Cover Genius, the insurtech for embedded protection, and Sendcloud, Europe’s largest shipping platform, have joined forces to offer merchants enhanced claims handling for global shipments with more than 100 logistics carriers. As recent years have shown, shipping and supply chains are vulnerable to hackers, strikes, warlike incidents and the effects of the pandemic. Add on risks like on-board EV car fires and you need to re-think package insurance as the distance between customers and manufacturers/distributors increases.
Here’s the word;
Sendcloud’s customers – online retailers who handle the shipping of products to online shoppers – will therefore benefit from up to a 20-day reduction in claims processing times and an estimated 20% drop in claim-related costs. This is regardless of which logistics carrier merchants use to ship products. XCover, Cover Genius‘ award-winning global distribution platform for any insurance or other type of protection, protects the full retail value of shipments from online sellers in more than 40 countries in Europe and can provide instant payment of claims in more than 90 currencies.
“Together with Sendcloud, we offer online retailers unique and global support through a convenient one-stop online claims process, compatible with all existing carriers and most product categories,” said Justin Turner, Vice President, Strategic Partnerships – Shipping, Global, of Cover Genius. “Traditional insurers’ legacy systems have contributed to poor customer outcomes and limited opportunities for global improvements and personalization. With this partnership, we are thrilled to offer an end-to-end solution that helps protect online retailers and their customers.”
Rob van den Heuvel, Co-founder and CEO of Sendcloud, said, “Online sellers are being held accountable when parcels get lost, often costing them a lot of time and money. Our partnership with Cover Genius ensures that we offer our merchants the best and most cost-effective protection. Thanks to the fast and stress-free claim procedure, we not only save them time and money, but also provide their customers with the best service. This has a positive result on customer satisfaction and the reputation of their business.”
Through XCover, Cover Genius offers a global end-to-end solution that supports all types of shipments, from packages to freight shipments. This new partnership seamlessly integrates XCover with Sendcloud’s Application Programming Interface (API) and all 100 integrated logistics transportation systems. As a result, all claims made by online retailers can be found in one place. Merchants will no longer need to seek out differing protection options among various carriers, resulting in a simpler and faster claims process for them and their customers.