ATI.SU: Cargo Insurance Calculator

2022: Single Window Policy Design

"ATI.SU Freight Exchange" March 28, 2022 announced the update of the online insurance service.

According to a survey conducted by ATI.SU Freight Exchange, 40% of logistics market participants use insurance tools as of March 2022 in order to minimize their risks. The survey was attended by cargo owners, carriers and forwarders.

Most often, high-risk cargoes are insured - food, cigarettes and alcohol, as well as expensive and complex equipment for transportation.

At the same time, the study participants noted that the process of issuing an insurance policy itself often causes difficulties: in particular, with the choice of a trusted company and the optimal tariff. Some experienced negative experiences where insurance premiums were not paid in the event of an incident, especially theft of cargo. Others consider it difficult to choose the right tariff according to the cost of transportation. Some of the participants in the study consider the process of obtaining the policy too costly, in terms of time.

In order to make insurance more affordable, the ATI.SU Freight Transportation Exchange has updated the Cargo Insurance Calculator service - now it works in single window mode. It allows you to calculate the insurance rate depending on the type and value of the cargo, the points of departure and receipt, as well as a number of special conditions (for example, perishable cargo or the availability of security) and additional risks (for example, the risk of fraud). If the result is optimal, then the cargo owner, carrier and forwarding agent can insure liability without leaving the Calculator page - it is enough to make an application, leaving details in it and conclude an insurance contract online. The policy comes to the Personal Account of the Exchange user. It can be downloaded, printed and used as a regular "paper" insurance policy, for example, to be included in the carrier's document set.

The Exchange user can insure the cargo not only on the Calculator page, but also directly from the Loads tab, while the cargo information is loaded automatically for calculation. It is also possible to duplicate the data of old saved insurance policies if the same cargo is regularly delivered in the same direction.

Our lawyers annually process more than 1,500 claims of the type "Loss, damage or lack of cargo" and "Theft of cargo." In the context of a logistical crisis, this figure can increase significantly. So far, it is possible to minimize risks only with the help of insurance. But in the traditional format, the insurance service is inconvenient to many, so we bet on completely transferring it online. We select proven insurance companies that are able to work precisely in the field of logistics, help potential insurers correctly calculate the tariff, send the policy to their personal account, etc., "said Svyatoslav Wilde, founder and director of ATI.SU Freight Exchange.