Windward joined forces with four major shipping companies – Norden, Eastern Pacific Shipping, Capital Ship Management, Interunity Management Corporation (IMC) – as well as seven Protection and Indemnity (P&I) Clubs, highlighting a paradigm shift towards adopting AI to drive digital transformation in the shipping industry.
Specifically, the wider shipping industry is adopting technological and AI driven frameworks in order to have a scalable digital platform to make smarter business decisions, faster.
Moreover, the Windward announced a partnership with seven member Clubs of the International Group of P&I Clubs, including The American Club, Britannia P&I, Steamship Mutual, and others.
The partnership will enable the Clubs to empower their insurance abilities, analyzing potential policyholder risk and ensure efficient business operations and compliance with the latest regulations and advisories.
Ami Daniel, CEO of Windward commented that
Together, we are ushering in the next era of the maritime industry, providing AI-powered Predictive Intelligence technology for greater transparency, compliance, and optimized business operations.
Concluding, as the maritime industry is under increased focus regarding sanctions and compliance per recent advisories from the Office of Financial Sanctions Implementation (OFSI) in the UK and the Office of Foreign Assets Control (OFAC) in the US, traditional list matching approaches can no longer address the requirements of OFAC, making maritime stakeholders looks beyond legacy systems to AI-powered solutions in order to navigate the opaque nature of the latest advisories.