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Data Analysis and Insights

 

Data drives everything we do at the Standard Club − from rating, reinsurance and compliance to claims, loss prevention and communications. 

We gather vast amounts of global data, apply progressive technology and expertise to better understand risk, and to identify trends that we feed back to our members, brokers and staff.

In addition to the experiences of our diverse membership, our state-of-the-art data capability integrates information from many other sources including:

  • live AIS data
  • recent incident reports (including piracy)
  • tide and weather station feeds
  • sanctions and regulatory updates
  • port statistics
  • health alerts
  • travel advisories
  • cargo bulletins

This information and insight is used to provide members with real-time risk advice and alerts, helping them to trade as safely as possible and to mitigate their operatational risks.

The data scientists in our actuarial team also build models that support pricing decisions, helping  the club to offer attractive pricing service to members, and to maintain its strong financial position.