Transportation Risk Management

Transportation-Risk-ManagementEvery consignment of goods carries its own individual risk, whether by its nature, the type of transportation used or its destination. The safe delivery of goods is vital for our clients in both monetary and reputational terms.

Our partner, Chubb Singapore, employs a dedicated Transportation Risk Management team which is based worldwide and has extensive experience in the shipment of all manner of goods including:

  • Raw materials and commodities
  • Food products and pharmaceuticals
  • Manufactured and consumer goods
  • Equipment for large infrastructure projects

With many years of experience in the transport industry, Chubb’s Transportation Risk Managers have been recruited from backgrounds which include seafaring, logistics, heavy transport, warehousing, loss adjusting and quality control.

As part of the underwriting team, Chubb’s Transportation Risk Managers provide advice and intelligence that allows them to fully assess and rate a risk. This service is available to our customers and can be supplemented with reviews of shipping operations and client visits.

The benefits associated with Chubb’s Transportation Risk Management programme:

  • Global experience
    Chubb’s Transportation Risk Management team has a worldwide presence
  • Packaging review
    Assessing the suitability of packing of goods for shipment
  • Handling stowage and securing
    Pre-shipment/load/discharge surveys on high value cargoes
  • Warehouse suitability
    Inspections look primarily at risk of fire and theft, but can also include inventory management
  • Sensitive cargoes
    Guidance for perishable, time and temperature-sensitive cargoes such as pharmaceuticals and food
  • Supply chain
    Review of carriers’ contracts and suggested improvements to the supply chain to ensure good business continuity
  • Education and training
    Seminars on such topics as cargo security, cold chain, shipment of out-of-gauge cargo
  • Global network
    Use of information and intelligence available through our Global Network in respect of port and country conditions, cargo theft hotspots and other topics of interest to shippers

Chubb in Singapore is a member of the Chubb Group of Companies, one of the world’s largest multiline property and casualty insurers who conducts its business on a worldwide basis with a physical presence in 53 countries.

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