Loadsure, the London-based insurtech MGA, introduced the launch of motor truck cargo insurance coverage, a data-powered insurance coverage product, purpose-built for the logistics group.
Known as “Columbia™ – Motor Truck Cargo and Logistics Providers Insurance coverage,” the product targets SME enterprises and can present protection that protects motor carriers, freight brokers, and freight forwarders towards injury to cargo. Supplemental coverages along with the primary insurance coverage settlement embrace enterprise private property, contingent protection, contractual penalties, particles removing, additional expense, freight prices and delivery containers.
Harnessing knowledge and digital know-how, Columbia empowers wholesale insurance coverage brokers to effectively quote and safe protection by way of dynamic quote, bind and coverage era. Brokers may have entry to fast and simple digital quoting alongside truthful, sustainable pricing by way of data-powered, threat particular underwriting, dynamic doc era and knowledge transparency.
“Columbia is yet one more instance of the significance of data-driven options in shifting insurance coverage ahead and shutting the safety hole amongst SMEs within the cargo and freight area,” commented Loadsure CEO and founder Johnny McCord in an announcement.
Columbia empowers brokers “to higher serve cargo outfits searching for long-term partnerships and the options wanted to help their companies,” he added.
Loadsure, the worldwide managing common agent (MGA) and Lloyd’s coverholder, leverages AI and automation to offer an industry-first pay-as-you-go, digital insurance coverage for brokers, shippers, and carriers. Transactional protection is automated—or secured in lower than 40 seconds—with claims resolved in minutes.
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