Loadsure and Amwins Team Up On Freight Cover

This Monday Aug. 28, 2017 image provided by the Port of Virginia shows the CMA CGM Theodore Roosevelt being unloaded at the Virginia International Gateway in Norfolk, Va. The arrival of the ship breaks the record for largest container ship ever to visit the Port of Virginia and the East Coast. (Keith Lanpher/Port of Virginia via AP)

Loadsure announced recently its partnership with managing general agent, Amwins Specialty Logistics Underwriters (ASLU). Now, the agency’s logistics and cargo retail partners can offer access to dynamically priced, pay-as-you-go, all-risk smart coverage that includes automated claims—on a platform that takes just forty seconds to secure coverage.

“Millions of uninsured and underinsured spot freight loads are currently being transported across the U.S.,” says Loadsure CEO Johnny McCord. “In part, that’s because the insurance industry has historically underwritten low-complexity risk through labor-intensive processes, making it prohibitively expensive and slow to acquire—often costing freight brokers and carriers lucrative loads on the spot market. Through automation and machine learning, we’re driving a long-overdue evolution.”

Loadsure’s solution digitalizes the full cargo insurance life cycle—from premium pricing to claims payment delivery. By eliminating the excess costs associated with conventional underwriting and claims processing, the freight industry can now rapidly—and cost-effectively—address risk exposure and protect business sustainability.

With niche expertise in logistics and cargo, ASLU is acutely aware of the challenges faced by shippers and freight brokers in need of one-off cargo policies. “We pride ourselves on our client-focused approach to comprehensive coverage, but that same model didn’t work to support transactional insurance needs,“ says Amwins Specialty Logistics Underwriters Executive Vice President Alex Rosas. “Loadsure bridges that gap with a user-friendly solution that empowers our clients to get the per-load coverage they need.”

Interested parties should contact ASLU or their preferred Amwins broker to learn more about how to gain access to the Loadsure platform. To learn more about this product offering, visit amwins.com/loadsure.

About alastair walker 8755 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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