Rolls-Royce (RR) and AXA Corporate Solutions have signed a Letter of Intent (LOI) to explore ways in which they can combine their respective products to increase levels of remote control and automation.
The cooperation is to utilise RR Ship Intelligence systems and equipment and AXA’s risk analytics capabilities to support current sailing and future vessels.
Intelligent Data to Manage Risks
RR Ship Intelligence products, including Intelligent Awareness, Energy and Health Management products, use a wide array of sensors on-board, streaming data. AXA can use this data to improve risk management on board.
This data may also be used by AXA to manage risks currently covered by their Hull and Machinery insurance, as well as new types of products and services to support customers in volatile and difficult shipping markets. AXA is currently working on insuring autonomous cars and this knowledge will play a key part in establishing standards for insuring autonomous ships.
Towards Unmanned Ships
In the longer term, Rolls-Royce and AXA will look at the changing risk profiles of maritime operations driven by increasing levels of remote control and automation, as well as new maritime business models enabled by unmanned ships.
Picture by RR.
