Redkik is set to overhaul how marine cargo insurance is transacted in Europe as it announces a strategic partnership with Howden Insurance Brokers AB together with insurer Chubb.
New partnerships aim to improve and transform cargo insurance for the transportation and supply chain industry by offering InsurTech / SaaS solutions in Europe by initially launching in Sweden.
Oxford, MD, USA & Joensuu, Finland. April 4th, 2022 - Redkik, a global software company with the mission to simplify and improve the cargo insurance industry with technology, today announced a strategic partnership with Howden Insurance Brokers AB, a leading provider of insurance brokerage and risk consulting. The partnership aims to transform insurance provision for the logistics and transportation industry with a quick, straightforward and compliant digital solution.
By partnering together, the companies are offering on-demand, per shipment insurance, underwritten by Chubb, for instant premium quotations at the time of freight being booked. This expedient process is coupled with competitive pricing and clear policy wordings for customers’ specific needs.
“Redkik has been truly impressed with working with Howden and Chubb, as they have been nothing but dynamic in supporting this partnership and imminent launch across Europe. Redkik’s technology, Chubb’s well established insurance capabilities and Howden as the insurance intermediary has led to a transformative partnership that will change the way we think of cargo insurance,” said Chris Kalinski, CEO and Founder of Redkik.
“Chubb has been in the marine insurance business for more than 230 years and we are very proud to partner with Howden to introduce to the European market this solution which truly modernises the provision of cargo insurance,” said Paul Woodgate, Regional Executive Officer, Northern Europe at Chubb.
The new SaaS solution for cargo insurance is now available for transport intermediaries to distribute in Sweden, with the intention of becoming available across Europe shortly after this initial pilot. This follows a successful launch in the US in 2021 and increasing availability extending to Asia and Latin America during 2022.
Redkik is a global InsurTech start-up with the mission to transform and improve the insurance industry for all parties within logistics and transportation. There is no more need for annual and complex insurance policies. Through Redkik’s embedded integration with licensed cargo insurance providers, transport intermediaries can now offer their customers on-demand per shipment, customized cargo insurance at the time of their freight being booked.
Howden Insurance Brokers Ltd is a leading provider of insurance brokerage, risk consulting, and employee benefits advice. Howden is the broker built to serve clients in a changing world – they have the agility and attention to detail of a specialist broker, combined with the scale, advantage, and legacy of a business with over 25 years to its name. Part of the Howden Broking Group, they help to place over $7B of client premiums into international markets and offer clients access to a global broking network and international specialty markets, with offices or partners in over 90 territories worldwide.
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, Chubb assesses, assumes and manages risk with insight and discipline. Chubb services and pays claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company, Chubb Limited, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 31,000 people worldwide.
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