InsurTech MGA Loadsure has launched Cargo Plus, an annual cargo product that it says combines the financial convenience of a pay-as-you-go policy with the assurance that annual cover provides. It will be offered worldwide and include all-risk coverage for goods and merchandise in transit, with limits of up to around £8m in international and £4m in US domestic conveyance.

Johnny McCord, CEO at Loadsure, said: “Leveraging our AI-powered dynamic rating model, the launch of Cargo Plus is a significant milestone in the development of Loadsure’s offering. We’re delighted we can offer this state-of-the-art cover that will also empower our assureds – whether manufacturers, distributors, retailers, wholesalers or others - to better understand their risk exposure while providing visibility into business performance.”

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