Insurers Ascot and Beazley have partnered on the company ’s creation of a cargo consortium , using insurtech solutions to manage risk and claims . The A2B consortium has a capacity of $ 50 m and will bring together various carriers to provide coverage for SME cargo businesses . Those insured will have the capability of monitoring cargo traffic through software developed by insurtech Parsyl . The consortium is likely to strengthen Lloyd ’s position in the global cargo market .
Insurers Ascot and Beazley have partnered on the Lloyd’s launch of a cargo consortium, using insurtech solutions to manage risk and claims. The A2B consortium has a capacity of $50m and will bring together various carriers to provide coverage for SME cargo businesses. Those insured will have the option of monitoring cargo data through devices developed by insurtech Parsyl. The consortium is likely to strengthen Lloyd’s position in the global cargo market.