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Amwins Partners with Loadsure to Deliver Instant, Per-Load Cargo Insurance to the U.S. Freight Industry
POWERED BY AI AND PREDICTIVE ANALYTICS, LOADSURE CAPABILITIES WILL HELP AMWINS RETAIL PARTNERS CUT TRANSACTIONAL COSTS BY 80%, RECEIVE INSTANT COVERAGE, AND ACCELERATE CLAIMS
LONDON – April 14, 2021 – Loadsure announced today 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.
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ABOUT LOADSURE
Loadsure, an international Insurtech M3anaging General Agent (MGA) and Lloyd’s coverholder, leverages automation and machine learning to provide an industry first: pay-as-you-go, all-risk smart insurance for brokers, shippers, and carriers. Through Loadsure.net and leading TMS platforms, transactional coverage can be automated—or secured in less than a minute—with claims resolved in minutes. Visit loadsure.net.
ABOUT AMWINS SPECIALTY LOGISTICS UNDERWRITERS
Amwins Specialty Logistics Underwriters (ASLU), an Amwins company, is a managing general agency specializing in the complex risk factors of the logistics and cargo industry. ASLU is dedicated to offering a high level of service to their clients through a unique balance of industry knowledge, responsiveness and technology. Visit amwins.com/aslu.
ABOUT AMWINS GROUP, INC.
Amwins Group, Inc. is the largest independent wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products and administrative services. Based in Charlotte, N.C., the company operates through more than 125 offices globally and handles premium placements in excess of $22 billion annually.
MEDIA CONTACT
Meshach Weber
Loadsure LLC
+1 (612) 516-3473