SHANGHAI, CHINA -- 24 October 2018 - Chubb announced today the launch of its enhanced cargo insurance product targeting importers and exporters in China. Called Chubb Cargo PlusSM, it offers broad coverage for both international and domestic cargo movements.

 

Through Chubb Cargo Plus, customers will enjoy additional benefits for local cargo transportation and wider cover for international cargo movements compared with a conventional cargo insurance policy. The major benefits* of Chubb's enhanced cargo insurance include:

 

Debris removal options up to USD1 million

Exhibition and display cover of up to USD250,000

Air freight replacement for imports up to USD100,000

Tools of trade cover of up to USD25,000

Resecuring costs and expenses cover of up to USD5,000

 

In addition, customers will have access to CargoAdvantage®, Chubb's award-winning web-based system which provides a cargo insurance certificate for an international shipment within minutes.

 

According to Mr. Kevin Bogardus, Chubb's Country President for China, "With over 200 years of experience in the marine industry, Chubb has established a reputation for integrity, innovation, and expertise. Today, we build on our tradition of excellence and deep industry knowledge to create market-leading solutions, backed by a strong commitment to our clients. 

 

The launch of the enhanced Chubb Cargo Plus bears testament to our dedication to meet the evolving needs of our customers in a region which offers a myraid of opportunities to grow our Marine portfolio in China."

 

According to Mr. Anthony O'Brien, Regional Head of Marine for Chubb in Asia Pacific, "Customers expect excellent service and innovation which Chubb is committed to deliver since we are dedicated to superior underwriting and risk management services. Our robust CargoAdvantage system makes cargo insurance transactions frictionless for our customers. This is backed by our worldwide network of claims professionals, recognised for their efficient claims handling and expertise to assist our customers when the need arises."  (mor/roc).