Insurance coverage

Burns & Wilcox will bring Loadsure’s AI-powered insurance coverage to brokers across Canada

Insurtech Managing General Agent (MGA), Loadsure has announced a partnership with specialist wholesale insurer and MGA, Burns & Wilcox.

As part of the partnership, Burns & Wilcox will bring Loadsure’s AI-powered in-transit travel insurance coverage to independent brokers across Canada, giving them access to dynamic pricing, pay-as-you-go billing, intelligent all-risk coverage and automated claims, on one platform it would only take forty seconds to secure coverage.

In addition, traditional labor-intensive processes making single trip cover unprofitable for insurance brokers, and being too slow and costly for small and medium-sized enterprises (SMEs), many SMEs operate with wide exposure accordingly.

Loadsure harnesses high-resolution data, AI, and automation to deliver the cost-effective coverage these businesses need, facilitating up to $2 million in on-demand insurance for solo travel coverage.

By having access to this first transactional freight insurance platform and an automated claims process, Burns & Wilcox brokers can now support underserved SMBs with this solution.

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Loadsure CEO Johnny McCord said, “We are delighted to announce our partnership with Burns & Wilcox. Their team has decades of experience supporting retail partners in the transit and freight market, and they understand the challenges faced by brokers and policyholders. Through this collaboration, we will provide much-needed economic protection and peace of mind to the freight community. It’s exciting for us to expand across Canada as we continue to modernize the cargo insurance market.

Fernando Batista, Associate Director, Transportation, Burns & Wilcox Canada, added, “We are excited to roll out this capability to our broker partners across Canada, as it will significantly reduce a broker’s response times to coverage requirements. customer’s single charge and will highlight the greater need for usage-based insurance options.

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