Digital Partnership to Simplify Cargo Insurance Purchases

Conqueror Freight Network, an exclusive freight network, announces a collaboration with Redkik, a cutting-edge platform specializing in streamlining the cargo insurance acquisition process. This partnership marks a significant milestone in Conqueror’s journey toward becoming a truly digital forwarder.

The collaboration introduces an exclusive feature within the Conqueror Member Area, allowing members to seamlessly purchase insurance for their shipments directly through the Intranet. In an industry where securing the right insurance coverage can be a complex and time-consuming task, this integration offers a simple and user-friendly solution for Conqueror’s members.

Redkik’s distinctive advantage lies in its technological solution providing instant insurance quotations based on geographical locations. This state-of-the-art feature ensures members can add proper coverage to their shipment no matter the origin and destination. Through this customized approach, Conqueror members can choose insurance coverage that precisely matches their individual needs and preferences.

“We are thrilled to embark on this transformative journey with Redkik,” said Antonio Torres, the President and Founder of Conqueror Freight Network. “Our collaboration signifies a commitment to enhancing the overall experience for our members, making insurance procurement more accessible, efficient, and tailored to their requirements,” he added.

Cargo Insurance Purchases

As the digital landscape in logistics continues to evolve, Conqueror remains at the forefront, leveraging strategic partnerships to provide its members with innovative tools and services. For now, the insurance feature will be offered through Conqueror’s Intranet, but this tool will be integrated into FreightViewer – Conqueror’s member-exclusive online quoting platform – to achieve seamless integration in quoting shipments.

Redkik CEO, Chris Kalinski, shares his view of the partnership: “Redkik is honoured to be able to support Conqueror in its commendable digitalization goals through enhanced technology capabilities. Partnership like this is instrumental in moving the entire shipping industry toward a hassle-free insurance process that is accessible to all.”

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Game-Changing Partnership in Logistics Insurance

Otonomi, specialist in innovative supply chain risk technology and the freight insurance industry, has joined forces with Redkik, a leading innovator in the embedded cargo insurance space, to revolutionize the way logistics companies and shippers mitigate their financial risks. This ground-breaking partnership is aimed to bridge a $50 billion protection gap in the time-critical freight sector, where shippers of pharmaceuticals, perishables, aerospace engines, aircraft parts, and many other expedited assets shipments are in dramatic need of proper insurance coverage.

Powered by proprietary technologies in data-activated triggers, AI-assisted underwriting, and seamless integrated API, this synergetic partnership introduces unparalleled values to cargo owners to gain transparency and mitigate their risks. The unique set of benefits includes: 1) seamlessly embedded insurance solutions, 2) premium rates pricing in seconds, 3) policy binding in minutes, and 4) parametrically activated claims resolution which provides outstanding transparency and speed (22x faster than industry standard).

Logistics companies and shipping clients have long grappled with the cumbersome and time-consuming process of obtaining insurance coverage and filing claims. Redkik and Otonomi’s joint innovative solution aims to streamline and modernize this critical aspect of the industry, ultimately improving efficiency and profitability for all stakeholders involved.
Key Benefits of the Partnership

This collaboration brings unparalleled benefits to an industry always in motion:

● First-to-Market Air Cargo Delay Insurance: Otonomi introduces air freight delay protection policies that are unprecedented in the industry. Otonomi’s Cargo+ policy coverage offers logistics companies and cargo owners fast, cost-effective, and transparent operations, reducing financial risks associated with delays in cargo shipments.
● Instant Transactional Insurance Quotations: Through the integration of Redkik’s cutting-edge technology along with Otonomi’s algorithmic underwriting engine, clients can now receive instant insurance quotes, simplifying the decision-making process and allowing for quicker coverage acquisition.
● Remarkable Reduction in Claim Resolution Times: The platform, with its data-activated triggers and smart contracts, dramatically reduces claim resolution times, by orders of magnitude. This swift resolution process minimizes disruptions to logistics operations and ensures faster claims payouts.
● Significant Administrative Cost Savings: Redkik and Otonomi’s integrated digital wallet and automated processes substantially cut administrative costs, allowing companies to allocate resources more efficiently and improve their bottom line.
● Enhanced Coverage and Risk Management: The coverage is further enhanced by AI-assisted portfolio risk models and advanced stressed scenario capabilities. This not only opens up new markets but also creates greater opportunities for profitability.

