Great American Insurance Group’s Ocean Marine Division has collaborated with insurtech company Breeze to expand its marine insurance presence.
The alliance seeks to refine the insurance process for shippers by incorporating Breeze’s proprietary digital platform into the service offering.
Breeze, known for its fully automated and digital insurance offerings, backed by technology including big data analytics and machine learning capabilities, integrates with existing systems and workflows.
Breeze enables logistics companies to offer clients enhanced protection for their cargo.
This includes the issuance of insurance policies and comprehensive end-to-end claims processing.
Great American Ocean Marine divisional vice-president Keith Blair said: “Together, we aim to set a new standard in the industry. Breeze’s cutting-edge automated solutions and streamlined approach to providing marine cargo insurance via their proprietary technology is not only timely – it’s transformative.
“Our aligned philosophies around innovation, sustainability and disciplined growth position us to build a long-term, resilient portfolio that meets the evolving needs of the global supply chain.”
Set up in 1872, Great American Insurance Group specialises in the property and casualty (P&C) insurance industry, with an emphasis on commercial products tailored for businesses.
The company has a history of providing insurance for marine-related businesses that stretches back to the early 1960s.
In May, Great American Insurance Group’s Specialty Equipment Division partnered with TRNSACT, a sales finance platform, to incorporate its physical damage insurance programme into the equipment sales process.
“Great American and Breeze tie up to enhance marine insurance offerings ” was originally created and published by Life Insurance International, a owned brand.
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