LoadStar Insurance Services, a managing general agent (MGA), has announced a partnership with Redkik to modernise and streamline customs inspection coverage for businesses worldwide.
Customs inspections frequently cause bottlenecks in global supply chains, leading to unexpected costs, delays, and inefficiencies, according to InsurTech Insights.
Through this partnership, LoadStar’s specialised insurance solutions will be powered by Redkik’s policy administration technology, ensuring businesses can quickly and efficiently secure customs inspection insurance.
Redkik’s AI-driven platform enables automated and seamless insurance acquisition, helping businesses mitigate both financial and operational risks.
By integrating this advanced technology, the partnership enhances supply chain resilience, allowing businesses to recover more swiftly from unpredictable customs delays and operate more smoothly.
LoadStar Insurance Services is an MGA specialising in tailored insurance solutions for the logistics and transportation industry. The company is committed to delivering innovative and efficient coverage solutions to mitigate risks associated with international trade.
Redkik is a technology company focused on digitising and simplifying insurance processes for the logistics sector. By leveraging artificial intelligence and automation, Redkik aims to improve efficiency and accessibility in transportation and supply chain insurance.
This collaboration represents a significant step in digitising insurance for the logistics industry, bringing a tech-driven approach to managing the risks associated with international trade.
The partnership could set new standards in the sector, promoting more efficient, reliable, and cost-effective trade practices.
Chris Kalinski, CEO at Redkik, praised the collaboration. “We are very excited to announce yet another MGA collaboration, paving the way for many more to utilise Redkik technology to streamline and manage their insurance offerings. The LoadStar integration will significantly improve supply chain resilience, a crucial factor for businesses in a globalised economy.”
Dan Williams, president at LoadStar Insurance Services, also expressed enthusiasm for the partnership. “Together with Redkik, we look forward to providing our clients with a one-of-a-kind insurance experience that truly understands and addresses their unique needs. Hopefully, the initiative could act as a catalyst for change, promoting a more proactive and predictive approach to managing risks in international trade.”
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