Impact of Big Data & AI on Marine Cargo Insurance

Helpful Facts

  • 95% of global trade moves by sea—highlighting the need for reliable marine cargo insurance.
  • Smart containers have cut spoilage-related claims by 30–40%.
  • AI-driven claims tools reduce processing time by up to 50%.
  • Dynamic pricing has improved policy accuracy, reducing under/over-insuring by 25%.
  • Predictive analytics help identify high-risk shipping routes, enabling proactive rerouting and loss prevention.