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The importance of independent data in supply chains

Leveraging independent cargo monitoring data in the marine cargo claims handling process


Webinar |  15th of April at 3PM CEST
 
Maritime incidents tend to be complex, complicated and time-consuming. While there is a myriad of data around us, insurers and beneficial cargo owners are still struggling to assess what is happening to the cargo while it is transit and who is responsible for incurred damages. This complicates the cargo insurers claims handling process.

The marine cargo insurance industry is about to change. Client claims processes can be accelerated as both insurers and their insured clients have access to a single, reliable and potentially shareable source of independent data. Using IoT enabled sensor devices on shipments which monitor the location and condition of cargo while it is in transit, enables shippers and insurers to gain an unprecedent level of understanding on supply chain quality conditions. This can expedite the settlement process and reduced total claims cost while also improving the recovery opportunities against carriers.

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