We come across clients who perceive that a Freight Forwarders Liability policy acts the same as a blanket Cargo Insurance policy. However, this is not the case, and this misinterpretation can land the freight forwarder in hot water. Both insurance policies can cover lost or damaged cargo, but how they respond is significantly different. The […]
Azure Risk’s Managing Director Anmol Sawlani shares his perspective. “The sanctions impact is an issue. That said, most insurers had already excluded Russia, meaning arranging cover via most international markets for cargo involving Russian entities will be near impossible.” As reported by InsuranceAsia News, the situation in Ukraine and Russia has taken much of the […]
Azure Risk’s Managing Director Anmol Sawlani shares his perspective. The over-riding issue regarding Covid-19 and cargo insurance has been the accumulated values at ports, said Anmol Sawlani, a Hong Kong-based director at broker Azure Risk. These are higher than normal due to shipment delays, he added. These accumulations can breach policy limits when extensions have […]
Our value add There will always be a need for brokers who deeply understand customer needs and create the right combination of coverages as we do. We’re with you throughout your insurance journey.
Efficient cargo insurance – we’ve got you covered 24/7 Multi-user access, full transparency for management, operations and sales teams. Fully downloadable reports and generation of professional-looking quotes using our digital platform ‘Edge’ are some of our efficient cargo insurance benefits.
How we handle cargo insurance amendments/referrals Fast turnaround is important to our clients, and lightning speed amendment and referrals are possible using our digital platform ‘Edge’. We also handle out of the box shipments quicker than ever using Edge.
Cargo insurance made easy using ‘Edge’ Clients, operations, and sales staff have 24/7 access to our digital platform ‘Edge’ to instantly issue policies and quotations to their own customers. Clients regularly say that they never thought that learning a new system would be so easy. Onboarding of Edge by video call takes less than 10 […]
Why our cargo insurance clients value us Cargo insurance is a specialist line of insurance. We’re well versed in the intricacies and pride ourselves on tailoring a policy to suit our clients. In the event of a claim, we’re with you every step of the way.
Where we see the majority of cargo insurance claims With ongoing shipping delays, there’s a greater risk of exposure at sea or port and related damages (water damage, theft) as it’s taking longer for transits to occur. General Average incidences are on the increase (Ever Given Suez Canal blockage and Zim Kingston fire). Most policies […]
Three cargo insurance misconceptions Three common cargo insurance misconceptions: #1 “All policies are created equal.” #2 “Cargo insurance is confusing.” #3 “It’s just a cost, and why should I pay for it?” We’re with you every step of the way, and we’ll guide you to ensure the policy suits your shipping requirements.