1. Technological Innovations in Marine Insurance
LALIT TALAN
THE NEW INDIA ASSURANCE CO. LTD.

2. Artificial Intelligence
The capability of a machine to imitate intelligent human behaviour.
AI studies numerous data points from the historical data and combine it with the recent data to provide inputs for premium rates & claims management.

3. Potential uses of AI

4. Blockchain & Smart Contracts

5. *Block?? What is a Block in a blockchain?
*Decentralized *Encrypted *Public ledger
*Block?? What is a Block in a blockchain?
*How it is created & added to the blockchain?

7. Releases the cargo to the Authorised Consignee
Smart Bill of Lading
Carrier
Providing instructions to Carrier for BL
Shipper
Issues bill of lading &transfer ownership to the Shipper
Delivery Agent
Releases the cargo to the Authorised Consignee
Consignee

8. *How Smart contracts work? Smart contracts works on If-Then premise
*Smart Contract? A smart contract is a software which automatically execute the contract. These contracts can be built into the blockchain
*How Smart contracts work? Smart contracts works on If-Then premise
How smart contracts executed?

9. The Internet of things (IoT) is the extension of Internet connectivity into physical devices. These devices can communicate and interact with others over the Internet, and they can be remotely monitored and controlled.

10. Real Time Vehicle tracking technology
GPS Devices
Integrated platform
24*7 Monitoring team

11. Types of Trigger Deviation From the Route Reverse Driving Overstoppage
Distance from lead vehicle when moving in a Convoy
Change of Power Source
No Data from the Devices

12. Escalation protocol
EP1(Driver to be contacted immediately) If fails switch to EP 2
EP4(Involvement of Police authority to locate shipment)
EP3( Official of nearby officials /Surveyor to be contacted ) If fails switch to EP 4
EP2(Transporter to be contacted immediately) If fails switch to EP 3