Helvetia Global Solutions Ltd (HGS), the international hub of Helvetia Group for Specialty and B2B2C solutions, and Breeze, an Insurtech focusing on cargo insurance for the logistics industry, have entered into a partnership to deliver tailored insurance solutions to the global cargo market. This collaboration combines Breeze’s technological expertise with Helvetia’s international transport insurance experience to enhance customer protection.

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Breeze’s digital platform integrates directly into freight forwarders’ systems, streamlining workflows and enabling efficient cargo insurance offerings. Key features of the platform include: 

• Automated and Data-Driven Underwriting: Utilizing data and underwriting criteria provided by Helvetia, the platform instantly underwrites and generates quotes for each shipment, typically within seconds.
• Efficient Claims Handling: Claims are processed directly on the platform, with simpler cases settled automatically and complex ones escalated for additional review.
• Instant information: State-of-the-art dashboards allow easy, timely tracking of goods in shipment, as well as assessing risk profiles and gaining financial and risk-related insights.

Founded in 2021, Breeze recognized a significant gap in cargo insurance for the logistics sector, where around 70% of global cargo remains uninsured due to operational challenges in embedding insurance into logistics workflows. This exposes shippers to substantial risks and impacts logistics providers’ service offerings. To address this, Breeze developed a robust cargo insurance platform designed to seamlessly integrate with logistics players of all sizes – whether analogue or digital. By the end of 2024, Breeze’s platform scaled rapidly, supporting hundreds of customers and thousands of shipments monthly, facilitating insurance coverage for cargo valued in the hundreds of millions.

Leveraging Technology to Close the Protection Gap in Cargo Business.

Helvetia is a well-established player in international transport insurance, offering solutions designed to meet diverse client needs. The decision to partner with Breeze was driven by:

• Advanced Technology: Breeze’s platform integrates effortlessly with freight forwarder and logistics companies’ systems and provides added value to our customers and to us by using data and analytics (e.g. vessel accumulation, route analysis, weather conditions or risk-based pricing).
• Streamlined Processes: The solution provides a fast, fully automated, seamless user experience from underwriting to claims settlement perspectives.
• Closing Awareness Gaps: Addressing protection gaps often unnoticed by customers shipping their goods and against growing number of risks to global trade.
• New Risks: Breeze’s technology allows to tap new risks, which are currently not covered, providing further growth opportunities for both Helvetia and Breeze.

“Helvetia is a great partner for us to innovate the cargo insurance process and expand internationally,” said Eyal Goldberg, CEO of Breeze.

“Their expertise, flexibility, and customer-first philosophy perfectly align with our core values, vision and plans of empowering freight forwarders and logistics companies of all sizes around the world.”

“Partnering with Breeze is a perfect opportunity to broaden our reach while benefiting from a fast-paced, tech-and-data-driven solution for cargo covers,” added Pascal Barbato, Head of Helvetia’s Marine, Aviation and Art Division. “Sharing common values and a passion for customer-centricity sets a strong foundation for mutual growth.” 

The collaboration between Breeze and Helvetia began at the end of 2022, exploring innovative, technology-based opportunities in the cargo market. Helvetia invested now in Breeze’s latest funding round, which solidifies this partnership, supporting Breeze’s international and horizontal expansion efforts. Together, Breeze and Helvetia are shaping the future of cargo insurance, delivering solutions that are efficient, innovative, and customer-focused.