Rolls-Royce and AXA team up

Rolls-Royce and AXA team up

An insurance company is teaming up with a leading marine equipment manufacturer to explore how to develop ships of the future, with an eye on autonomous vessels.

Rolls-Royce and AXA Corporate Solutions have signed a Letter of Intent (LOI) to explore 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 support current sailing and future vessels.

Rolls-Royce Ship Intelligence products, including the recently launched Intelligent Awareness product, use a wide array of sensors onboard, streaming data, allowing AXA Corporate Solutions to deliver a new level of service to marine vessels.

Karno Tenovuo, Rolls-Royce, SVP Ship Intelligence said: “Many of our products are designed to improve performance and safety onboard. By working with AXA and their knowledge of risk we hope to further improve our customer’s operations. Insurers are a key part of our vision of the future and we are excited to have AXA, an equally innovative company join us on the journey.”

The 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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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