New partnership yields ‘first to market’ product offering

A newly formed alliance between a specialty insurer and an IT security firm has led to the creation of a ‘first to market’ transportation product

Risk Management News

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The Guarantee Company of North America, a specialty insurer featuring such niche segments as surety, corporate insurance, transportation and credit, has announced that is now partnering with Insurance Search Bureau of Canada (ISB Canada) and its affiliated companies, AFIMAC and ASAP Secured.
 
ISB Canada serves the insurance industry by providing such services as background screening, investigations and large loss site security. The collaboration between ISB Canada and the Guarantee is aimed at supplying transportation clients with preferred pricing and risk management tools and resources.
 
It will also give clients access to an online driver qualification platform.
 
The Guarantee hopes that this partnership will aid transportation clients in mitigating many of the emerging risks they face in the contemporary market.
 
“Our partnership will work to fulfill many of the needs that are currently required by transportation customers today,” Angelique Magi, national vice president, transportation & strategic initiatives, The Guarantee, said in a statement. “The product offering will allow customers to proactively manage the new challenges that transportation companies are facing today with social media and possible security breach.”
 
Magi says that the partnership will add more features to its Go-To Solution platform, which includes such offerings as smart monitoring to help keep track of assets, cargo security and 24-hour claims reporting.
 
Executives at ISB Canada also expressed an eagerness to bring these resources to market.
 
“We are delighted to be working in partnership with The Guarantee and first to market with this exciting product offering,” said Michael Thompson, CEO, ISB Canada. “This partnership will provide each of their transportation customers with a best in class risk management portfolio to improve their risk profile.”

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