Zuru Latam has unveiled its latest commercial offering: D2D powered by Zuru Latam, aimed at digitizing and meeting the insurance needs of the logistics industry. Based on the SaaS model with embedded insurance, this solution streamlines the insurance process, allowing executives to issue their clients’ policies instantly and securely from their portal.
Zuru Latam’s technology, designed for digital integration with leading insurers, emerges as a pioneering tool for logistics operators, carriers, customs brokers, and other key logistics players. With this implementation, “we are extending the capability of our innovative on-demand insurance technology to digitally enable logistics operators,” explained Gianmarco Scarsi, CEO & Founder Zuru Latam, exclusively to Contxto.
This innovation is backed by giants such as HDI Global and Chubb, guaranteeing a wide range of domestic and international coverages. However, it will soon expand its offerings to include insurance for containers, property, liability, etc. To date, Zuru Latam has four insurers backing its national and international coverages: HDI Global, Chubb, Pacífico Seguros, and Lampe & Swartze.
Since its recent launch, the platform has already captivated various logistics entities that have positively valued its self-management capacity and improved service quality. These positive reviews underline the added value D2D brings to the sector, providing them with a crucial competitive edge.
According to Scarsi, Celes will revolutionize the market:
“Empowering the ability of operators and other logistics agents to offer insurance to protect their customers’ cargo, providing better service and generating additional revenue without additional costs or paperwork, which will in turn provide access to thousands of underserved SMEs to competitively priced insurance coverage.”
Zuru recently announced the successful raising of USD $680,000. The company offers digital access to top-tier cargo insurance coverage for SMEs involved in foreign trade and the supply chain.
The funding round was led by Carabela.vc and included the participation of Peruvian Family Offices and strategic investors from the U.S.
In 2021, 110.8 tons of cargo were transported through Peru’s ports, according to a study by Americas Market Intelligence, and the Peruvian logistics and cargo market is projected to grow with a CAGR of 7.4% by 2025.
In Latin America, an estimated value of USD $784.6 billion is projected within the logistics market between 2023 and 2028, with an annual CAGR of 4.6%.
The growth doesn’t stop there. Several digital partners have expressed their interest in forging alliances with D2D, looking to further automate and digitize the cargo insurance for their clients.
The D2D team is optimistic and committed to the vision of continuously evolving digital solutions for the logistics world, aiming to bridge the insurance gaps and, in the long run, contribute to the region’s economic stability.