Launch of the Poseidon Principles

By Brian MacInnes - January 17, 2022

Comment from Brian MacInnes, Chief Analytics Officer and James Whitlam, Data Strategist, Marine.

The introduction of the Poseidon Principles for Marine Insurance has heralded a significant step forward in addressing the issue of climate change. We recognise the important contribution the entire industry needs to make in enabling a standardised methodology for measuring decarbonisation efforts across the sector.    


At the core of ensuring the success of the Poseidon Principles for Marine Insurance will be an objective and data-driven approach to systematically assess, disclose, and ensure accountability for climate alignment. The approach of measuring and disclosing climate alignment with greater transparency strongly reflects the Concirrus ethos of leveraging data to bring complete visibility to insured assets. 


Technology and data-driven approaches to managing risk, which are also at the core of the capability which we deliver to the market through products such as Quest Marine, will undoubtedly continue to play a significant role in aligning with the key elements of these Principles. We will continue to engage with our clients and the wider marine insurance industry to ensure we are positively contributing to these efforts and help drive sustainable change. 


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