10% off Boat Insurance with Soak Marine Insurance and Cyclops Marine
Cyclops Marine’s load-sensing technology has received a resounding endorsement from specialist marine insurance brokers Soak who are bringing a visionary insurance solution to market.
Soak Insurance, in collaboration with Noble Marine and Millstream Underwriting, has secured a 10% premium discount for race boat owners who install a Cyclops Marine Load Sensor to their rig. In some cases, this discount will cover the cost of the sensor within a short period, all the while allowing sailors to enjoy the performance benefits of live and logged rig load data to their smartphones or on-board instruments.
Cyclops Marine’s versatile load sensing technology has drawn attention from across the marine industry, sparking intrigue as more opportunities for its application arise. The Smart range: smartlink and smarttune (load sensors for soft and standing rigging respectively) have until now been used primarily to improve performance, seeing solid results as top sailors around the world are using the data to build winning habits.
This marks a watershed moment in the use of load sensing for insurance purposes and aims to tackle the seemingly perpetual rise in insurance premiums for race boats.
Simon Tonks of Soak:
“The yacht insurance market has faced challenges over the last couple of years with significant premium increases as insurers look to recoup some of their losses. Race boats as a segment are perceived to be the greatest risk when it comes to claims. The knock-on effect is increased premiums and restriction in cover. We are approaching the point where some owners are struggling to get insurance… one of the main causes is rig failure. Sailors at all levels of the sport push their boats hard. What we were seeing (and what is driving premium increases) is an increase in rig failures due to a lack of understanding of rig loads.”
The rapid progress Cyclops Marine has made with its sensors has enabled this collaboration. The accuracy of devices is proven, sensors are robust and built to last in tough marine environments, data is accessible to sailors through Cyclops’ Smart Fittings Manager app and on their on-board displays through a Cyclops Marine Gateway, and is ready for export to analytics software. All that is required to take advantage of this offer is that a sensor is installed in your rig, as this will provide owners and crew with a better understanding of rig loads and the limits of the rig.
This represents a resounding vote of confidence in Cyclops’ technology from the experts.
As Tonks explains:
“It’s become clear that as sailors become more aware of the data, they begin to understand the limits of the rig and when to ease back when the rig limits are being reached, reducing failures, and ultimately finishing the race!”.
Cyclops Marine’s Sales Director Tom Pickles added:
“Our sensors offer sailors dependable data they can rely on to win races, protect rigs over long periods of time, and now save money on their insurance. We believe this is a game-changing offering that can benefit all kinds of sailors. We are thrilled to be part of it.”
smartlink and smarttune come in a range of sizes, suitable for boats of any size. Sensors can be used on anything from forestays/backstays/shrouds to any soft stay or sheet from mainsheets, to code sail tack lines, to runners, so almost any sailor can benefit from this discount.