IGL Logistics Boosts Shipment Insurance by 81% with Digital Transformation

IGL Logistics has boosted the number of shipments it insures for customers by 81 percent after digitizing its cargo insurance processes while working with tech partner Breeze.
The U.S.-based global freight forwarder has automated and optimized most aspects of the insurance process, including quote generation, policy binding, and claims processing, by using Breeze’s platform, which integrates with IGL Logistics’ shipping booking workflow.
“The integration with Breeze underscores IGL Logistics’ commitment to providing cargo coverage that protects against a wide range of risks, to ensure we deliver a holistic service for our customers,” said Misty Vogel, C.F.O. / Executive Vice President of IGL Logistics.
“Digitizing the cargo insurance process enhances operational efficiency and means that we can quickly provide comprehensive, customer-driven, and cost-effective coverage for our customers.”
Breeze is a fully automated, digital insurance solution, providing instant all-risk cargo coverage in a way that is fully embedded in existing operational workflows.
“We are on a mission to improve the outdated and inefficient methods of purchasing and distributing cargo insurance prevalent in the traditional insurance industry,” said Eyal Goldberg, Chief Executive Officer, Breeze.
“By embracing a data-driven approach, Breeze’s platform empowers IGL Logistics to offer insurance to their customers that includes a wider array of cargo protection than their standard business coverage would.”
Between 60 and 80 percent of global cargo is un-or-under-insured with an estimated 30 percent of global shipments experiencing some form of loss or damage during transit while without adequate insurance coverage.
“Without insurance, businesses can be left facing substantial financial losses, operational disruptions, and potential reputational damage,” said Goldberg.
“Digitizing the insurance process ensures there are cost-effective, speedy solutions available to preserve the customer’s cargo and the relationship between them and their freight forwarder.”
This latest partnership reflects Breeze’s broader mission to improve outdated and inefficient methods of purchasing and distributing cargo insurance prevalent in the traditional insurance and logistics industry.