As the most experienced software vendor enabling the Lloyd’s Cargo market, Insurity helps carriers across international markets to leverage a digitally-capable, sanctions-compliant solution for their entire global cargo book of business
Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that it is providing P&C carriers with the most digitally-capable, sanctions-compliant solution in the global cargo market following Lloyd’s Certificate Office closure announcement. Insurity is the leading vendor in the market for online certificates and is the most experienced vendor in servicing the Lloyd’s Cargo Insurance market.
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In 2021, Lloyd’s Certificate Office announced its closure and that it will no longer be issuing certificates itself. Due to its deep experience, Insurity is one of two qualified vendors nominated by Lloyd’s to provide electronic certificates in its stead. Insurity’s cargo insurance management and certificate issuance solution, Insurity Marine Suite, is the most comprehensive, purpose-built software available, issuing nearly 4 million certificates annually from over 100,000 insurers, brokers, freight forwarders, and shippers worldwide.
Insurity’s cargo solution provides the capability to service global markets with any necessary certificate, not just Lloyd’s certificates. The digital platform is multi-browser, multilingual, multi-currency, and has complete digital platform capabilities, including built-in invoicing and billing, plus sanction screening. It provides customized branding, BI reporting and analytics, and support for complex multi-national policies. It is ideal for servicing all cargo policies, including complex freight forwarders and traders. Insurity’s Marine Suite enables cargo lines with complete functionality for managing shipment and storage declarations, certificate issuance, and the calculation of billings based on activity.
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“Insurity is best positioned to help carriers evolve with the global cargo market and support the organizations looking to expand their business following the closure of the Lloyd’s Certificate Office,” said Sylvester Mathis, Chief Insurance Officer, Insurity. “In addition to completing Lloyd’s certificates with minimal migration impact or effort, Insurity’s Marine Suite will also allow carriers to manage all of their cargo business via a forward-looking, future proof, and technologically secure platform.”
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