Concirrus and Hellenic Hull: A New Era in ESG Underwriting
In a significant development within the maritime insurance sector, Concirrus has announced a groundbreaking partnership with Hellenic Hull to enhance ESG (Environmental, Social, and Governance) underwriting practices. This collaboration marks an important step towards integrating advanced sustainability measures into the insurance industry, responding proactively to the rising regulatory demands surrounding eco-friendly practices.
The maritime insurance landscape is increasingly navigating the complexities of compliance with international regulations like MARPOL and voluntary initiatives such as the Poseidon Principles. Hellenic Hull joins a growing list of insurance providers looking to adopt state-of-the-art ESG modules developed by Concirrus. This partnership emphasizes Concirrus’s commitment to providing insurers with sophisticated analytics that facilitate sustainable decision-making.
Embracing Change in Maritime Insurance
James Whitlam, the Product Director at Concirrus, expressed enthusiasm regarding this new partnership, stating, "Our collaboration with Hellenic Hull underscores the industry’s expanding commitment to sustainable insurance practices. By integrating our ESG module, based on OceanMind's emissions database, we equip insurers with the necessary tools to adapt to evolving regulations while making a significant environmental impact." This statement reveals the proactive nature of Hellenic Hull, which is set to leverage AI-driven analytics to evaluate and enhance fleet sustainability by aligning with international emissions regulations.
Ilias Tsakiris, Managing Director of Hellenic Hull, also shared his thoughts on the significance of this partnership: "Hellenic Hull is dedicated to implementing ESG principles across all our business operations. The ESG module from Concirrus provides valuable insights that help shipowners monitor their carbon footprint while ensuring compliance with regulations. For over three decades, the core of our business strategy has revolved around ethos, adaptability, and sustainability—principles that have been passed down through generations. Looking forward, we must fully utilize technology's offerings to prepare for and contribute to a more sustainable future."
This collaboration is not merely a response to regulatory pressures but is indicative of the broader industry movement towards data-driven sustainability. By integrating ESG-centric analyses into underwriting processes, Concirrus and Hellenic Hull aim to set new standards for responsible maritime insurance.
About Concirrus
Concirrus stands at the forefront of technology for specialty and commercial insurance, transforming lengthy underwriting processes into instant, ready-to-offer decisions. With expertise spanning property, liability, aviation, transportation, marine, surety, construction, political violence, and terrorism sectors, Concirrus enhances risk selection, expedites quote generation, and enables more profitable business transactions. Insurers around the globe place their trust in Concirrus to deliver innovative solutions in a rapidly changing market environment. For further information, visit
Concirrus.
About Hellenic Hull
Hellenic Hull Management (HMIA) Ltd has been a leading force in maritime insurance management since 1994, known for its deep market knowledge and technical expertise. Supported by a global network of insurance brokers, Hellenic Hull has established itself at the forefront of the maritime insurance industry. Since 2016, they have actively collaborated with an International Group PI Club, an American PI Club, and from July 2024, with SiriusPoint—a global insurance and reinsurance provider catering to clients and brokers around the world. Their unique marketing strategy emphasizes credibility, stability, and the reputation of the company’s capital and capacity providers. More information can be found at
Hellenic Hull.
As ESG principles become central to business strategies, this partnership signifies a symbiotic relationship benefiting the maritime insurance sector by advancing transparency, governance, and environmental responsibilities across the board.