Pole Star Global buys Clearwater Dynamics

Maritime intelligence firm Pole Star Global has announced its acquisition of Clearwater Dynamics, a UK-based innovator in real-time maritime risk intelligence. Known for developing the Coral platform, Clearwater Dynamics provides tools for underwriters and brokers to assess and manage marine insurance risks effectively. Though the financial details of the acquisition remain undisclosed, this strategic move aims to enhance risk management capabilities across the maritime sector.

Enhancing Maritime Risk Management

The acquisition of Clearwater Dynamics marks a significant step for Pole Star Global in its mission to improve safety and compliance for various stakeholders in the maritime industry. The Coral platform, which is at the core of Clearwater’s offerings, enables users to monitor and evaluate their exposure to risks in real time. This functionality is crucial for underwriters and brokers who need to make informed decisions regarding insurance coverage and risk assessment.

Bob Skea, CEO of Pole Star Global, emphasized the importance of this acquisition in a recent statement. He described it as a natural extension of the company’s vision to empower governments, shipping companies, and financial institutions to navigate the complexities of the maritime landscape. By integrating Clearwater Dynamics‘ real-time intelligence capabilities, Pole Star aims to create a seamless, data-rich ecosystem that encompasses operational, regulatory, and insurance aspects of maritime risk.

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As the maritime industry faces increasing challenges, the need for effective risk management has never been more critical. The integration of Clearwater Dynamics’ innovative tools with Pole Star’s existing capabilities is expected to provide comprehensive solutions that enhance the overall safety and efficiency of maritime operations.