2026-10-09 · Source: Reinsurance News
Summary in 3 Points • Otonomi, Tag-N-Trac, and Solent Freight Services launched TRACinSURED, a parametric cargo protection programme for perishable goods. • The programme uses AI and real-time data to verify and settle claims quickly without disputes. • TRACinSURED is currently in early access for international shippers, covering various high-value perishables and electronics. --- Otonomi Insurance Services LLC, Tag-N-Trac, and Solent Freight Services have launched TRACinSURED, a parametric cargo protection programme aimed at covering perishable cargo. This innovative solution leverages AI-powered real-time data to verify and settle claims efficiently, eliminating the need for disputes over claims. The programme is designed to provide a fixed payout based on predetermined triggers, such as delays or temperature excursions, ensuring rapid resolution for shippers. Currently in early access, TRACinSURED targets international commercial shippers, particularly in the pharmaceutical and cold chain sectors, as well as high-value perishables and electronics. By integrating advanced tracking technology and operational context, the programme aims to enhance the reliability of claims and streamline the claims process, which could significantly impact the efficiency of cargo insurance in the London Market. The launch of TRACinSURED reflects a shift towards parametric insurance solutions in the cargo sector, enhancing claims efficiency and reliability.
The launch of TRACinSURED reflects a shift towards parametric insurance solutions in the cargo sector, enhancing claims efficiency and reliability.