Spire Global and insurance analytics provider, Concirrus, now have a new data collaboration for their clients.
Spire Global's reputation for valuable data is due to the company's large constellation of fully owned and operated satellites that offer data and analytics for parts of the world where collecting data is notoriously difficult. The company recently created Spire Maritime, which closed out 2018 with 160 percent year-over-year revenue growth. The new effort is pushing the Satellite AIS maritime segment forward with unique innovations in product creation.
John Lusk, GM, Spire Maritime, said this multi-billion-dollar market faces higher risks every day, whereby huge inefficiencies continue to prevent business improvements. This partnership with Concirrus will enable the company to create a platform where data is the prime enabler for improved maritime insurance performance.
Graham Libaert, Director of Alliances at Concirrus, noted that not all data is created equal and the company performs rigorous validation and due diligence on sources before deciding to integrate them into the firm's core machine learning models. Concirrus is excited to be working with the Spire Maritime team to provide the firm's customers with the best, most competitive information possible for pricing, underwriting, and risk management.
Note: Concirrus recently announced a partnership agreement with Meteomatics and a long-term withstanding relationship with IHS Markit.
For all involved in the satellite and space industry and the various market segments that add value to these dynamic environments, the 2020 SmallSat Symposium is truly worth your consideration for attendance.
The SmallSat Symposium is hosted by Satnews Publishers which, since 1983, has been a provider of a satellite news, media and events. This information packed forum was created to enable you and your company to secure a larger portion of market share as well as to take part in the next stages of your company's or organization's growth.
The personal connections at the SmallSat Symposium enable attendees to network with established organizations, subject-matter experts as well as 'New Space' entrants.
The SmallSat Symposium will focus on new technologies and the business environment that is shaping the implementation of smallsat constellations, smallsat launchers, the challenges facing the smallsat developer and actors as well as the enormous benefits of these advanced technologies that will benefit our world.
This event assembles more than 100 diverse speakers, all of whom possess deep industry experience. Additionally, numerous opportunities exist to mingle and network with peers while enjoying exceptional, complimentary meals and refreshment breakfast.