
Trico Logistics Limited (TLL), partnering with Strategic Insurance Brokers (SIB), announced the launch of a Marine Risk Insurance portal (tricologi.net) for all TLL customers who hail from a wide-ranging international client base.
TLL will be the platform provider for online solutions and Fairfirst Insurance has currently provided the best premiums and the widest covers.
The solutions are offered through the TLL portal, a smooth and functional gateway for clients who wish to purchase maritime insurance policies. A series of comprehensive coverage options are available, to help minimise losses with maximum possible indemnity from point to point. Export cargo insurance will be the first solution to be offered.
“Marine insurance offers assurance for many eventualities such as, perils of the sea, flood damage, damages due to negligent, rough handling and pilferage and other misfortunes related to maritime adventure. TLL would be able to mitigate the losses from these events for clients who are anxious to be covered. Joining an industry expert, such as SIB, to obtain the best solutions was a boon for us in this regard as we are able to inspire client confidence merely by the mention of the SIB brand,” said Gamini Kannangara, Managing Director of Trico Logistics.
SIB has been an industry leader in securing win-win solutions for both the insurer and the insured, particularly in tough times such as the ongoing crisis in which many economic contractions are expected due to the global Covid-19 pandemic.
“The launch of the TLL-SIB partnership empowered by Fairfirst Insurance also signals the first instance maritime solutions been streamlined in Sri Lanka with the policy available directly from the portal, including all documentation to be completed within minutes online, for any major or minor marine insurance policy purchase,” said Sanjay Siriwardena, Chief Sales Officer of Fairfirst Insurance.
“The insurance needs of the marine logistics industry are noticeably changing in these times of natural calamities, man-made disasters and terrorism. The current Covid-19 pandemic is an indication of how fast unforeseen calamities can totally stall certain vibrant economic sectors, the maritime logistics industry being one affected sector,” said Indrajith Fernando, Director of SIB.
SIB has lined up the best insurers in the marine liability sphere for the TLL client expansion venture. Launching in late March, the collaboration is expected to lead to policies for major clients in the first months, as these companies have already come on board and made their plans to utilise the new policies.
“Marine insurance is international by nature and therefore the global experience of SIB will be harnessed to its full potential. The SIB credentials are absolutely ideal for Trico whose vast network of local clients are committed on a long-term to the export service solutions offered by them,” said RupikaTennakkon, SIB Head of Operations and Marine Insurance expert.
Trico Logistics, meanwhile, is expanding its operations exponentially, and has recently added online VGM certification, fumigation facilities for service providers, and quarantine examination to its export services portfolio.
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