Redkik, a world insurtech acquiring software methods for the cargo insurance coverage business, has shaped a new strategic partnership with Howden Insurance coverage Brokers AB, with each other with Chubb.
The new partnership appears to be like to remodel coverage provision for the logistics and transportation industries by means of a streamlined electronic option. The partnership will see Redkik and Howden present on-demand from customers, per cargo insurance policy that is underwritten by Chubb.
According to a release, quick quality quotations for electronic cargo coverage products can be produced at the time of freight remaining booked. Competitive pricing and crystal clear coverage wordings will also be featured via the on-demand software program-as-a-company (SaaS) alternative.
The SaaS remedy is currently out there for transportation intermediaries to distribute in Sweden – with plans to develop availability across Europe following this preliminary pilot.
“Redkik has been genuinely amazed with doing work with Howden and Chubb, as they have been nothing at all but dynamic in supporting this partnership and imminent start throughout Europe,” mentioned Redkik founder and CEO Chris Kalinski. “Redkik’s technology, Chubb’s very well proven insurance policies abilities and Howden as the insurance plan intermediary has led to a transformative partnership that will change the way we consider of cargo insurance plan.”
“Chubb has been in the maritime coverage enterprise for much more than 230 decades and we are pretty very pleased to associate with Howden to introduce to the European marketplace this option which certainly modernises the provision of cargo insurance,” reported Chubb Northern Europe regional government officer Paul Woodgate.
A release pointed out that Redkik’s European cargo insurance policy SaaS start follows the thriving debut of the solution in the US in 2021 and its expanded availability in Asia and Latin America in 2022.