Resolution diversifies into Marine Cargo Insurance to increase penetration

By Christine Muchira/Release

East Africa’s leading general insurer, Resolution Insurance has unveiled a transit policy into the market that provides solutions for your marine cargo insurance needs.

The product dubbed Resolution Marine Cargo, provides tailor-made solutions to meet the most diverse marine cargo insurance needs for freight, logistics and shipping, clearing and forwarding companies.

These solutions are also available for agencies directly importing and exporting goods.

Resolution marine cargo covers accidental loss or damage to goods in transit by sea, air and land and can be purchased via its online portal

“With the growing popularity and convenience of online commerce, customers can buy Resolution marine cargo insurance when importing merchandise anywhere around the world,” Resolution Insurance Managing Director Alice Mwai said.

She said the move to launch Resolution Marine Cargo Insurance was in line with the insurer’s business strategy on product diversification and deepening insurance penetration in the country.

The cover is classified into three types namely All Risks, Basic and Restricted Covers which offer insurance of cargo for different types of cargo that can be insured including grain in bags, sugar, fabric, crude oil, textile materials as well as leather goods.

“We pride ourselves in providing extremely high standards of service to both our partners and clients, and we are committed to providing innovative responses tailored to their requirements. Resolution Insurance has an experienced marine cargo claims team and international partners ready to meet international standard needs of client’s business.’ she added.

The Resolution Marine Cargo cover is able to meet the insurance needs of customers such as complete coverage needed to get goods from warehouse to warehouse; general average losses and contributions in accordance with international laws; risks of war, strikes, riots and civil commotions.

The insurer currently has a network of over 10 branches in Nairobi, Mombasa, Kisumu, Eldoret, Meru, Nyeri, Kisii, Nakuru, Kitengela and Thika.

We offer a number of innovative products and solutions namely fire, marine, motor, burglary, engineering, goods in transit among others.