The initial three-month agreement is expected to pave the way for a five-year partnership focused on improving insurance affordability and resilience, RACT said.
The Singapore-based executive has held several senior positions, including head of life and health products, Asia and chief risk officer for Asia Pacific.
The product provides protection against economic losses caused by navigation system disruption, including port-entry bans, vessel detention and delayed departures.
Insurance could help reduce uncertainty around accident and performance risks, but KIRI says many early-stage technologies remain difficult to underwrite.
