#USA #New York #logistics #United Risk #Applied Logistics

United Risk Launches Applied Logistics Underwriters

United Risk has announced a significant step forward in its expansion strategy by launching a new division, Applied Logistics Underwriters (ALU). Spearheaded by experienced industry professional Alejandro 'Alex' Rosas, the division aims to provide innovative coverage solutions tailored specifically for the logistics and maritime transport sectors.

President and Chief Commercial Officer Rick Christofer emphasizes that, while ALU intends to first target American clients, it ultimately aims to tap into key global markets within the logistics field. That includes becoming a go-to resource for shipping and freight, inland transit, full-risk warehousing, cargo legal liability, and other emerging areas.

“There's tremendous potential in both American and global markets due to our technological innovations and expert personnel. We’ve started building rapport with brokers and their clients, driven by streamlined service culture, exceptional product knowledge, and a full commitment to our niche underwriting areas,” states Rosas.

ALU's structure is positioned to revolutionize the underwriting process, which historically has relied heavily on underwriters' personal experience. Instead, ALU is introducing a model where solid historical data underpins the underwriters' knowledge and expertise, facilitating modern underwriting practices previously absent in logistics. Rosas asserts, “We’re evolving the underwriting paradigm, from being 100% experience-based to incorporating concrete data, creating best practices that have not been seen before in the logistics industry.”

This strategic initiative by United Risk emerges from the recognized need for excellence in transaction methods across the sector. The challenges posed by potential risks require innovative solutions pioneered by ALU.

The division is poised to leverage advanced technology in underwriting maritime and inland insurance, which promises to augment efforts significantly. The integration of data analytics and technology aims to enhance efficiency and eliminate historical inefficiencies, setting new benchmarks in the underwriting standards of maritime transport.

Rosas' deep-rooted experience in the insurance field, spanning over 155 years within his family, has equipped him with a keen understanding of the intricacies involved. He began his career at a young age, developing expertise in various facets of maritime insurance which serves him well in steering ALU. His notable past roles include significant contributions to Integrand Assurance Company and leading maritime lines at Blue Waters Insurers Corp., making him one of only a dozen hybrid underwriters in the US focusing on logistics.

“By tackling the intricate burden of sector-specific reporting requirements and developing solutions for the many niche markets, we’re changing the game in underwriting,” explains Christofer.

As a part of the global umbrella of United Risk Global, ALU is positioned to thrive amidst strong competition, benefiting from the robust operational backing of Applied Underwriters, which has a solid presence in the U.S, the UK, the EU, and the Middle East.

The strategic decision to create ALU reflects United Risk's long-term vision of integrating advanced technology within their offerings to create unmatched underwriting solutions, ensuring they're not just participants in the insurance landscape, but leaders driving its evolution.

About United Risk Global

United Risk Global functions as an independent underwriting and distribution platform for property and casualty insurance, working closely with Applied Underwriters while maintaining a distinct brand identity. Centered at 50 Rockefeller Plaza, New York, their operations reflect a robust commitment to excellence in insurance practices.

About Applied Underwriters

Applied Underwriters is a worldwide risk management service provider that helps businesses navigate uncertainty through its innovative insurance and reinsurance solutions. They are recognized for their exceptional customer service and financial stability, with operational headquarters in Omaha, Nebraska.