#London #UK #ESG criteria #Concirrus #Hellenic Hull

Concirrus Partners with Hellenic Hull for Enhanced ESG Adoption

In a significant move for the insurance industry, Concirrus has announced its collaboration with Hellenic Hull Management, a leading organization in maritime insurance management. This partnership is set to revolutionize how insurance underwriting is approached by integrating advanced Environmental, Social, and Governance (ESG) criteria into the process.

As the world becomes increasingly aware of the importance of sustainability, regulatory frameworks regarding emissions and environmental impact are tightening. This shift is particularly impactful for marine insurance companies, which face pressure to align with international standards such as MARPOL and voluntary initiatives like the Poseidon Principles for Marine Insurance. By adopting Concirrus's state-of-the-art ESG module, Hellenic Hull aims to not only comply with these regulations but also take a proactive stance on sustainability.

The integration of Concirrus's AI-based analytics, combined with leading industry emissions data from OceanMind, will empower Hellenic Hull to assess and enhance the sustainability of its fleet. James Whitlam, Product Director at Concirrus, emphasized this partnership's significance by stating, "Our collaboration with Hellenic Hull underscores the industry's commitment to sustainable underwriting. By integrating our ESG module, which is informed by OceanMind's emission intelligence, we equip insurers with the necessary tools to navigate evolving regulations and make impactful environmental changes."

The capabilities provided by Concirrus will allow Hellenic Hull to measure the alignment of its insured portfolio with international emission regulations effectively. This transition is expected to promote transparency and encourage responsible practices across the maritime industry.

Ilias Tsakiris, CEO of Hellenic Hull, expressed the company’s long-standing dedication to ESG principles. "The ESG module from Concirrus provides valuable insights that assist shipowners in monitoring their carbon footprint while ensuring regulatory compliance. For over 30 years, our strategy has been rooted in ethics, adaptability, and sustainability—values that we strive to pass down. Looking ahead, it is essential to leverage technology effectively to prepare for and contribute to a more sustainable world."

This partnership signifies a critical step towards making data-driven sustainability a priority in the insurance sector. As Concirrus integrates ESG-focused analytics into underwriting processes, Hellenic Hull positions itself as a leader in responsible marine insurance.

About Concirrus

Concirrus specializes in innovative technology for specialty and commercial insurance, transforming traditionally labor-intensive underwriting processes into quick, quotable decisions within seconds. Covering various sectors, including property, casualty, aviation, transportation, marine, and construction, the company enables smarter risk selection, faster quoting, and more profitable business portfolios. Leading insurers worldwide trust Concirrus for their underwriting needs. More details can be found at Concirrus.

About Hellenic Hull

Established in 1994, Hellenic Hull Management (HMIA) Ltd. is a pioneering entity in maritime insurance management, leveraging extensive market knowledge and technical expertise supported by a global brokers’ network. Since 2016, it has allied with prominent International Group PI Clubs and global insurers, demonstrating the company's commitment to maintaining credibility, stability, and a strong reputation in the industry. More information can be found at Hellenic Hull.