Breeze, a platform specializing in cargo insurance, has unveiled its new artificial intelligence (AI) tool, Quote AI Autofill. This system is designed to significantly cut down on the administrative burden for freight forwarders by automating the data entry process for cargo insurance quotes. The tool works by analyzing existing shipment information and then pre-filling the relevant sections of insurance forms, which users can then review and approve.
This development is particularly relevant given statistics suggesting that a substantial portion of global cargo, approximately 70%, travels either entirely uninsured or with inadequate coverage. By simplifying and accelerating the quoting process, Breeze aims to make it easier for forwarders to obtain appropriate insurance, potentially increasing the percentage of properly insured shipments.
For freight forwarders and operations managers, this tool could translate into considerable time savings and improved efficiency in their daily workflows. Reducing the manual effort involved in obtaining cargo insurance means staff can focus on other critical tasks, and the quicker turnaround on quotes could enhance overall service delivery to shippers. It may also help mitigate risks associated with uninsured or underinsured cargo by making comprehensive coverage more accessible and less cumbersome to acquire.
