SOMPO Holdings will begin selling marine cargo insurance covering additional costs arising from changes to transport routes on the 13th. The insurance was jointly developed with Nippon Express and is intended for cargo-owning companies that transport goods by tanker or other vessels. Receiving alert information from a SOMPO group company is included among the requirements for receiving insurance proceeds.
SOMPO Holdings will begin selling marine cargo insurance covering additional costs arising from changes to transport routes on the 13th. The insurance is intended for cargo-owning companies transporting goods by tanker or other vessels, and will newly cover the risk of fluctuations in logistics costs. The insurance is linked to an alert system provided by a SOMPO group company, and requires the receipt of information about disputes or disasters for insurance proceeds to be paid.
The insurance was jointly developed with Nippon Express, and customers are expected to be able to complete enrollment procedures and access the service through Nippon Express. The article discusses the specific coverage and payment conditions, and assumes marine transport using tankers and other vessels. The linked SOMPO system is designed to connect the timely sharing of risk information with the requirements for filing insurance claims.