Rolls-Royce and AXA form partnership to serve autonomous shipping industry. Credit: Rolls-Royce Plc.

Rolls-Royce has signed a letter of intent (LoI) with global insurance firm AXA Corporate Solutions to explore ways to jointly develop products for the autonomous shipping sector.

Under the LoI, Rolls-Royce will combine its ship intelligence systems and equipment with AXA’s risk analytics capabilities to support current and future vessels.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Rolls-Royce Ship Intelligence products are capable of using various sensors on-board, streaming data to enable AXA to provide an innovative service to marine vessels.

In the longer term, Rolls-Royce and AXA will monitor the changing risk profiles of maritime operations supported by increasing levels of remote control and automation, as well as new maritime business models involving autonomous ships.

Rolls-Royce Ship Intelligence senior vice-president Karno Tenovuo said: “Many of our products are designed to improve performance and safety on-board.

“This cooperation reflects AXA’s continued strong focus on our Marine Specialty line of business.”

“By working with AXA and their knowledge of risk, we hope to further improve our customer’s operations.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Rolls-Royce Ship Intelligence’s current portfolio of products includes the newly launched Intelligent Awareness and Energy and Health Management solutions.

Data provided by these products could be used by AXA to manage risks currently covered by its Hull and Machinery insurance. AXA could also develop new types of products and services to support customers in volatile and difficult shipping markets using the data.

AXA Corporate Solutions Marine chief underwriting officer Mathieu Daubin said: “This cooperation reflects AXA’s continued strong focus on our Marine Specialty line of business and supports our Payer-to-Partner strategy in line with Ambition 2020.

“Combining AXA’s Marine Underwriting expertise and Rolls-Royce Ship Intelligence will enable both companies to deliver higher customer value through continuous innovation.”

AXA Corporate Solutions currently provides insurance solutions, loss prevention and claims handling services to large companies.