Cargo claims on the rise

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.

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