TORONTO, Ont. — The Guarantee Company of North America has announced it is entering the transportation sector with a suite of specialized insurance offerings.
Indicating that specialist transportation brokers and customers are looking for a fresh alternative in this marketplace, the company said it will offer insurance with a focus on more than just price.
Angelique Magi, vice-president, strategic initiatives with The Guarantee Company, announced: “Over the last six months, The Guarantee has made a significant investment in creating a sustainable infrastructure to support a dedicated focus on the transportation segment.”
Under the new brand The Guarantee Transportation Solution (GTS), the insurer promises to offer “a blend of insurance products and integrated customer solutions being designed to meet the changing needs of the long-haul transportation carriers of tomorrow.”
Magi added: “There is a clear message, especially with this highly educated consumer group, that a change is needed. There is a tangible value in having a true specialist insurer that understands what a transportation carrier wants to achieve through their business model, and a market that can provide them with innovative tools and comprehensive support to navigate through fast-paced changes such as telematics integration and cross border politics. We’ve put together a diverse and knowledgeable team that will evolve for the customer as their critical business needs change. Earning the business with proven expertise and insight on the challenges professional trucking and logistics companies face will be our mandate.”
The new program will be rolled out this September.
“We will be working with an exclusive group of brokers throughout Canada to ensure we have a concentrated distribution force and controlled profitable growth for our new initiative,” Magi added.
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