#London #United Kingdom #Concirrus #ESG Principles #Hellenic Hull

Concirrus Partners with Hellenic Hull for ESG Transformation

In a groundbreaking move for the insurance sector, Concirrus has partnered with Hellenic Hull to advance the implementation of Environmental, Social, and Governance (ESG) principles within marine insurance. This collaboration highlights Concirrus's commitment to providing insurers with cutting-edge analytical tools that facilitate sustainable decision-making, ensuring compliance with global decarbonization regulations.

As regulatory frameworks grow increasingly stringent, marine insurance providers face mounting pressure to align with compliance mandates such as MARPOL and voluntary initiatives like the Poseidon Principles for marine insurance. Hellenic Hull’s adoption of Concirrus’s advanced ESG module showcases their proactive approach to assessing and enhancing fleet sustainability by integrating AI-driven analytics from industry leader OceanMind, which specializes in emissions data.

James Whitlam, Product Director at Concirrus, stated, “Our partnership with Hellenic Hull underscores the insurance sector's growing commitment to integrating sustainability into underwriting practices. By incorporating our AI-powered ESG module, we empower insurers to adapt to evolving regulations while making meaningful contributions to environmental preservation.”

The integration of Concirrus's ESG capabilities enables Hellenic Hull to measure how well its insured portfolio aligns with international emissions regulations, assisting shipowners during this critical transition. This initiative promotes transparency and sustainability across the industry.

Ilias Tsakiris, CEO of Hellenic Hull, emphasized, “Hellenic Hull is dedicated to embedding ESG principles in all our operations. Concirrus’s ESG module provides valuable insights that help shipowners monitor their carbon footprint while ensuring compliance. Our long-standing values of ethics, adaptability, and sustainability have been passed down through generations and are essential as we look towards the future. We must fully leverage the tools offered by technology to prep for and contribute to a more sustainable world.”

This collaboration marks a pivotal step in the evolution of the insurance sector towards data-driven sustainable development. By embedding ESG considerations into insurance underwriting processes, Concirrus enables companies like Hellenic Hull to set new standards for responsible marine insurance.

About Concirrus

Concirrus revolutionizes technology for specialized and commercial insurers, transforming normally hours-long underwriting processes into submissions ready for quoting in seconds. By supporting lines such as property, casualty, aviation, marine, surety, construction, political violence, and terrorism, Concirrus fosters smarter risk selection, faster quotes, and more profitable books of business. Some of the biggest insurers globally rely on Concirrus for their underwriting needs.

For more information, visit Concirrus.

About Hellenic Hull

Hellenic Hull Management (HMIA) Ltd is a pioneering entity in marine insurance management. Established in 1994, Hellenic Hull has consistently led the marine insurance field, drawing on deep market knowledge and technical expertise, backed by a global network of insurance brokers.

Since 2016, the company has partnered with members of the International Group of P&I Clubs and the American P&I Club, and from July 2024 with SiriusPoint, a global insurance and reinsurance syndicate providing solutions to clients and brokers worldwide. Hellenic Hull’s unique marketing strategy emphasizes brand differentiation through credibility, stability, and the reputation of capital providers. For more details, visit Hellenic Hull.