INTTRA to Offer Cargo Insurance on e-Commerce Network
Hong Kong headquartered FP Marine Risks provides insurance program to INTTRA network members via INTTRA's e-commerce platform.
Leveraging the buying power of the INTTRA network, INTTRA members can elect to purchase cargo insurance at competitive rates during the shipping process through Alto, FP Marine Risks’ online insurance platform. Effective immediately, shippers can click a link to request a quote from FP Marine Risks through the INTTRA platform, embedding the ability to purchase cargo insurance into their shipping workflow – automating and streamlining the insurance buying process and eliminating duplicate, error-prone data entry. Insurance certificates are issued online and serviced by Lloyd’s of London broker FP Marine Risks.
“Purchasing cargo insurance is a part of the shipment management workflow. Enabling shippers to simplify this process and embed it into their automated ocean freight management workflow is a win-win for shippers,” said Philip Bilney, Group Chief Executive at FP Marine Risks. “Now through the combined strengths of INTTRA in ocean shipping e-commerce and our cargo insurance platform Alto, we can offer INTTRA customers a unique and customized solution at a very competitive rate.”
Small to mid-sized shippers and freight forwarders will be able to insure cargo more easily with the competitive rates offered through INTTRA, with no requirement for bonding, and premium payments due on a Net 30 basis. Shippers can further avoid the time consuming process of calling brokers and waiting for quotes and certificates of coverage. The quote, purchase, and issuance of the certificate of insurance are available online and integrated into the shipment management process.