In the insurance industry, there has been a notable increase in #cargoclaims in recent years. Why?
- Loss ratios and expense ratios are rising.
- More frequency and severity of cargo claims.
- An increase in claims being put forward during COVID-19 by freight forwarders, importers and exporters. This is mostly due to a lack of operational income. Every penny counts!
- Mobile apps, virtual appraisals, and artificial intelligence-driven straight-through processing are among the innovations reinventing the claims value chain.
To claim under a Marine Cargo Insurance Policy, contact us.
