Excelsior Correspondent
JAMMU, Jan 10: Policybazaar for Business (PBFB), the corporate division of one of India’s leading insurance marketplaces, has launched Enroute, a platform aimed at streamlining marine and transit insurance operations.
The prior lengthy process of issuing certifications and declarations is now effortlessly accomplished in just a few clicks. This platform allows businesses to adeptly manage their domestic and international trade needs.
To prevent claim rejections, companies are required to submit monthly declarations for domestic policies and furnish transit-specific insurance certificates for import and export shipments under their annual marine and transit insurance plans. Previously, these manual tasks were often cumbersome for clients. PBFB enhances this experience with a user-friendly platform that lessens administrative burdens, improves accuracy, and ensures smoother compliance.
“Customers utilizing marine and transit insurance frequently faced operational challenges due to disjointed platforms and complex declaration processes. Our new platform is crafted to support customers by refining the entire journey. They benefit from a seamless and user-friendly interface that offers straightforward, simplified, and easily accessible information regarding their active policies. Businesses can now declare transits, generate insurance certificates and increase the insured amount effortlessly,” explains Sajja Praveen Chowdary, Head of Policybazaar for Business.
Additionally, the platform enhances monthly declarations for goods in transit to uphold compliance and maintain claim eligibility. By uploading the invoice or LR copy, the OCR technology extracts all necessary details automatically. This innovation significantly conserves the customer’s time and effort, as they are no longer obligated to enter every detail manually.
The platform is designed to adapt to consumers’ evolving needs, ensuring ongoing enhancements in usability and functionality. It can be seamlessly integrated with existing invoice generation or supply chain management systems, thus eliminating the necessity for manual declarations and certificate generation.
