LENS
A Market-Level Risk Intelligence Environment for Lloyd’s — providing a live view of market exposure, emerging threats and developing concentrations of risk across the global maritime domain.
Strengthening Lloyd’s market oversight capability
The global maritime risk environment is becoming increasingly dynamic, interconnected and difficult to assess through traditional reporting methods alone.
Geopolitical instability, shifting trade patterns, sanctions activity, emerging security threats and the concentration of insured assets across critical regions all create a growing requirement for timely, accurate and actionable market intelligence.
The Lloyd’s Risk management team has identified an opportunity to strengthen its market oversight capability through the creation of a dedicated Market-Level Risk Intelligence Environment. A secure, intuitive and scalable platform designed to provide a live view of market exposure, emerging threats and developing concentrations of risk across the global maritime domain.
Clearwater Dynamics and Pole Star consider this objective entirely achievable. The required building blocks already exist across proven technology platforms, established maritime intelligence capabilities and specialist data resources. The challenge is not the availability of information, but the ability to transform multiple streams of market, operational and geopolitical data into a coherent, defensible and decision-ready operating picture capable of supporting executive, committee and council-level oversight.
To deliver this capability, we have pre-positioned a dedicated, multidisciplinary project team combining project leadership, software engineers, data architects, UI/UX designers and maritime intelligence specialists. Working closely with the Lloyd’s Risk Team, the programme will follow a structured and collaborative development approach, ensuring that outputs remain aligned to Lloyd’s evolving requirements whilst maintaining simplicity, clarity and usability at every stage.
Importantly, the proposed environment is designed to evolve alongside Lloyd’s. As new reporting requirements emerge, new exposure metrics are identified or market conditions change, the platform can be adapted to accommodate additional data sources, intelligence layers and analytical outputs.
The environment will be delivered within a dedicated and secure Lloyd’s tenant of the CORAL technology stack, ensuring complete segregation and protection of Lloyd’s data whilst providing access to a mature and extensively proven technology foundation.
This approach offers Lloyd’s the opportunity to leverage a broader suite of maritime intelligence capabilities, including global fleet visibility, vessel intelligence, sanctions screening, risk alerts and advanced search functionality, whilst maintaining a bespoke interface specifically designed around Lloyd’s oversight responsibilities.
On any given day, Lloyd’s will be able to identify which regions present the greatest concentration of insured value, understand whether exposure is increasing or decreasing, assess the potential impact of emerging geopolitical or security events and prioritise attention towards those developments most likely to affect the market. This transforms risk reporting from a periodic retrospective exercise into a dynamic decision-support capability.
From retrospective reporting to proactive risk stewardship
Enabling Lloyd’s to move progressively from retrospective reporting towards proactive risk stewardship across the market.
LENS is designed to provide Lloyd’s with a continuously evolving view of market exposure, risk concentration and the external environment in which those exposures exist. By bringing together multiple market, intelligence and exposure data sources into a single operating picture, LENS transforms fragmented information into meaningful insight, enabling the Lloyd’s Risk Team to better understand not only where risk exists today, but where it is emerging, accumulating and changing over time.
In an increasingly dynamic geopolitical, economic and regulatory landscape, the ability to identify developing concentrations of risk, assess their potential implications and communicate them clearly to executive leadership is becoming progressively more important. LENS supports this objective by combining exposure visibility with contextual intelligence, providing a more informed and timely understanding of the factors that may influence the Lloyd’s market.
Beyond enhancing situational awareness, LENS is intended to support more effective engagement with market participants whilst reducing future reporting burdens through a structured and repeatable approach to data collection and analysis. The result is a more connected, informed and forward-looking risk oversight capability, enabling Lloyd’s to strengthen market understanding, improve decision-making and maintain a clearer view of evolving risk across the global insurance landscape.
Risk is developing faster than traditional reporting cycles
The operating environment facing Lloyd’s and market participants has changed materially in recent years.
Risks that were once largely regional, episodic or predictable have become increasingly interconnected, dynamic and capable of influencing multiple classes of business simultaneously. Geopolitical instability, economic disruption, regulatory complexity and climate-driven events are no longer isolated considerations. They are increasingly shaping the operating environment in which insured assets, cargoes and supply chains function on a daily basis.
Persistent conflict in the Black Sea, continued instability in the Red Sea, heightened tensions within the Persian Gulf and uncertainty surrounding the Taiwan Strait are all contributing to a more complex global risk landscape. These challenges are further compounded by evolving sanctions regimes, increasing levels of GNSS interference and spoofing activity, supply chain disruption and the growing frequency and severity of climate-related events. Collectively, these developments create a risk environment that is changing more rapidly than traditional reporting cycles were originally designed to accommodate.
