Flexport launches trade credit insurance
Logistics platform Flexport has introduced its second insurance product – trade credit insurance.
The unicorn, which raised ~$2.4 billion across equity and debt, has partnered with Allianz Trade and Coface for the new offering.
The product is available for US-based clients and the companies are working on integrating the offering into the Flexport platform based on information we received.
Flexport has been offering cargo insurance through its agency, Flexport Insurance Solutions. Insurance is underwritten and issued by The Hartford/Navigators. Flexport also refers customers to Breeze, a cargo insurance startup founded in 2021.