Insurtech managing general agent and Lloyd’s coverholder Loadsure has entered into an exclusive partnership with broker NFP’s Canadian operations. Loadsure will provide cargo and shippers’ coverage to NFP’s Canadian logistics clients shipping cargo globally, including inland transit.

Johnny McCord, CEO of Loadsure, said: “Every day, millions of loads are transported under or uninsured. This business busting reality only exists because traditional insurance processes can’t keep up with the just-in-time needs of brokers, shippers, and carriers.

“Additionally, labour intensive underwriting makes transactional coverage prohibitively expensive. Through AI and automation, we underwrite risk in real-time, providing instant coverage and granular pricing that cuts per-load coverage costs by up to 80%.”

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