Against this backdrop, the ability to understand market exposure in near real time becomes increasingly valuable. LENS provides the foundation for a more dynamic view of exposure, enabling the Risk Team to identify changing concentrations, monitor emerging developments and support more timely, informed decision-making. The objective is not simply to report on risk, but to provide greater visibility of how external events and market exposures intersect, helping Lloyd’s maintain an informed and forward-looking view of risk across the market.
Maritime intelligence meets market expertise
Pole Star and Clearwater Dynamics bring together a highly complementary combination of maritime intelligence, exposure management, technology delivery and insurance market expertise.
Both organisations have extensive experience supporting commercial, shipping owners and operators, governmental and insurance stakeholders operating within complex and often rapidly evolving maritime environments.
Together, the organisations combine deep maritime domain knowledge with a proven track record of delivering operational technology platforms, risk intelligence services and data-driven decision support capabilities. This includes the management and enrichment of large-scale proprietary and third-party datasets, the provision of real-time situational awareness, and the development of solutions designed to support informed decision-making across both operational and executive levels.
Importantly, these capabilities are supported by dedicated engineering, data and analytical resources with experience delivering secure, scalable and mission-critical solutions for some of the world’s leading maritime and insurance organisations.
Maritime domain awareness at global scale — vessel intelligence, fleet visibility, sanctions screening and risk alerting, delivered through a mature, mission-critical technology platform.
Clearwater Dynamics
Exposure management, data architecture and decision-support technology — the enrichment of large-scale proprietary and third-party datasets into real-time situational awareness for executive decision-making.
The result is a unique combination of data, technology, operational insight and market understanding, providing a strong foundation for the successful delivery and ongoing evolution of LENS as a strategic risk oversight capability for Lloyd’s.
A common operating picture for risk
LENS is intended to provide Lloyd’s with a common operating picture for risk.
LENS is a market-level risk intelligence environment designed to provide Lloyd’s with a single, coherent view of market exposure, emerging threats and evolving concentrations of risk. By combining exposure data, intelligence sources and analytical insight within a unified operating environment, LENS enables a clearer understanding of where risk exists today, what is changing and where potential areas of concern may be developing.
The objective is to provide a trusted and accessible foundation for risk oversight, supporting informed decision-making across the Risk Team, Executive Committee and Council. Whilst the underlying data, intelligence and analytical processes may be extensive, the user experience is intentionally designed to be clear, intuitive and focused on delivering meaningful insight rather than complexity.
LENS is designed not simply to reflect the current operating picture, but to evolve alongside the market itself. As new data sources, intelligence requirements and oversight priorities emerge, the environment can be expanded and refined, ensuring Lloyd’s retains a scalable and future-ready capability for understanding risk across an increasingly complex global landscape.
Presenting complex information in a manner that is accessible and actionable.
Designed around the needs of decision-makers rather than technical users.
Underpinned by transparent methodologies, trusted data sources and auditable outputs.
Enabling users to understand not only what is being observed, but why.
Market exposure, intelligence and contextual information to support evidence-based decisions.
Designed to evolve as market requirements, data availability and risk priorities continue to develop.
Six tiles, one decision-ready picture
This tile provides a consolidated view of the geographic regions most likely to influence Lloyd’s marine exposures. By combining market exposure data with geopolitical and operational risk intelligence, it enables users to understand where insured assets are concentrated, how exposure is changing and which regions warrant heightened attention. The objective is to provide an immediate understanding of where risk exists and where conditions may be deteriorating.
The Market Exposure map serves as the visual centrepiece of the LENS environment, providing an intuitive representation of Lloyd’s insured assets and concentrations of risk across the globe. Through a combination of vessel positioning, accumulation analysis and exposure intelligence, the map enables users to quickly identify geographic concentrations, emerging hotspots and areas of strategic interest. The objective is to transform complex exposure data into a clear and actionable operational picture.
This tile is intended to provide a headline view of Lloyd’s marine exposure, combining insured asset visibility with relevant operational and incident data. As market participation grows, it becomes a powerful mechanism for understanding the scale, distribution and status of Lloyd’s exposures across the global fleet. Designed with executive consumption in mind, this capability should be equally effective on desktop and mobile platforms, supporting timely oversight wherever required.
The Emerging Risk & Intelligence tile provides Lloyd’s with a continually updated operational picture of events and emerging trends that may influence the market. It transforms large volumes of maritime, geopolitical and risk intelligence into concise, decision-ready assessments, enabling the Risk Team and Executive leadership to understand not only what has happened, but why it matters to Lloyd’s and whether any action should be considered.
The tile combines assessed operational events with broader emerging risk signals to provide both immediate situational awareness and forward-looking insight. Each assessed event is prioritised by severity, linked to Lloyd’s market exposure, supported by a concise intelligence assessment and accompanied by recommended actions where appropriate. Alongside these events, emerging signals highlight developing trends, including geopolitical tensions, sanctions, GNSS interference, commodity disruption and port closures, that may shape future market conditions before they evolve into significant incidents.
