United Risk Expands Underwriting with New Division for Logistics and Marine Industries
United Risk's New Strategy in Logistics and Marine Insurance
In a momentous shift designed to solidify its presence in the logistics and marine sectors, United Risk has introduced a groundbreaking division known as Applied Logistics Underwriters (ALU). Spearheaded by Rick Christofer, the President and Chief Commercial Officer, ALU aims to deliver innovative coverage solutions tailored for critical logistics, transport, and marine lines characterized by modern underwriting practices informed by technology.
Established in Miramar, Florida, Applied Logistics Underwriters is set to become a vital resource for various stakeholders within the logistics industry, including shippers, freight forwarders, and carriers. Under the leadership of Alejandro “Alex” Rosas-Salgado, who boasts extensive experience in marine underwriting, ALU plans to initially cater to the U.S. market before strategically expanding its service offerings to key global markets.
Vision and Leadership
Mr. Rosas emphasizes the division's potential to revolutionize existing transactional methods in the insurance landscape. His vision is anchored in providing brokers an enhanced platform for logistics and marine clients, ensuring the availability of essential coverages such as Ocean Cargo, Inland Transit, Warehouse All Risk, and various forms of liability insurance. According to Rosas, the wealth of technological innovations within the company positions ALU to be a go-to provider in these emergent areas.
"The U.S. and world markets hold immense potential for ALU, thanks to our tech-based approach and experienced professionals across all coverage aspects. We’re cultivating loyalty among brokers and clients through exceptional service, unparalleled product expertise, and a commitment to becoming the preferred partner in specialized underwriting," stated Rosas.
This division is pivotal for the logistics industry, traditionally mired in inefficient underwriting practices. By shifting towards a data-backed model, ALU is not just redefining the underwriting process; it is also alleviating some of the complex burdens clients typically face in reporting. Instead of relying solely on an underwriter's experience, ALU is incorporating historical data, promising to provide a fresh set of practices uncommon in the logistics domain.
Unique Approach by ALU
What sets Applied Logistics Underwriters apart is its commitment to modernizing underwriting practices. The introduction of technological integration and analytics aims to transform the routine inefficiencies that have plagued marine and inland coverage. Consequently, the establishment of streamlined services is expected to usher in a new standard in client-relationship management. Rosas mentions how this shift is fundamental in realizing ALU's commitment to enhancing broker-client partnerships.
Formerly entrenched in a family insurance legacy spanning 155 years, Alex Rosas brings invaluable insight into this new role. His career trajectory, starting as a recreational marine underwriting trainee at 16, is complemented by his robust experience across multiple facets of the industry, including Logistics, Ocean Cargo, and Marine General Liabilities. Rosas has had significant stints with organizations like Integrand Assurance Company, Blue Waters Insurers Corp., and Sompo International, each time progressively enhancing his expertise and portfolio.
Future of United Risk and ALU
As United Risk looks to the future, the unveiling of Applied Logistics Underwriters demonstrates its proactive approach to addressing market demands and optimizing its service offerings. With a headquarters at 50 Rockefeller Plaza in New York, United Risk operates not only as an insurance underwriter but also as a comprehensive distribution platform affiliated with Applied Underwriters.
In conclusion, the launch of Applied Logistics Underwriters marks a significant milestone in United Risk’s growth strategy, heralding a new era of efficiency and innovation in insurance for logistics and marine sectors. By employing advanced technology and experienced underwriting practices, ALU is positioned to meet the evolving needs of its clientele and establish itself as a leader in insurance solutions.
About United Risk and Applied Underwriters
United Risk Global (www.unitedrisk.global) and Applied Underwriters (www.auw.com) are both entities committed to advancing capabilities in managing risks through innovative solutions. Their joint efforts mark a dedication to enhancing client interactions and insurance offerings across various sectors.