Freightos' WebCargo Partners with Breeze to Offer Instant Cargo Insurance

Published: Tuesday, July 23, 2024

Breeze, a leading digital cargo insurance platform, has successfully integrated with WebCargo by Freightos (NASDAQ: CRGO), the largest air cargo platform. This partnership allows freight forwarders to instantly price and purchase insurance quotes for shipments via Breeze directly on the WebCargo platform.

This collaboration gives freight forwarders immediate access to insurance quotes when they book shipments, eliminating the need to source insurance separately and streamlining the entire process.

By leveraging Breeze’s advanced technology, freight forwarders can significantly reduce policy costs and booking times, enhancing their overall efficiency. Initially, Breeze’s integrated insurance offering on WebCargo will be available to forwarders in the United States and the United Kingdom.

Breeze’s data-driven platform uses technology to automate and optimize quote generation, policy binding, and claims processing. This technology minimizes the time and effort required to provide accurate cargo insurance and expands the protection offered to shippers’ freight.

“Forwarders rely on WebCargo to book hundreds of thousands of shipments every quarter,” said Manuel Galindo, Chief Revenue Officer at Freightos. “By partnering with outstanding companies like Breeze, we’re excited to add more services to our platform. This allows forwarders to focus on what matters most—customer relationships—rather than time-consuming pricing calls for services like insurance.”

Matthew Phillips, Chief Commercial Officer at Breeze, added, “Between 60 and 80 percent of global cargo is estimated to be un-or-under-insured. Our collaboration with Freightos empowers its customers to make informed decisions about insuring their cargo in a cost-effective and timely manner. We are on a mission to digitize the cargo insurance process and share Freightos’ vision to make international shipping faster, more cost-effective, and more reliable using a data-driven approach powered by technology.”