Zurich rolls out marine platform

Zurich is accelerating the broader roll-out of a new marine insurance platform for small and medium cargo.

The Zurich Swift Insurance Platform provides web-based, tailorable cover using automation technologies, allowing brokers and intermediaries to manage the full policy lifecycle for single shipment and annual cargo policies.

This includes receiving quotes, checking existing trade and economic sanctions, binding and renewing policies, making mid-term adjustments and issuing certificates.

Howard Kingston, Zurich’s global head of marine, said: “The Zurich Swift Insurance Platform provides comprehensive and tailored marine insurance for small and medium cargo in a very timely manner, and is a perfect example of our commitment to simple and efficient solutions.”

Marine insurance requirements have changed with the expansion of international trade leading to increased risk exposures, and while globalisation gives a growing number of companies the opportunity to ship goods worldwide, it also creates more complex supply chains and risk exposures that can impact the ability to deliver goods safely.

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