This fireside chat recap is from day one of FreightWaves’ LIVE AT HOME.
FIRESIDE CHAT TOPIC: Achieve agility in the supply chain with nimble transport and logistics insurance
DETAILS: Insurance has changed slowly in the past and has picked up the pace of supply chains. New technology enables transportation and logistics professionals to use technology-based products to lower insurance costs and differentiate the competition.
SPEAKER: Laura Ann Howell, COO of Reliance Partners, and Mark Vickers, EVP for international logistics at Reliance Partners.
BIOS: Howell joined Reliance Partners in Chattanooga, Tennessee in 2015. As COO, she drives the agency towards its mission to be a leader in the marine and logistics insurance industry. Vickers joined Reliance Partners in February after acquiring Borderless Coverage, which he founded in 2018.
IMPORTANT QUOTES FROM HOWELL
“To find solutions for the market, you have to understand the market.”
“Many of the solutions we are bringing to market today are technology-based. One of the buzzwords we talk about all the time is insurtech. It just means finding a way to distribute the insurance product quickly and ensure that your supply chain needs are met and connected quickly. ”
Key quote from Vickers
“The industry calls the cross-border shipping industry between the US and Mexico the black hole for several reasons. One thing is visibility. There are also inspections. It’s difficult to get pure visibility of where your cargo is. There is also almost no access to Mexican cargo insurance. ”
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