(Image source: Insurity Marine Suite page.)
In the wake of the announcement of the closing of Lloyd’s Certificate Office, Insurity (Hartford), a provider of cloud-based software for property/casualty carriers, brokers, and MGAs, has announced that it is now providing property/casualty carriers with a the most digitally advanced, sanctions-compliant solution in the global cargo market. Insurity’s announcement notes that it is the leading vendor in the market for online certificates and is the most experienced vendor in servicing the Lloyd’s Cargo Insurance market.
In 2021, Lloyd’s Certificate Office announced its closure and that it will no longer be issuing certificates itself. 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, according to the vendor.
Insurity describes its cargo solution as providing the capability to service global markets with any necessary certificate, beyond 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,” according to the Insurity announcement. “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.”