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To meet the demands of modern logistics, AXA XL and the U.S. Marine Insurance Group (USMIG) have joined forces to offer Shipper’s Interest insurance. This collaboration, based on an existing relationship from 2024, aims to address changing market conditions and develop solutions that meet the needs of transportation, logistics, and construction companies, as AXA recently announced.
Development of Insurance Offerings
USMIG will act as the program manager for AXA XL, bringing underwriting expertise and coverage options to the partnership. The Shipper’s Interest insurance, traditionally associated with marine cargo insurance, has established itself as a component of global trade, according to AXA. However, the way this coverage is offered has changed.
Coverages are often provided through certificates or special policies both domestically and internationally. Integration into routing or freight management systems allows logistics providers to offer insurance directly at the point of sale. This is achieved by providing coverage per shipment and the immediate issuance of certificates via APIs or portals, as the company reports.
