A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats
Offering risk management, underwriting and analytics, London-based Astaara will work with shipowners and ports operators to decrease their vulnerability to cyber attacks while helping them minimize the cost and disruption after a cyber event, said the company in a statement.
ACL is made up of three elements – Astaara Risk Management, Astaara Underwriting and Astaara Analytics. The latter will support the company’s risk management and underwriting activities.
All three limbs of the business have a marine and cyber focus, said Robert Dorey, Astaara’s group chief executive, in emailed comments.
However, Astaara Underwriting will look for offer other lines of insurance in the future, he affirmed. “We concentrating on the launch of the first line – maritime cyber – before onboarding the next line.”
Astaara is targeting customers with inland fleets, ocean going fleets in any trade as well as ports and terminals and offshore operators, which include supply ships, floating acccommodation, installation and drill ships, he said….
