AXA XL, the P&C and specialty risk division of AXA, has partnered with U.S. Marine Insurance Group (USMIG) to offer Shipper’s Interest insurance, addressing market shifts in the logistics landscape.
The pair’s collaboration kicked off in 2024, with USMIG acting as a program manager for AXA XL.
This allows AXA XL to deliver specialised underwriting expertise, and tailored coverage options to meet the needs of transportation, logistics and construction clients.
Driven by this offering, shippers now increasingly offer coverage to their customers via certificates or special policies, both domestically and internationally.
Meanwhile, digital platforms now enable logistics providers to offer the aforementioned coverage at the point of sale, embedded in routing or freight management systems. These solutions allow per-shipment coverage and instant certificate issuance through APIs or portals, explained AXA XL.
Lastly, freight forwarders also provide shipper’s interest coverage as a value-added service, giving shippers access to protection without having to secure separate policies.
Ken Mueller, Head of Inland Marine, AXA XL, commented, “Highlighting Shipper’s Interest coverage reinforces our commitment to delivering flexible, industry-specific solutions that address the changing needs of transportation companies. Together with USMIG, we’re ensuring our clients have comprehensive protection for their assets throughout the supply chain.”
Joseph DiPaola, President, USMIG, added, “Our collaboration with AXA XL reflects how we’re adapting to a shifting supply chain landscape. By focusing on Shipper’s Interest insurance, we help fill gaps left by traditional inland marine policies and provide shippers and consignees with peace of mind across domestic and international routes.”
