While supply chains are under increasing pressure, many losses associated with cargo delays go uninsured. If shipments are late, perishable goods are lost, business is interrupted and budgets are overspent. Henry Gale speaks to Yann Barbarroux, CEO and Co-founder at Otonomi about the insurance product the company has built to cover supply chain delays for third-party logistics companies and freight forwarders.
Topics include:
- Getting cargo underwriters at Lloyd’s comfortable with a delay product
- Three approaches to distribution for new insurance products
- How the Ever Given ship stuck in the Suez Canal affected supply chains
- Customer responses to parametric products
- Otonomi’s experience in the Lloyd’s Lab
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Continuing Professional Development – Learning Objectives
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By the end of this podcast, you should be able to meet the following Learning Objectives:
- Explain some of the financial challenges cargo shipment delays cause
- Describe some of the benefits of creating successful partnerships
- Identify the key role underwriters have in financial risk
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