A conceptual design by Rolls-Royce of an 1,000 TEU unmanned feeder vessel. Image credit: Rolls-Royce
Rolls-Royce and risk management firm AXA Corporate Solutions on Monday announced they have signed a Letter of Intent (LOI) to explore ways to jointly develop risk management products for autonomous shipping.
Under the LOI, the company’s will seek ways in which they can combine their respective products to bring a new offering to the marine market, utilising Rolls-Royce Ship Intelligence systems and equipment and AXA’s risk analytics capabilities to current and future vessels.
Rolls-Royce Ship Intelligence products, including the recently launched Intelligent Awareness product, use a wide array of sensors on-board, streaming data, allowing AXA Corporate Solutions to deliver a new level of service to marine vessels.
Rolls-Royce Ship Intelligence currently offers Intelligent Awareness, Energy and Health Management products, which utilise data and analytics to support maritime operations and provide a new level of insight.
This data may also be used with 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, which is expected to play a key part in establishing standards for insuring autonomous ships....MORE