Stop claims you can see coming.
The London cargo market absorbs tens of millions a year in losses that were forecastable 12 hours before they happened. We make sure the right person gets the warning, in time to act.
A claim is the receipt for a decision nobody made.
Cargo underwriters know the loss profile of every weather peril by heart — convective storms over the Gulf, monsoon flooding in South Asia, North Atlantic icing, Mediterranean heat. They model these losses for pricing every year. But pricing the loss is not the same as preventing it.
Most weather-driven cargo losses are foreseeable hours, sometimes a day, in advance. The forecast existed. The signal didn't reach the loader, the dispatcher, or the receiving warehouse. The claim followed.
FlightSure plugs the missing link: a 12-hour weather-loss model that runs on the underwriter's exposure and pushes preventative warnings into the insured's operational workflow.
Five decisions, made per consignment.
“We've turned a percentage of the loss ratio into a service line for our brokers.”Head of CargoBeazley