Starr’s marine division programme offers terminal operations risk reduction

KUALA LUMPUR, Oct 28 -- Starr Marine, a division of Starr Insurance Companies (Starr), recently introduced a comprehensive programme to identify and reduce risks unique to marine terminal operations of all sizes.

According to a statement, the Terminal Management System (TMS) Assessment Program is a proprietary tool created to measure terminal operations against industry best practices.

Using independent marine surveyors, the Starr Marine Loss Control Services Team works with the terminal’s management to conduct a thorough on-site evaluation and review of operational, maintenance and safety procedures.

The assessment provides clients with a benchmarked score and detailed recommendations to enhance risk management initiatives and loss control plans for their operations.

“Our efforts to develop the TMS tool predates the recent spate of high-profile port losses,” said Starr Marine senior vice-president and head, Matthew Davis.

“Events like these, however, are a reminder of why Starr’s loss control approach is central to how we work with clients – to prevent losses before they happen.”

Starr is a leading insurance and investment organisation, providing property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance.

-- BERNAMA