Design Highlights
- Apollo and ZenHedge’s partnership launched Freight Expense Insurance™, revolutionizing freight insurance with a data-driven, parametric model for automatic payouts.
- The new insurance product provides immediate financial relief from unexpected freight cost increases, eliminating lengthy claims processes.
- By targeting the logistics sector, the partnership addresses rising freight costs, which impact over 70% of national freight reliant on trucking.
- ZenHedge’s platform utilizes TMS data to analyze risks, enhancing underwriting practices and offering a modern approach to risk management in freight.
- This collaboration challenges traditional views on freight insurance, positioning Apollo and ZenHedge as innovators leading industry transformation.
In a bold move that could shake up the freight insurance game, Apollo has teamed up with US insurtech ZenHedge to launch their Freight Expense Insurance™—and they’re not messing around.
This isn’t just any insurance policy; this is a parametric product that swoops in when trucking tender rejections happen. And guess what? It automatically pays out based on predefined triggers. No more waiting weeks or even months to see if a claim gets approved. This is a game-changer for US shippers, who have been at the mercy of rising freight costs like a fish out of water.
The partnership, which kicked off on January 26, 2026, comes with a solid backing. Apollo, a company under Skyward Group, is sponsoring ZenHedge as a Lloyd’s approved coverholder. And let’s not forget Aon, which is all-in for this tech-led approach. They’re not just throwing spaghetti at the wall; they’re aiming for a clean, efficient way to handle risk in the logistics industry.
Apollo and ZenHedge are shaking up freight insurance with tech-led solutions and solid backing from Aon and Lloyd’s.
So, what’s the deal with this Freight Expense Insurance™? It’s designed to cover unexpected spikes in shipping costs due to those pesky disruptions. Traditional insurance? Yeah, it has a reputation for being slow and cumbersome, like trying to run in quicksand. But with this new parametric model, shippers can finally breathe a little easier. They get financial stability during operational hiccups, and they can budget better, too. This innovative solution aims to streamline claims processes and provide faster financial relief for businesses. By addressing supply chain disruptions, it reinforces the partnership’s commitment to enhancing shipping logistics.
ZenHedge isn’t just sitting pretty either. Their platform dives into shippers’ TMS data, modeling risks related to trucking lanes and tender rejections. This isn’t just guessing; it’s data-driven underwriting at its finest.
Combine that with Apollo’s market expertise, and you’ve got a formidable duo ready to tackle the chaos of freight costs.
The market they’re targeting is huge. Over 70% of national freight relies on trucking. That’s a lot of business looking for relief from the cost rollercoaster of logistics. Uninsured freight expense risks? They’re about to be a thing of the past. Unlike traditional casualty insurance that focuses on liability protection, this parametric approach offers predetermined payouts based on specific freight disruption triggers.
This partnership signals a seismic shift in how freight insurance is viewed. It challenges the old-school mentality that has long plagued the industry. It’s about time someone shook things up.
