The UK Hydrographic Office (UKHO) is inviting start-ups to develop new systems and services for the maritime risk and insurance sector using ADMIRALTY data, as part of the ADMIRALTY Marine Innovation Programme.
As part of the new innovation challenge, participants will have access to ADMIRALTY datasets to provide insight into risk and asset management spread over a large geographic area and historic period.
Participants will be asked to identify, trial and prove methods of using this data to help build more accurate risk models that can lead to better underwriting decisions and improved maritime insurance products.
All submissions will be reviewed by a panel of experts, with the winners receiving 12 weeks of hands-on support and ADMIRALTY data worth around £75,000 to develop a product for a market UKHO estimates to be worth £18.5 billion by 2030.
To take part, participants will need to register on the ADMIRALTY website and submit their entries by the 20th November 2020.
