The Marine Insurer. June 2021. Issue 6

Page 44

44

MARINE | Digital technology In association with Waves Group

Digital revolution in FFO claims Dennis Kelly, (left) Director and Maritime Civil Engineer, and Julian Hodnett, Maritime Civil Engineer, Waves Group explain how the application of digital technology and data collection to the world of fixed and floating object (FFO) cases is having a dramatically positive effect for the company and wider market The integration of new digital sources of information and techniques into the investigation of fixed and floating object (FFO) cases has allowed Waves Group’s team of maritime civil engineers to maintain its position as the leading experts for many P&I Clubs and owners, and to further develop the FFO services on offer to the industry. FFO damage incidents range from the minor inconvenience of a lost fender to the major loss of an STS crane in a container terminal or a loading platform on an oil berth, resulting in significant business interruption (BI) claims. The early identification of the nature of the incident and potential impact on port operations is a critical first step in The Marine Insurer Americas Edition | June 2021

the management of the FFO claim. This is where digital technology and data collection has become a fundamental part of the investigation and ultimate resolution of FFO claims.

IMMEDIATE ASSESSMENT CASPARs (Casualty Preliminary Assessment Reports) are usually prepared by the lead discipline on a case, be they naval architects, mariners, marine engineers, crane engineers, offshore engineers, cable specialists or maritime civil engineers. Over the last few years CASPARs have become an integral part of Waves Group’s procedures when responding to a marine incident, including FFO. A CASPAR uses inputs from a broad but carefully chosen


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A market in flux

5min
pages 60-62

Data and safety

5min
pages 58-59

Digital transformation

4min
pages 56-57

Surveying

5min
pages 54-55

Arbitration

6min
pages 52-53

Digital technology

7min
pages 44-47

Data-driven underwriting

5min
pages 50-51

Firefighting at sea

4min
pages 42-43

Ever Given lessons

4min
pages 48-49

Latin America

5min
pages 36-39

Cargo data

5min
pages 40-41

Risk modelling

3min
pages 34-35

Personal injury

8min
pages 30-33

P&I

5min
pages 14-17

Offshore wind

7min
pages 26-29

Piracy in the Amazon

5min
pages 18-19

California oil spills

5min
pages 8-9

Crew safety

6min
pages 20-21

The US LNG boom

9min
pages 10-13

Latin American economy

6min
pages 6-7

Pollution risk

5min
pages 4-5
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