Insurtech MGA Loadsure has launched two “next generation” digital ocean cargo & stock throughput insurance products.
“DanubeTM – Dynamic Ocean Cargo Insurance” and “HuronTM” are powerful tools for brokers, who will be able to quote cost-effective annual cover to their clients with unprecedented speed, utilising historical and real-time data to accurately price risk, Loadsure explains.
According to the announcement, the release of these two new products brings Loadsure’s revolutionary user experience to annualised insurance.
This will enable brokers to serve their clients with quotes for complex programs within minutes – providing sustainably-priced cover which consolidates the historical patchwork of labour-intensive, inefficient policies in one; eliminating coverage gaps, enabling massive operational efficiencies and cost savings for assureds.
Johnny McCord, Loadsure CEO and Founder, said: “We’re very pleased to unveil Danube and Huron. Loadsure was founded to make insurance efficient for the entire supply chain; by enabling the middle market with these new products we’re empowering insurance brokers to better serve importers/exporters, manufacturers, distributors and retailers, who need to protect their businesses.”
The product’s will be accessible through Loadsure’s intuitive digital portal and will be able to deliver data-powered quotes within minutes (subject to referral).
Other key benefits include a dynamic rating model ensures competitive, sustainable pricing; all-risk coverage for goods and merchandise in transit or at storage facilities; up to $10M per conveyance and up to $10M in limits for named storage locations*, including coverage for catastrophic perils.
As well as door-to-door protection from physical loss or damage – including Acts of God, loading damage, flooding, fire, roof collapse and theft; no minimum premium; and flexible payment terms – annual, quarterly or monthly.
