-resolution #aerialimagery and #propertyanalytics.

I presented a self-inspection demo a few months ago, after responding to an RFP from a large regional P&C carrier - think Top 25 in the US. 🌎 Like many P&C companies, they've posted growing underwriting losses for the past two years, and a combined ratio climbing over 119 in 2023. 💸🤯 They're obviously looking for solutions to slow and ultimately reverse the current underwriting performance trajectory. The demo went well, and I shared the positive performance of several of our existing carrier partners, who are leveraging self-inspection to help combat the growing risks of their aging property portfolios. 🏚 I finally heard back from them earlier this week. "We appreciate the demo and time spent with us. We've determined that other proposed solutions are a better fit for us at this time." Bummer. You can't win them all. 😅 But the next line really caught my attention. "We wanted you to know that we have interest in the use of drones to perform inspections." I nearly choked on my sip of morning cider. Drones are not the answer for personal lines underwriting. 🤦😑 Do they look cool? Absolutely! 😎 Valuable for claims and commercial lines? Yes! 💯 Sound innovative in a report to executive leadership? Certainly! ✅ Do they economically and sustainably address the major causes of carrier's underwriting woes in personal lines? Absolutely not. 😣 Huge kudos to this carrier for the courtesy email letting me know they were going a different direction. I can count on two fingers✌the number of times this has occurred. Typically you never hear anything and always wonder what happened. 😶 I sent a tactful response, grateful for the opportunity to participate in the RFP, and wishing them the best in their efforts. I truly hope I'm wrong, but I fear underwriting performance will continue to suffer without a major shift in their strategy. Time will tell! 🙏 #underwriting #innovation #insurance #insurtech #selfinspection

"Our video, featuring photo albums taken by our surveyors, takes you behind the scenes of some of the surveys we carried out in September 2024. Have a good time! #vefmarine #survey #lossprevention #vessel #port #maritime #shipping #marinesurvey #cargo #conditionsurvey #cargosurvey #damagesurvey #Insurance #photoalbums #protectionandindemnity #September

How can insurers (and reinsurers) help the world navigate the choppy waters ahead? Urs Baertschi, CEO Property & Casualty Reinsurance at Swiss Re, joined Philip Vermeulen from EY and Alison Martin from Zurich Insurance to discuss big picture topics like finding ways to protect more and address changing customer needs, embedded insurance and potential effects of generative AI. 🎧Tune in here: https://ow.ly/rxf330sB4ZY.

How can insurers (and reinsurers) help the world navigate the choppy waters ahead? Urs Baertschi, CEO Property & Casualty Reinsurance at Swiss Re, joined Philip Vermeulen from EY and Alison Martin from Zurich Insurance to discuss big picture topics like finding ways to protect more and address changing customer needs, embedded insurance and potential effects of generative AI. 🎧Tune in here: https://ow.ly/JvM830sBaHI.