Tide launches mobile platform to streamline yacht insurance management

Tide Insurance has launched a new mobile-first platform aimed at simplifying policy management and risk oversight for yacht owners, captains and yacht managers. 

The digital MGA said its new Compass platform provides policyholders with direct access to insurance documentation, claims services and risk management tools through a single mobile interface.

The launch marks the latest technology investment by the yacht insurance specialist as it looks to reduce administrative burdens for brokers.

Compass allows users to access policy documents and certificates required for compliance with national and international maritime regulations, addressing what Tide described as a longstanding challenge for vessel owners travelling between marinas and jurisdictions where insurance documentation checks are common.

Ian Hoy, founder and managing director at Tide, said the platform was designed to make insurance interactions more transparent and practical for customers.

He said: “Compass is a natural extension of Tide’s commitment to making yacht insurance simpler, more transparent and more useful for customers.

“Whether it’s ensuring [customers] have the right documentation when they need it, or offering clear guidance on risks such as lithium battery charging and storage, Compass is designed to deliver meaningful, real-world value.” 

Digital capabilities

The platform also enables policyholders to request mid-term adjustments digitally, including adding crew members, tenders or onboard equipment, as well as notifying claims and accessing weather information for mooring locations.

For yacht managers overseeing multiple vessels, Compass offers a consolidated view of insured yachts under management, alongside user access controls and risk management resources.

Hoy added that the platform’s focus extended beyond insurance administration to helping policyholders better understand and mitigate risks, including guidance on the safe charging and storage of lithium batteries.

The launch follows the introduction of Tide’s Vesselverse platform for brokers and forms part of the MGA’s wider technology-led strategy in the yacht insurance market.