Starr Insurance unveils new marine loss control solution

Starr Insurance Companies' marine unit has launched a loss control programme designed to help customers identify and reduce risks unique to marine terminal operations of all sizes.

The terminal management system (TMS) programme is developed in conjunction with industry experts.

Using independent marine surveyors, Starr Marine's loss control services team works with the terminal’s management to conduct a thorough on-site evaluation and review of operational, maintenance and safety procedures.

The assessment provides clients with a benchmarked score and detailed recommendations to enhance risk management initiatives and loss control plans for their operations.

“Our efforts to develop the TMS tool predates the recent spate of high-profile port losses,” said Matthew Davis, senior vice president and head of Starr Marine. “Events like these, however, are a reminder of why Starr’s loss control approach is central to how we work with clients – to prevent losses before they happen.”