Data 'to revolutionise marine underwriting' over next decade

A new generation of marine underwriters will help drive a sharp increase in the use of analytics to inform underwriting decisions and product development, according to the head of XL Catlin's global marine operations. Lee Meyrick said the increasing availability of data was already having a significant impact on tracking cargo, where hijacks used to be frequent across the world. He told Insurance Day one of his goals within XL Catlin’s marine business is to increase focus on the use of analytics