InsurTech MGA Loadsure received capacity from insurer Tokio Marine Kiln

InsurTech MGA Loadsure has received capacity baking from leading specialist international insurer Tokio Marine Kiln to further enhance its data driven freight protection offering.

By leveraging powerful predictive analytics tools, InsurTech Loadsure has set out to deliver on-demand spot freight cargo insurance to the US market, enabling brokers, shippers and carriers to cut costs significantly.

Founded in 2018, Loadsure is the industry’s first digital-native InsurTech MGA and Lloyd’s coverholder. It directly addresses the freight underinsurance crisis with data powered, AI-priced, on demand cargo cover.

This collaboration is part of a broader approach undertaken by Tokio Marine Kiln as they look to drive digital innovation and modernisation within the market.

The partnership aims to develop a framework that will enable Loadsure to further expand its platform capabilities, supported commodities and geographic outreach, as well as promote the development of its overall growth strategy.

Loadsure’s dynamic and integrated platform is an example of an agile programme that supplies cost-effective, flexible insurance. As the market evolves and modernises, we are committed to supporting ventures like this.

In March 2022, Loadsure raised $11m in Series A funding led by MMC Ventures for its freight insurance technology.

by Peter Sonner