Ahoy Insurance

growth-positive

Ahoy!, a digital insurance MGA for recreational boating, has been named Best Emerging InsurTech by InsurTech Hartford as part of the Innovation Challenge Awards. The award recognizes Ahoy!s commitment to delivering innovative products to recreational boaters. Ahoy! aims to be a true partner for boaters by offering continuous benefits, risk-reduction technology, and contextual data to improve the boating experience. The company provides onboard smart boat kits and a proprietary mobile app with advanced telemetry features. Ahoy! plans to expand its technology-focused offering and services to enhance safety and the on-water experience. Currently available in 15 states, Ahoy! insures a wide range of recreational boats and works in partnership with Spinnaker Insurance Company, Greenlight Re, and Topsail Re.

growth-positive

The article discusses the need for specialized insurance for the recreational boating industry and the lack of attention it has received from traditional insurers. It highlights the unique risks and challenges associated with insuring boats and emphasizes the importance of tailored offerings for this sector. The article also mentions the lag in technological advancements in the boating insurance industry compared to the automotive insurance industry. It suggests that the introduction of telematics and automated capabilities could improve safety and increase the effectiveness of boating insurance. The involvement of experts and boaters in promoting and adopting these technologies is seen as crucial. The article is published on Forbes Technology Council.