Case Study: CFC modernises marine kidnap and ransom insurance with MarineTraffic by Kpler

CFC shifts marine K&R to annual cover with Kpler’s live vessel intelligence

CFC, a specialty insurance provider, faced a challenge in the marine kidnap and ransom (K&R) sector, where coverage was traditionally sold on a per-voyage basis. This approach created uncertainty for all parties, especially when a vessel's activity was unpredictable. To address this, the vendor Kpler, through its MarineTraffic service, provided a solution involving live vessel intelligence.

Kpler's solution gave CFC real-time visibility into vessel movements throughout the insurance policy period. This allowed CFC to shift from one-off transit decisions to a dynamic annual underwriting model. The use of Kpler's data meant pricing could be aligned more closely with a vessel's actual operating patterns rather than initial assumptions. Furthermore, CFC extended the value of this intelligence beyond underwriting to enhance its live incident response capabilities.

CFC