Redkik, a global software company with the mission to simplify and improve the marine cargo insurance industry with technology, and Roanoke Insurance Group Inc., a leading transportation-related insurance broker, have announced a strategic partnership they say will be ground-breaking for all parties within transportation and logistics in the US.
By partnering together, the companies are offering on-demand, per-shipment insurance with instantaneous premium quotations at the time of freight being booked, together with dynamic pricing and policies tailored for customers’ specifics needs.
“Insurance for shipping is still determined the same way as 30 years ago, with little to no automation, and outdated IT solutions,” says Chris Kalinski, Founder and Chairperson of Redkik. “This results in low efficiency, double-keying, high overhead costs, and complexity for every party within the supply chain. Our mission is to bring intelligence to insurance and make it simple to secure goods and loads.
“Most annual policies are based upon 12-month forecasts and the policyholder has to pay the premium upfront. Redkik’s technology coupled with Roanoke’s insurance placement offering facilitates change to the old structure, and we are excited to present this ground-breaking, collaborative solution to the transportation industry.”
”Redkik’s technology provides intelligent API communication between transportation management systems and Roanoke’s cargo solutions,” adds Karen Groff, President of Roanoke. “It is a pleasure to work with inventor and innovator Chris Kalinski and his team.”
The new solution will be immediately available in the US market. The company will be launching in the European market and the rest of the world by the end of 2021.