CETO (WATCHKEEPER)Manage supplier listing
High-frequency vessel machinery and performance telemetry — continuous onboard sensor streams from monitored hulls, processed into condition and predictive-performance insights — now formally embedded in insurance underwriting. This release establishes the rare case where the sensor dataset is the underwriting instrument: the firm has been authorised as a Lloyd's coverholder able to bind marine hull risks on a syndicate's account (with additional capacity from a second named insurer) specifically on the strength of this live operational data, deliberately replacing periodic surveys and point-in-time assessment. Targeting is explicit: vessels capable of producing onboard machinery sensor data. The company's stated thesis is that fleet age — global average now above 22 years — is too blunt a risk proxy, so the dataset substitutes demonstrated performance and maintenance standard in place of static age and historic loss records.
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