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

InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.

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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Yann Barbarroux: Co-founder & CEO, Otonomi: Supply chains, cargo delays and parametric insurance (255)

InsTech - insurance & innovation

Yann Barbarroux: Co-founder & CEO, Otonomi: Supply chains, cargo delays and parametric insurance (255)