Vessel Protect - InsurTech Innovation Award 2022

1. You’ve seen the
film. Now here’s
the reality.

2. Powered by
TDI INSURTECH INNOVATION AWARD : 2022 : EMEA REGION
New marine
insurtech.
World-beating
innovation.
WAR RISKS : PIRACY : KIDNAP & RANSOM (K&R)

3. Vessel Protect is a start-up, digital-first London
MGA proposition - the brainchild of founder and
CEO Chris Goddard, ex-Travelers. Vessel Protect
specialises in Marine War Risks and Kidnap &
Ransom (K&R/Piracy). It is backed by leading
Lloyd’s syndicates and offers automatic capacity of
USD 175m plus War P&I up to Hull values.
We are submitting Vessel Protect for ‘TDI
Innovation of the Year’ because it's a first in its
class and it’s a game-changer for the global
market in War Risks.
What is
Vessel
Protect?
Why it
should win.

4. Back in 2020, Chris Goddard saw an
opportunity for service innovation in the War
Risks arena with significant benefits to
shipowners and exceptional efficiency benefits
to brokers. The marine war market is focused
on high volume, low premium risks for short-tail
business, with shipowner clients typically
obtaining seven-day cover for transits in high-
risk areas. Slow quote & bind times
compromise shipowners’ ability to secure a
charterer, and traditional trading methods
compromise brokers' operational efficiency.
Innovation
born out of
real-world
market
insight
Digital trading launched : Late 2021

5. 150
96%
brokers already using globally.
Big scaling on cards.
repeat usage by
brokers
700%
uplift in K&R GWP since
digital trading launch
Amazing
results after
just 9 months
of digital
trading
1st
globally to offer complex
K&R online in 2 mins with
full documentation

6. ● Online quote & bind
● Fully responsive, any device
● Marine-specific 3rd party
integrations (e.g. IMO lookup)
● Auto rating
● Short and long-term policies
● Automated document generation
● Email notifications
● Real-time management reporting
Key solution
features

7. Reason 1
Excellent product-market fit. High volume, low
premium risks are perfectly suited to digital
automation with exceptional efficiency benefits to
brokers.
Reason 2
Massive impact. Major pain-point solved. Brokers can
now transact K&R risks in 2 minutes from anywhere in
the world at any time of the day. Equivalent risks
traded traditionally have 3-4 hour turnaround times
and are limited to working hours with additional time
zone complications.
The 6 big
reasons to
give Vessel
Protect the
award

8. Reason 3
Game-changing proposition. Vessel Protect is
unrivalled globally for War and K&R automated
offering with full documentation. No other provider in
the market offers the complexity of underwriting with
instant documentation.
Reason 4
700% uplift in K&R GWP since Vessel Protect
launched digital trading in late 2021. The exceptional
performance evidences the service appeal and
market value.
The 6 big
reasons to
give Vessel
Protect the
award

9. Reason 5
Impressive 96% repeat usage by brokers with over
150 brokers now registered globally on the Vessel
Protect platform.
Reason 6
We’ve only just started. Vessel Protect is rolling out
more War Risk products and parametric covers over
the next 24 months.
The 6 big
reasons to
give Vessel
Protect the
award

10. “Your K&R quoting platform works a
dream. It really is fantastic work you have
done with this solution. It will be industry-
leading for the class. It’s a game-changer.
Well done to all.”
EXCEPTIONAL MARKET RECEPTION

11. All powered by
award-winning
insurtech platform
Go-Insur
go-insur.com
vesselprotect.com