Quote from Otonomi: ”Team Otonomi is thrilled to announce a ground-breaking partnership with Redkik that redefines the insurtech landscape. Together, we are embarking on a journey to revolutionize supply chain risk management by directly embedding insurance solutions into logistics companies and shippers’ ecosystems. Bringing cargo delay quotes in seconds, resolving claims 22 times faster than industry standard, all wrapped up seamlessly thanks to modern API integrations, Otonomi and Redkik empower clients to mitigate freight disruption risks efficiently.”

Quote from Redkik: ”We are proud to join forces with the innovative team at Otonomi. Although often mistaken to be competitors, we actually compliment each other extremely well. Adding an air cargo delay insurance to our existing offerings is yet another powerful value add to all of our existing and future clients and partners. Working with the team at Otonomi has been a lot of fun and we are looking forward to continue to work closely together in the future.”

Transactional Insurance Acquisition Transformed

Redkik, an innovative global software company and Lockton Companies, the world’s largest privately held insurance broker, are thrilled to announce a strategic partnership with McLeod Software, a provider of transportation dispatch, accounting, operations, brokerage management software, and document management systems specifically developed for the trucking industry. This collaborative effort marks a significant milestone in reshaping how logistics and transportation companies manage insurance and streamline operations.

With a mission to simplify and improve the insurance industry, Redkik is revolutionizing the way cargo insurance is acquired and managed. Their integrated solution provides instant Certificates of Insurance (COIs) at the time of booking, along with comprehensive administrative, financial, and claims support, offering peace of mind and operational efficiency to industry players.

Lockton Companies supports Redkik by providing insurance programs and relationships to support Redkik’s solutions for cargo and other transactional products. This includes claim support and risk control services for the trucking industry.

McLeod Software is renowned for delivering advanced management solutions and services tailored specifically to the trucking industry. With a focus on increasing efficiency and reducing costs, McLeod Software empowers transportation companies to enhance customer service levels, optimize operating ratios, attract and retain the best drivers, and automate processes to eliminate inefficiencies.

This strategic partnership among Redkik, Lockton and McLeod Software unites industry leaders dedicated to fostering growth and efficiency within all logistics and transportation sectors. By integrating Redkik’s cutting-edge technology and product delivery platform with Lockton’s best in class insurance solutions and McLeod Software’s comprehensive suite of management tools, transportation companies will gain access to a complete ecosystem of resources and support to drive operational excellence.

Chris Kalinski, CEO, and Founder of Redkik, expressed excitement about the partnership, saying, “We are thrilled to join forces with these transportation industry giants in our mission to revolutionize the supply chain. This partnership signifies our commitment to simplifying complex processes and providing McLeod’s clients with the tools they need to thrive.”

Ben Morgan, Head of the Lockton Transportation and Logistics practice in Texas, said, “The transportation world is changing by the minute. The technology solutions available from these strong companies revolutionize the delivery of real-time meaningful risk management and insurance products and services. We’re proud to be a part of the effort.”

Ryan Sparrow, Product Manager of McLeod’s Logix Solutions/DocumentPower resonated the excitement, “We are excited to add Redkik’s technology and insurance solution to our product offering and hope to provide our clients with the simplest possible way to add insurance to a transport.”

The partnership among Redkik, Lockton and McLeod Software is poised to redefine how logistics and transportation companies approach insurance and operational management. Together, these industry leaders aim to provide a comprehensive solution that not only enhances competitiveness but also ensures peace of mind for all stakeholders.

Born of personal industry experiences, Redkik provides a global InsurTech solution curated with the mission to transform and improve the insurance industry for all parties within logistics and transportation. Through Redkik’s easily embedded integration, the acquisition of appropriate cargo insurance has never been easier. Instant COIs at time of booking coupled with administrative, financial, and claims assistance take the time and guesswork out of insurance and provide peace of mind.

Next-Gen Cargo Insurance for Uber Freight

The integration offers instant access to competitively-priced Less-Than-Truckload (LTL) cargo insurance to Uber Freight’s network of shippers facilitated through Redkik’s robust software. This seamless, real-time insurance coverage is available at the point of booking a shipment for transport, aligning with the fast-paced, evolving demands of the modern transportation industry.

Today marks a significant milestone in supply chain management as Redkik, a leading global software company, unveils a dynamic collaboration with Uber Freight. This strategic collaboration will revolutionize per-load cargo insurance, integrating Redkik’s state-of-the-art InsurTech software into Uber Freight’s Shipper Platform.

