Increased customer satisfaction and retention
Take risk off the table and offer your customers extensive per-load cargo insurance with a click of a button
Currently more than
half of global shipments are being shipped uninsured
Even more under insured due to inefficiencies and lack of automation
Insurance doesn’t need to be complicated
Let’s be honest, buying insurance is annoying. The complex process requires a lot of time, not to mention the time spent handling claims. This doesn’t need to be the case for your forwarding company or for the shipper.
With a single click, Redkik allows freight coverage to be acquired on a per shipment basis, allowing the shipper to decide at the time of booking the transportation if they want to cover their cargo – our AI and machine learning algorithms will do the rest.
Coverage tailored to your customers’ needs
In today’s market the customer should be in the driver’s seat. Traditional off-the-shelf policies do not reflect this as they give you little to no flexibility and they rarely cover 100% of your customers’ needs.
Redkik’s single trip cargo insurance solution gives you maximum flexibility, while our AI and machine learning algorithm makes sure your customer only pays for what they need so that their requirements are satisfied.
Lightning fast
How long does your insurance process usually take? 14 days? A week?
How about less than one second? Redkik’s API integration taps into your existing booking platform and offers a quote in a second which can be accepted or denied without the need to re-enter shipment details on another website.
Process automation
Today, everything is automated – Why should insurance be an exception?
After the easy API integration, our software will handle the entire insurance process so you can forget about it and focus on your core business.
Learn more about Redkik’s API integration
Shippers Interest Insurance
Per-load cargo insurance has traditionally been out of reach for many in the logistics industry due to high premiums and deductibles, long claims processes and limited coverage. Forget all of that and enter the new era of Shippers Interest Insurance.
Introducing, The Redkik Difference
- Higher degree of protection for freight loss and damage
- Door-to-door coverage
- Free cancellation
- Cover includes value of shipped product, shipping costs, plus 10%
- Low deductibles
- Eased management for making a claim and fast turnaround
- Low minimum premiums for extensive coverage
- Protection against Acts of God, strikes, riots, civil commotions, and terrorism
Direct Value-add for Everyone
Whether you, as a transport intermediary or a freight forwarder, are taking transport requests over the phone or via an online booking portal, Redkik’s integrated solution will enable you to offer instant coverage conveniently without any costs or commitments.
It doesn’t matter whether you already offer cargo insurance for your customers, or if you’re just browsing your options, our experts will help you determine the best and most cost-effective solution for your business needs.
Instant Cargo Insurance Quote
Freight covered instant so you have time to focus on your core business
No more one-size-fits-all
Extensive coverage tailored to your customers’ particular needs
Global Partner Network
Policies from the most established insurance companies at your fingertips
Risk minimization
Fully cover your shipment, not just liability
New revenue stream
Add a profitable and compliant revenue stream for your transportation company
Dynamic Pricing
Our AI and machine learning algorithms offer tailored pricing for actual needs
What people say about us
Our clients are focusing more on technology and automation – we had a need for an automated insurance option that allows our customers to quote and purchase insurance on their freight shipments effortlessly within our TMS platform. Redkik was the perfect solution to meet this need. Our clients quickly adopted the automated insurance function. With Redkik’s partnership, our TMS platform is a one-stop shop for our clients and shippers.
What people say about us
We have been very happy with the rollout of Redkik’s technology and the seamless integration with our underwriting system. The feedback from the first customer has been extremely positive—they were impressed with the modern interface. It’s clear that Redkik’s approach is making a meaningful difference in simplifying the insurance process
What people say about us
I see Redkik as a valuable tool that will assist Oakcliff and many other programs as we move boats and equipment around the world to different events.
What people say about us
Redkik’s dynamic insights, data science and artificial intelligence have revolutionized the insurance industry. Their cutting-edge technology gives new tools to underwriters so now they can establish dynamic, risk-sensitive pricing for shipments. These tools help insurers and their clients understand and avoid risks. That’s revolutionary. Redkik introduces game changing opportunities for all stakeholders in insurance transactions to manage risks actively and effectively.
What people say about us
I recently purchased a new sailboat. I was unable to drive across the country to pick it up myself, so I hired my local marine services company to facilitate the delivery. They sat down with me and went over the quote process and I was surprised at how simple it was to get my boat delivery insured using Redkik’s technology, and I work in the software industry! It was even easier than calling my insurance agent.
What people say about us
I love how easy the solution is to use. Redkik saves us a lot of time so we have more time to concentrate on our core business. Receiving the Certificate of Insurance instantly is a big bonus!
What people say about us
Redkik is a one-stop, easy process that has simplified insuring shipments for my company. Previously uninsured cargo can now be covered within a few minutes.
How does Redkik’s embedded solution work?
Redkik’s embedded insurance software is painfully simple for the user, meanwhile in the background endless data points are being analyzed and compressed into the most accurate price.
As our solution can be fully integrated, you can continue to conduct your current sales process without changing anything.
A transport is booked via your online system
Redkik automatically picks up the shipment details
Redkik instantly generates an insurance quote
Insurance quote is accepted
Redkik sends quotation email to shipper
EU Only?
To stay compliant with EU’s Insurance Distribution Directive the booking-holder must be sent a non-obligated quote which they can accept independently
Your customer confirms the purchase
EU Only?
To stay compliant with EU’s Insurance Distribution Directive the booking-holder must be sent a non-obligated quote which they can accept independently
Done! Confirmation email with insurance binder is sent to shipper
Other providers
Integrated to existing booking systems
Seamless integration
No
Embedded solution
No annual fees
Pay now and pay later option
Risk modelling using AI and ML
Sanctions check
Long process
Transactional insurance pricing
Instant quotation
Instant coverage
Usually takes 3-14 days
War Coverage
Included in Redkik Difference
No
SR&CC Coverage
Included in Redkik Difference
Limited
TRIA (terrorism) Coverage
Included in Redkik Difference
No
Cancellability policy
Cancellable up to the day after
Restricted
No cancellation fee
Covers all modes of transport
Limited
Storage coverage up to 30 days before, during and after shipment
Worldwide coverage
Limited
Broad commodities coverage
Limited
Commonly excluded commodities covered
Low deductibles
Yes, even as low as $250
No
More than one established insurance partner
Limited to 1 insurance partner and policy
Additional revenue stream for partners
The all-in-one InsurTech solution – without shortcuts
Redkik’s innovative software and business model gives us perks no other service provider has. When designing our solution, we made sure to take no shortcuts which would restrict our partners’ from reaching their goals.
Learn how we do it, and how you can benefit from our solution.
Our Trusted Insurance Partners
With Redkik’s on-demand cargo insurance solution, transport intermediaries and freight forwarders get access to policies from the largest insurance providers instantly.
Send us a message
Please provide your contact information and we will get in touch as soon as possible.
Or skip the form and book a free demo
With Redkik you can
- Offer transactional insurance via your platform
- Give your customers instant peace of mind
- Add a new revenue stream for your forwarding company
- Forget annual fees and commitments
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