OREANDA-NEWS  The development of digital and streaming insurance, including the creation of specialized digital platforms, will provide broader insurance coverage for the freight market and help transport companies and their customers minimize growing logistical risks. This opinion was expressed by representatives of the insurance and transport industries during the events of the international exhibition TransRussia (Transrasha).

The geopolitical events that caused large-scale shifts in the global economy have also affected the freight market. To a greater extent, this affected Russia, where the need for import substitution and reorientation to the East led to the transformation of key logistics routes. Despite the increasing complexity of delivery chains and the corresponding rise in the cost of transport services, the Russian market has not only not declined, but has also shown steady growth. Thus, according to the research agency MA Research (EmEi Research), in 2023 the market of transport and logistics services added almost 20% and reached a record volume of 5.5 trillion rubles. Moreover, analysts expect the industry to grow by at least 12% annually in the next three years.

At the same time, new and more complex transportation routes have brought with them new risks: for both carriers and cargo owners. Goods delivered on time, damaged or lost during delivery lead to losses, customer negativity and claims to the quality of logistics of transport companies. According to experts, the number of arbitration appeals by cargo owners towards carriers and the average cost of claims continue to increase.