Overcoming complexity to manage compliance
The seaworthiness of vessels is a precondition for all international marine insurance and involves continual compliance with a complex set of regulations and standards. The client was struggling to efficiently manage its compliance obligations.
Our partner worked with the client to develop a ThoughtWeb solution to manage all seaworthiness regulations, stakeholders, issue resolution, compliance and reporting.
The solution has provided clear visibility of the availability of all vessels in the fleet at any point in time. Due to the speed and ease with which ThoughtWeb can be configured, the solution has been far less costly than alternative technologies.