RISK ADVISORY:
Tigermar delivers bespoke solutions in Subsea Rental Market.
We are pleased to share a recent project we worked on involving a leading subsea equipment rental company expanding its operations in Singapore and Malaysia.
Following a recent acquisition, the client sought comprehensive insurance solutions to support their growing rental fleet and new technology investments.
The business model is purely rental-based, meaning coverage requirements needed to balance protection for assets in storage and transit, while allowing for contingent cover during client operations. We developed a tailored solution addressing both existing assets and significant new investments scheduled for 2025.
In parallel, the client is migrating to a purpose-built cloud-based asset management system to streamline tracking across its regional depots. This transition, coupled with the move into new purpose-built facilities with upgraded security features, reflects their commitment to operational excellence and growth.
Through close collaboration, we ensured that both Singapore and Malaysia operations are aligned under a flexible insurance structure, safeguarding assets while accommodating the client’s dynamic rental activity. This project demonstrates our ability to deliver bespoke solutions that evolve with our clients’ needs and long-term vision.
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