Eonepay offers digital insurance products to their customers through a fully integrated experience that is embedded in their own front-end environment. Boost’s API-driven infrastructure-as-a-service platform significantly reduces the cost of building and managing an insurance business by packaging the necessary operational, compliance, and capital components and making them accessible through a simple integration.
Commercial insurance with digital concierge services that enables customers to navigate in self-boarding the process helps in getting connected to the value-added services they want, and to feel informed, and valued across the process.
Cargo insurance can be taken for international as well as domestic transportation. At the same time, this is really difficult to standardize and control without the proper cooperation from countries and states due to the varying nature of this insurance. Under these variations, this insurance can be categorized into following classifications:-
Land Cargo Insurance: This insurance provides coverage for all the land transportations covering Road, Rail and other small utility vehicles. The coverage aspects are theft, collusion damages and other related risks. This insurance is domestic in nature and normally operates within the boundaries of the nation.
Marine Cargo Insurance: This insurance covers transportation carried out either in sea or by air. Here, means of transportation and goods are covered from damage due to cargo loading/unloading, weather contingencies, piracies and other relevant issues. Mostly, this insurance covers international transportation also. Under these insurances, there are some policies which can help you in understanding the concept of cargo insurance in a profound manner. These policies are:-
Cargo insurance covers transits carried out in Water, Air, Road, Rail, Registered post parcel and courier. Bulk Cargo (All type-; liquid/powder/coal/cement etc) Cargo carried as accompanied baggage, per transit limits beyond the office limits Following aspects are covered under the benefits of this insurance:Basic Cover – (Fire & Accidental) / Restricted Coverage / All Risk (exclusion policy)
This coverage provides extensive protection against damage or loss due to external factors. As it is called basic coverage policy, people should know the aspects included and excluded in the policy. Under basic coverage, included aspects are:
● Transit Type-; whether purchases, sales or both or any stock transfers or is it capital items being covered
● Whether the cargo is new or old
● Whether the cargo is coming single piece as over dimensional cargo or coming in dismantled condition in containerized packing
Payments – the primary cross-section between providers and policyholders – is a highly visible core function touching multiple business operations, including treasury, IT, customer service, and claims. Leveraging the power of digital payments processing, insurers can solve numerous challenges across the organization. Digital payments have quickly emerged as a cornerstone technology that helps insurers meet these modern challenges – to succeed in the new normal and to persevere into the next.