Insurance

Since 2018 Geollect has saved marine insurance companies over a billion dollars in litigation claims.

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Tomorrow’s technology, now

Our Geospatial Intelligence products are utilised by some of the world’s largest marine insurance companies, providing situational awareness to better understand risk mitigation, threat levels, and compliance adherence in near real-time.

Insurance companies are great at solving yesterday’s problems. But what if you could solve tomorrow’s problems, today?

As the number of global challenges are rapidly increasing, the insurance industry, like many others, is struggling to maintain the right line of products to address and prepare for system risks. The recent pandemic proved the need for the insurance industry to innovate and embrace technology to prepare for the challenges of tomorrow. A paradigm shift is needed to ensure the insurance products of tomorrow can meet the needs of an ever-changing world.

We have come a long way since start-up and our first ever customer in the P&I market. In the beginning we examined the way the industry operated and could see that our intelligence backgrounds could offer businesses a competitive edge by using advanced geospatial technologies and data science techniques. We broke into the market with a new technology that was quickly embraced by loss prevention executives and has evolved into a platform that meets the needs of compliance, passage planning, claims, and underwriting departments. The Geollect suite of tools is now recognised as a sector disrupter.

We have lived up to the first vision we had for the insurance market. By using the latest technologies, we have enabled novel thinking and created advantage for our clients. Our platforms are flexible enough to meet the unique needs of individual organisations, while remaining scalable across the industry.

Insight is essential to our insurance clients, but foresight is invaluable. Year on year we have quadrupled our services into this sector, increasing our market share and delivering beyond the capabilities of the more established, traditional-thinking tech companies in this space. We have achieved this by using new technologies, developing more creative, cost effective and customised options for our clients. Geollect delivers greater immediate and long-term impact and better value for money.

The COVID-19 Tracker Tool that Geollect designed and built for North of England P&I Club won the 2020 SAFETY4SEA Technology Award.

Testimonials

It is forward-thinking UK companies like Geollect that are driving the rapid growth of the geospatial industry and giving the UK economy a boost. Now is the time for other businesses to tap into the international opportunities for geospatial analysis and showcase British services and expertise on the global stage.

Secretary of State for International Trade

Geollect’s platform has transformed the way in which we review vessels entered with the Club. The best part of working with Geollect, apart from being professional, is that they are very friendly and approachable and always use their best endeavours to find a solution to every request.

The London P&I Club

Working with Geollect has allowed us to develop a bespoke geo-referenced information platform, where we can share a variety of sources of information with our Members. The expertise and dedication of the Geollect team has allowed us to quickly develop and launch additional data layers relating to topical global issues. Through the Geollect team taking the time to fully understand our needs and requirements, they have been able to utilise their experience and expertise to deliver a fantastic resource for our Members. We are excited to be working with an innovative company like Geollect and look forward to continuing to further enhance and develop the capabilities of our platform.

North of England P&I Club

Geollect has been a great partner in our efforts to broaden our situational awareness, by providing a more holistic and integrated view of our global asset exposure and the risks we face at Royal Caribbean. Working in the intelligence analysis space at Royal Caribbean during the last 5 years and testing various technology platforms, I can say without question that Geollect is at the top of that list. It’s been challenging to find a provider that understands the maritime space and can deliver a platform that adequately meets our intelligence needs. Their ability to bring together disparate layers of data—both at sea and on land—and visually represent them in an integrated manner made them stand out above the rest. We are excited about our partnership with Geollect and look forward to a collaborative relationship.

Royal Caribbean Group

Enquiry

Please fill in the enquiry form and a member of the Geollect team will be in touch to discuss your requirements.