Risk Intelligence A/S signs an agreement for the Risk Intelligence System with a leading Scandinavian marine insurer
Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces today that the company has signed an agreement with a leading Scandinavian marine insurer for the Risk Intelligence System.
The client has diversified from their original existence as a P&I club, whilst they still fulfil this role, they now look to protect a wide range of ocean industries with a range of covers. From their Scandinavian roots they have now grown into being a truly international operation, operating globally from 10 offices.
Jim Pascoe, Chief Commercial Officer of Risk Intelligence, says:
“We’re absolutely delighted to welcome another major marine insurer into the Risk Intelligence client base. The Risk Intelligence System offers the loss prevention team great insights into possible threats, from stowaways or activism to terrorism and piracy. The agreement also includes some of our intelligence reports and, as with every System subscriber, access to our 24/7 Duty Watch team, allowing the loss prevention team to provide up to date intelligence to their clients in their role as trusted advisors.”
With access to the Risk Intelligence System (MaRisk+PortRisk), the insurer will be joining many other maritime industry organisations, operating word-wide, that are assessing security threats and risks based on intelligence and in-depth assessments from Risk Intelligence.
The Risk Intelligence System
The Risk Intelligence System is a digital security intelligence solution developed in close collaboration with global businesses that are established within the fields of shipping, offshore, oil and gas. The digital platform is designed on the basis of insights directly from customers and their needs as well as Risk Intelligence’s experienced security risk analysts and developers’ knowledge of intelligence and assessment needs.
The Risk Intelligence System offers customers a complete picture of immediate, short- and medium-term security risks for coastal areas, ocean, port and landside threats. The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts and any interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area. This enables companies to evaluate both current and future security risks in real time to minimise risks across their operations.
Risk Intelligence clients currently operate more than 14.7% of the global merchant fleet.
Licences provide strong recurring revenue
The license agreement provides access to the Risk Intelligence System (MaRisk+PortRisk) through a subscription, paid for twelve months at a time, in advance. Variables of the Risk Intelligence System license agreements are number of system users and standard reports included. The Risk Intelligence System license agreements create recurring revenue with a renewal rate of 98-99% (churn of 1-2%) and generates strong cash flow for the Company.
For more information on services and the System:
Please watch our corporate video: Knowing Risk
For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Jim Pascoe, CCO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu
Website and social media:
Website: investor.riskintelligence.eu
Twitter: twitter.com/riskstaff
LinkedIn: linkedin.com/company/risk-intelligence
Facebook: facebook.com/riskstaff
Risk Intelligence A/S was founded in 2001 by Hans Tino Hansen. The company has evolved to become a prominent company in security risk management by delivering threat and risk assessments worldwide. Risk Intelligence operates and assists customers and partners from headquarters located north of Copenhagen, the office in Singapore as well as through representatives in Europe, Asia and North America. The business model is designed with international scalability in mind and the company is globally regarded as an expert in its field. Risk Intelligence’s core product is the ‘Risk Intelligence System (MaRisk + PortRisk + LandRisk)’, a digital platform that allows clients to monitor global security risks and enables them to plan and implement missions in risk areas. Risk Intelligence is listed on the Spotlight Stock market [RISK].