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Protection and Indemnity Is Ripe for a Technological Revolution

In this maritime article, Richard Adler, Head of Protection and Indemnity (P&I) at Marsh, tells TradeWinds how technological innovation is reshaping the shipping and marine industries and, in turn, their insurance and risk mitigation strategies.

The article highlights that one area ripe for positive technology-driven change is P&I insurance. Traditionally a less transactional and more advisory-driven business, P&I’s broking approach is fast becoming outdated.

According to Richard: “Technology innovation and data sharing must be embraced by P&I Clubs to drive the “next level” of loss prevention.”

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