By combining real-time intelligence with Lloyd’s exposure data, the tile enables faster risk recognition, improved executive awareness and more informed operational and strategic decision-making.
The Theatre Risk Assessment provides Lloyd’s with a structured intelligence assessment of the principal maritime risk theatres affecting the market today and how those risks are expected to evolve over the coming days and months. Rather than simply reporting individual events, the tile combines multiple intelligence sources, market exposure data and analytical models to produce a forward-looking assessment of the operating environment.
Each assessment begins with an AI-generated Intelligence Brief, summarising the current operating picture and highlighting the factors most likely to influence Lloyd’s insured portfolio. The assessment is then projected across three planning horizons — 0–7 days, 7–30 days and 30–90 days — providing decision-makers with an understanding of likely risk evolution, market exposure, operational impacts and recommended actions.
By bringing together intelligence, exposure data and predictive analysis within a consistent framework, the tile enables Lloyd’s Executive Committee, Council and Risk Team to move beyond situational awareness towards proactive risk management and strategic planning.
The Fleet Profile provides an executive overview of the composition and characteristics of Lloyd’s insured maritime portfolio. Rather than simply presenting vessel counts, the tile summarises the demographic profile of the market, enabling decision-makers to understand the underlying structure of the insured fleet and identify characteristics that may influence future risk.
By analysing vessel age, vessel type and flag registry, the platform highlights key attributes that shape portfolio exposure and provides valuable context for interpreting operational events, emerging risks and market trends elsewhere within LENS. As market submissions evolve, the profile updates automatically, ensuring that executives maintain a current understanding of how the Lloyd’s portfolio is changing over time.
The Fleet Profile acts as the baseline reference for many of the platform’s wider analytical capabilities, helping place incidents, geopolitical developments and exposure concentrations into the context of the overall insured fleet.
The Fleet Profile provides immediate insight into the composition of Lloyd’s insured maritime portfolio, supporting portfolio oversight, accumulation analysis and strategic risk assessment. By understanding how the market is distributed across vessel classes, ages and registries, Lloyd’s can better interpret emerging risks, identify structural trends and assess whether changes in the insured fleet may influence future underwriting performance or capital exposure.
Insight, communicated at every level
The intelligence & reporting framework transforms LENS insight into structured outputs tailored for different audiences across Lloyd’s.
From daily executive updates through to Council-level reporting, the framework ensures that exposure intelligence is communicated consistently, clearly and at an appropriate level of detail. The objective is to establish a repeatable and scalable reporting capability that supports informed decision-making at every level of the organisation.
Proportionate participation, an intelligence ecosystem
The effectiveness of LENS is fundamentally dependent upon the quality, consistency and accessibility of underlying exposure data.
This capability is designed to provide flexible and proportionate mechanisms for market participation, recognising the differing levels of data maturity across managing agents and syndicates. The guiding principles are to minimise reporting burden, maximise value to Lloyd’s and create a scalable foundation for future market-wide exposure visibility.
LENS is designed as an intelligence environment rather than a standalone dataset. The platform brings together multiple complementary sources, including exposure data, vessel activity, geopolitical developments, sanctions, weather, supply chain intelligence and broader risk indicators. The objective is to create a richer and more contextual understanding of risk than could be achieved through any individual source in isolation, providing Lloyd’s with a more complete picture of the operating environment influencing market exposures.
Secure by design
LENS will receive commercially sensitive exposure data from Lloyd’s market participants, syndicate underwriting positions, aggregate risk concentrations and insured asset values.
The security and governance framework surrounding that data is a critical and priority consideration. We advocate it is a prerequisite for market confidence and participation. The below sets out where the platform stands today and what is being put in place ahead of LENS going live.
The CORAL platform runs on Amazon Web Services, hosted in the eu-west-2 region (London). All data is processed and stored within the UK. The environment is structured across fully separated deployment tiers, development, staging and production each operate within their own isolated network boundary (Virtual Private Cloud), with no cross-environment data access. Each client deployment is provisioned as an independent instance. There is no shared data layer between clients.
A Lloyd’s syndicate’s data cannot be reached, queried, or accessed by any other participant on the platform, by design or by misconfiguration.
Access to the platform is governed by Auth0, an enterprise identity provider implementing the OAuth 2.0 and OpenID Connect standards. User permissions are controlled through a role-based access control framework, meaning access to data is granted only to the roles for which it has been explicitly authorised. This applies both to end users and to any system-to-system integrations.
All data is encrypted in transit using HTTPS across every environment. Data at rest is encrypted using AWS-managed key management. There is no pathway by which data can leave the platform in an unencrypted state.
