Zuru provides access to SMEs, logistics operators, and goods exporters with digitized cargo insurance coverage workflows and modern user experiences. The partnership provides access to offshore delay policies underwritten by international underwriters, via Otonomi’s US-MGA program.
- Peru to the United States
- United States to Peru
- Worldwide — United States — Peru
- Peru — United States — Worldwide
By joining forces, Otonomi and Zuru Latam aim to provide comprehensive, easy-to-access, embedded parametric insurance options to clients involved in international cargo operations.
Key Benefits of the Partnership
- Tailored Coverage: Clients can expect personalized parametric insurance policies that precisely match their specific air freight requirements, reducing coverage gaps and supply chain disruptions.
- Efficient Claims Processing: Otonomi’s platform simplifies claims processing by automating the evaluation of critical delay events, ensuring a rapid and seamless experience for clients.
- Risk Mitigation: logistics operators, carriers, customs brokers, and other key logistics players can now proactively manage their exposure to delays and associated costs, making their operations more resilient and cost-effective.
Yann Barbarroux, CEO & Co-Founder, Otonomi: “Team Otonomi is thrilled to embark on a groundbreaking journey with Zuru Latam in revolutionizing the insurance of perishables goods in-transit and time-critical cargo. Our first-to-market delay insurance distribution partnership marks a significant leap forward, ensuring reliability, providing unique supply chain risk solutions and peace of mind to cargo owners, shippers and exporters of time-sensitive assets in the Latin American region. Together, we are not just distributing a novel freight delay risk coverage, we are also delivering a commitment to excellence and efficiency in the world of global logistics.”
Gianmarco Scarsi, CEO and Founder, Zuru LatAm: ”I am thrilled to announce our partnership with Otonomi.ai for the implementation of air cargo delay insurance in Peru. This innovative solution will revolutionize the transportation of perishables by air, ensuring greater reliability and peace of mind for our clients. Together, Zuru Latam and Otonomi.ai are set to elevate the standards of air cargo logistics, providing a seamless and secure experience for the transportation of perishable goods in our region. “
This partnership demonstrates the insurtech industry’s commitment to delivering value through innovative collaborations. Zuru LatAm and Otonomi look forward to working together to create a more resilient and secure future for freight businesses worldwide.
Otonomi, a US licensed MGA and registered Coverholder, offers delay insurance for time-critical freight, a $6 Trillion market. Our unique product enables cargo shippers to mitigate their financial losses arising from freight delays, including but not limited to: business interruption, loss of sales, consequential damages, and contractual obligations penalties. Powering fully-automated online quoting and policy binding, freight forwarders white-label our platform to offer delay coverage in minutes. Our delay claim automation not only brings transparency to clients but also settles within 48 hours, making it the fastest cargo insurance settlement in the market.
For more information, visit www.otonomi.ai
About Zuru LatAm
Zuru LatAm is the first insurtech in the region focused on on-demand transportation insurance for importing and exporting SMEs. It began operations at the end of 2020 and currently serves SMEs in Peru and Mexico. Zuru’s goal is to be the digital platform that provides the best self-management experience, efficiency, simplicity and adequate cost of insurance in LatAm.
For more information, visit www.zurulatam.com
Read full article: https://www.otonomi.ai/media/distribution-partnership-zuru-latam