Munich Re backs ShipIn for digital fleet management

Munich Re Ventures, the venture capital arm of Munich Re Group, a provider of reinsurance, primary insurance and insurance-related risk solutions, has invested in visual fleet management platform ShipIn Systems.

By deploying AI-powered cameras and real-time analytics, ShipIn alerts shipowners, managers, and seafarers to onboard anomalies around bridge activities, safety and security, cargo operations and maintenance.

With all tracking rolling up to an analytics dashboard, ShipIn said its platform makes it easy to benchmark performance, conduct remote audits, and improve the operational ROI of an entire fleet.

ShipIn said it delivers a reduction of 40% in incidents and increase of cargo operations efficiency by 8%, thus improving the financial performance of global fleets.

Osher Perry, co-founder and CEO of ShipIn Systems, said, “By partnering with Munich Re Ventures, we are helping to build a safer and more productive future for the maritime industry.

“The reality is that as ships are getting bigger, crew are getting smaller. ShipIn’s mission is to give seafarers the advanced digital tools required to do their jobs better and fleet managers the experience and benefits of working ‘shoulder-to-shoulder’ with their seaborne teams. We believe every ship will have Visual Fleet Management in the near future.”

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.