Chris Kalinski, CEO and Founder of Redkik, praised the collaboration, “We are proud to join forces with the forward-thinking team at Uber Freight. Together, we are bringing substantial time and cost savings to the Uber Freight network, and reinforcing our commitment to delivering progressive, intelligent insurance solutions.”

Uber Freight has built one of the world’s largest digital freight marketplaces and managed transportation networks. Leveraging world-class logistics technology and industry expertise, Uber arms shippers of all sizes with the tools, transportation services, and insight they need to manage today’s complex freight market. In collaboration with Redkik, the latest Insurtech integration further streamlines the booking process, providing shippers with real-time access to LTL cargo insurance in just a few clicks.

“Our mission is to enhance our customers’ supply chain strategy and equip them with the necessary tools and service to deliver – cargo insurance is no exception,” stated Michael Bailey, Product Manager at Uber Freight. “By integrating Redkik’s innovative Insurtech solution directly onto our Shipper Platform, we’re able to streamline the process for our shippers and ensure they have the coverage they need 24/7.

Redkik is a trailblazing global software company, on a mission to streamline and enhance the insurance industry within the logistics and transportation sectors. Through leveraging advanced artificial intelligence and machine learning, Redkik’s proprietary technology produces instantaneous quotes, backed by premier insurance companies, and based on accurate data sets. This approach ensures reduced risk and maximized coverage for all shipment types.

Redkik Partner to Speed Transactional Insurance

Redkik, a global software company with the mission to simplify and improve the supply chain with technology, has announced its collaboration with Cover Whale, an American commercial trucking insurtech.

Redkik enables coverage to be purchased at the time of booking a shipment, which better meets the fast-paced needs of the transportation industry. Through the affiliation, Cover Whale can act as a source for shippers and freight carriers to instantly access per-load cargo insurance through Redkik’s software.

Transactional Insurance

“Cover Whale has quickly become the go-to insurance provider for America’s truckers and plays an important role in the U.S. freight transportation network,” said Chris Kalinski, CEO and Founder of Redkik. “We’re honoured to work with the innovators at Cover Whale who have been at the forefront of commercial trucking insurtech, and who share our passion for saving time and money for all involved.”

“Cover Whale is always searching for tech solutions that help the transportation industry work better. Redkik streamlines the tedious process of attaining transactional insurance coverage for shippers and carriers,” said Dan Abrahamsen, CEO of Cover Whale.

Redkik is a global software company with the mission to simplify and improve the supply chain for all parties within logistics and transportation. Utilizing artificial intelligence and machine learning, Redkik’s technology manages and administers annual insurance policies and can generate instant quotes backed by leading insurance companies based on actual data sets, providing lower risk and higher coverage for any type of shipment.

Webinar: Engineering Risk out of Insurance Transactions

Insurance of freight is about managing risk. Listen and learn about the Redkik revolution of the logistics insurance industry. The panel – Chris Kalinski of Redkik and Tom Ptacek of Lockton Industries, moderated by Editor Peter MacLeod, discuss how insurance calculation predictions and rates per mile are now possible, as is integration with transport management and brokering platforms. Freight insurance is becoming a variable, rather than a fixed cost. Marine risk insurance is the oldest in the world but has come a long way since Lloyds began.

Watch the 30 minute webinar here or choose from all our recent podcasts and webinars here.

Redkik is a global Insurtech company with the mission to transform and improve the insurance industry for all parties within logistics and transportation. Redkik’s platform eliminates the need for annual and complex policies. Through Redkik’s embedded integration with licensed cargo insurance providers, transport intermediaries can offer their customers on-demand per-shipment, customized cargo insurance when their freight is booked.

“Redkik has enjoyed expanding to the Asian market with ERGO; they have been nothing but knowledgeable in supporting this partnership and imminent launch across Asia. Redkik’s technology and ERGO’s well established insurance capabilities has led to a transformative partnership that will change the way we think of cargo insurance,” said Chris Kalinski, CEO and founder of Redkik.

“ERGO is excited to partner with Redkik. We want to transform the way Marine Cargo business is done in our region and offer instant quotes and issuance of the certificate of insurance to our customers in seconds,” said Karl-Heinz Jung, Chief Executive of ERGO Singapore.

This SaaS solution for cargo insurance is now available for transport intermediaries to distribute in Singapore and will soon expand through the rest of Asia. This follows a successful launch in the US in 2021 and Europe and Brazil in 2022.

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