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Stock impact report

Chaucer and Ceto launch Lloyd's marine MGA, integrating real-time vessel data into underwriting [Yahoo! Finance]

TOKIO MARINE HLDGS S/ADR (TKOMY) 
NASDAQ:AMEX Investor Relations: tokiomarinehd.com/en/ir
Company Research Source: Yahoo! Finance
Ceto AI ("Ceto"), the technology company modernising maritime risk, today announce the launch of a new marine Managing General Agent (MGA), operating as a Lloyd's coverholder. Ceto AI logo (PRNewsfoto/Ceto AI) Under the arrangement, Ceto is authorised to bind marine hull risks on behalf of Chaucer's Lloyd's syndicate, with additional capacity provided by Tokio Marine Kiln ("TMK"), a leading insurer and member of the Tokio Marine Group. Ceto uses high-frequency vessel machinery and performance data to inform underwriting decisions. The launch marks a significant development in the application of real-time operational data within the Lloyd's marine market, introducing a data-led underwriting model designed to enhance risk selection and accurately reflect the condition and performance of insured vessels. With the global fleet now averaging more than 22 years of service, vessel age and other uniform parameters in isolation are an increasingly blunt indicator of risk. The MGA's und Show less Read more
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