Impact of AI in Marine Insurance In Focus at NYC Event

Some feedback on a Marine insurance event in NYC recently;

Key shipping leaders, climate advocates and technology innovators have gathered at the annual OrbitMIFlow event in New York City to discuss the need for accelerated digital innovation and evolving role of artificial intelligence (AI) in reshaping the maritime industry landscape.

The exclusive three-day function, hosted by NYC-based software-as-a-service company OrbitMI for partners and stakeholders at The Standard hotel, explored the future of ship operations with a focus on digital transformation and sustainability.

The event highlighted pressing challenges and opportunities in decarbonization, AI and data analytics, as well as the need to lower barriers to digital adoption to boost operational efficiencies in the drive towards net zero, fuelled by the need to navigate the complexities of new regulation.

Thought-provoking keynote presentations from renowned speakers, including David Wallace-Wells, author of The Uninhabitable Earth, emphasized the critical intersection between climate change and the shipping industry, and Danilo McGarry, a global authority on AI, explored how maritime organizations can leverage artificial intelligence to stay competitive in an evolving landscape.

Ali Riaz, CEO of OrbitMI, remarked, “OrbitMIFLOW 2024 showcased the role innovation plays in shaping the maritime industry’s future. Our industry is on the frontlines of the energy transition, and it’s critical that we embrace cutting-edge technology and sustainable practices to navigate the challenges ahead. This event has sparked valuable discussions that will propel us towards a more efficient future.”

Other notable speakers included Jørn Hannæs, Associate Partner at Climentum Capital, who shared insights on climate tech and impact investing. Rory Proud, Co-Founder of Maritime Data, focused on the evolving nature of data in maritime, showcasing innovative use cases and highlighting collaboration with OrbitMI on AIS projects.

The event also fostered networking and collaboration through its various social gatherings, including a dinner reception and happy hour at The Standard Biergarten, allowing participants to exchange ideas and build partnerships that will drive future innovation in the maritime sector.

For more information on OrbitFLOW or to learn more about OrbitMI’s solutions, please visit www.orbitmi.com.