Automated vulnerability scanning runs against every build. This includes package-level CVE scanning and OWASP-aligned security checks against every release candidate. In addition, automated penetration testing runs on a weekly cycle, which is above the typical cadence for a platform at this stage and reflects a deliberate investment in proactive security assurance.
Database backups run on an hourly basis and are retained on a tiered schedule. Any prior state can be restored in under 30 minutes under normal circumstances. In the event of a regional infrastructure failure, the platform can be re-established in a new region in under 60 minutes using stored configuration. This procedure is tested regularly as part of routine environment management.
The platform holds Cyber Essentials certification, the UK government-backed scheme covering the five core controls.
A foundation built to extend
The development of LENS also creates the opportunity to deliver wider benefits across the Lloyd’s market.
By contributing to a common exposure intelligence framework, participating syndicates may benefit from improved visibility of emerging market risks, access to enhanced intelligence outputs and the potential reduction of future reporting burdens through more efficient and targeted data collection processes. Over time, the environment has the potential to create a more consistent and informed understanding of exposure across the market, supporting both individual syndicate decision-making and broader market oversight objectives.
Extend exposure intelligence beyond marine to create a broader understanding of interconnected risks and emerging trends across the Lloyd’s market.
Whilst exposure intelligence explains the market as it exists today, scenario modelling provides a framework for understanding how that picture may change tomorrow.
As LENS matures and the underlying exposure environment becomes increasingly established, there is significant opportunity to extend its application into market-wide scenario modelling and consequence assessment. The objective is not to predict future events, but to provide a structured framework through which Lloyd’s can better understand the potential implications of plausible scenarios and emerging developments.
By combining market exposure data with intelligence, geographic concentration analysis and contextual risk information, the Scenario Engine would enable users to explore how specific events or evolving situations may influence insured exposures across the market. This capability could support both strategic planning and risk oversight activities, providing a more informed understanding of potential vulnerabilities, concentrations and consequential impacts.
Identification of potentially affected insured assets, interests and concentrations.
Assessment of potential operational, commercial and market implications.
Transparent indication of data quality, assumptions and analytical certainty.
Structured explanation of the scenario, contributing factors and potential developments.
High-level assessment of possible implications for the Lloyd’s market and participating stakeholders.
Over time, this capability has the potential to support a more proactive approach to market oversight, enabling Lloyd’s to explore potential futures, understand exposure sensitivities and enhance preparedness for a rapidly evolving global risk environment.
LENS could eventually show not only where risk is accumulating, but how the market is pricing that risk.
Whilst the initial focus of LENS is centred on exposure visibility, risk intelligence and market oversight, the proposed data collection framework creates the potential for a valuable future capability focused on market pricing intelligence. By capturing a small number of additional policy-level data points, including product, insured value, signed line and premium or rate, LENS could provide Lloyd’s with an aggregated view of pricing behaviour across the marine market.
When combined with vessel intelligence, exposure data and geographic risk factors, this would enable analysis of how pricing varies across vessel classes, trading regions, operating environments and exposure concentrations. The strategic value lies not simply in understanding pricing levels, but in understanding pricing movement — by monitoring month-on-month changes and the velocity of those changes over time, Lloyd’s could develop a live view of market conditions and identify whether pricing is strengthening, weakening or remaining stable across different sectors of the market.
Such a capability would provide an additional layer of market oversight, helping the Risk Team and Lloyd’s leadership understand how underwriting behaviour is responding to changing risk conditions and offering an early indicator of emerging market trends that may not yet be visible through exposure data alone. Importantly, this capability is not proposed as part of the initial LENS deployment but represents a future enhancement that could be enabled through the underlying framework should Lloyd’s wish to explore this area further.
Marine, an ideal starting point
The global maritime environment continues to evolve at a pace and complexity that challenges traditional approaches to risk monitoring and market oversight.
Geopolitical instability, changing trade patterns, emerging security threats, sanctions activity and the concentration of insured assets across critical regions all contribute to a risk landscape that is increasingly dynamic and interconnected. LENS has been designed to address this challenge by providing Lloyd’s with a dedicated market-level risk intelligence environment capable of transforming diverse sources of exposure, operational and intelligence data into a coherent, defensible and decision-ready operating picture.
The proposal is intentionally practical in both design and delivery. The required technology, data resources and specialist expertise already exist. By combining these proven capabilities within a secure Lloyd’s environment, the programme can deliver meaningful improvements in visibility, situational awareness and risk oversight without imposing significant additional reporting burdens on the market.
Most importantly, LENS has the potential to move market oversight beyond periodic reporting and towards a more informed, proactive and continuously evolving understanding of risk. It provides Lloyd’s with the ability to better understand where exposure exists today, identify where risk is changing tomorrow and support more confident decision-making across the Risk Team, Executive Committee and Council.