XpressCover started in operation since year 2005. Our first product was named ELC (enhanced liability coverage). During the earliest days, the logistic industry was only provided with Marine Cargo Insurance or Goods In Transits insurance, where both products require manual processing and take up to 48 hours to coverage approval. Logistic Insurance was a key component for all local retails to protect their customers shipment against any mishap.
Seeing the gap between the shippers, carriers and insurance company, we started an online system to provide a unique insurance coverage service for the carriers’ corporate customers. When eCommerce start booming, we turned the system into an online platform, where we partners with multiple insurance companies and carriers, to provide the best rate, on- demand, and fastest way to insure and cover a parcel shipment from the moment it is picked up by the delivery guys.
We started with two insurance companies and two local courier companies, and slowly grow our platform to host 6 insurance companies and 16 logistic & couriers companies. To keep up with the ever-growing eCommerce and Cross-Borders shipping, we continue to work with the new players and disruptive startups, that is changing the way we do business globally.
To provide liability coverage for every parcel in the world.
To protect the loss in logistics, making it affordable and claimable.