LITUS

What LITUS does

LITUS srl (Larizza InsurTech Underwriting Solutions) is an Italian independent Managing General Agency (MGA) operating from Milan with secondary offices in Genoa and Barcelona. Founded in 2019 and registered with IVASS (RUI A000634249, 18 July 2019), it underwrites Marine Cargo, Motor and eCommerce insurance lines on behalf of capacity providers Lloyd's Insurance Company S.A., Tokio Marine Europe S.A., and MS Amlin, combining delegated underwriting and settlement authority with in-house claims management. The company serves three primary customer segments — freight forwarders and logistics operators (via the Cargo+ Underwriting trading name and Larizzacargo.com), eCommerce merchants (via its Open Insurance / Embedded Insurance platform offering shipping return, extended warranty and Kasco cover), and motor vehicle owners and fleets (via its Motor platform) — using a hybrid Go-to-Market that blends a traditional accredited intermediary network with API-first direct and embedded channels.

LITUS's core technology stack comprises three proprietary platforms — Larizzacargo.com (real-time Marine Cargo quotation, certificate issuance, FNOL and automated reporting), the Litus eCommerce Platform (Open Insurance / Embedded Insurance with API-based coverage management and post-sale coverage extensions), and the Litus Motor Platform (CVT vehicle quotation and policy issuance for private and luxury vehicles, trucks and fleets) — supported by sub-products including Trace & Cover (cargo cover integrated with IoT tracking and parametric reimbursement), Embedded Cargo for Freight Forwarders (API embedded directly into shipper management systems), Coperture Digitali (real-time digital coverage for transport professionals), and the white-label intermediary portal built with Loro Insurance. APIs and XML/Excel file exchange provide interoperability with client ERPs and TMS systems.

LITUS monetises as a multi-line MGA, earning underwriting commissions and facultative reinsurance income on premiums written under its delegated authorities, transaction fees/embedded revenue-share from API-based coverage distributed through freight forwarders and eCommerce platforms under its Cargo Partners program, and professional-services fees for outsourced cargo claims management. Distribution is hybrid: B2B through accredited RUI IVASS-registered intermediaries under the Cargo+ Underwriting brand; direct/self-serve through insurtech platforms; and OEM/embedded/white-label through APIs and partner portals. From end of 2024, LITUS operates as part of the WECOYA international insurance and reinsurance group.

Name

LITUS

Legal name

LITUS srl

Website

https://litus.it

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

LITUS srl is an Italian independent Managing General Agency underwriting Marine Cargo, Motor and eCommerce insurance via proprietary insurtech platforms (Larizzacargo.com, eCommerce and Motor), distributing through accredited intermediaries, direct digital channels and embedded APIs under delegated authority from Lloyd's, Tokio Marine and MS Amlin.

Ownership category

akta.pro rank

Product category

Specialty Insurance Underwriting (Marine Cargo, Motor, eCommerce)

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industry

Commercial Auto & Fleet Insurance (FSAJAMAB)

Keywords

• Marine cargo insurance
• Managing general agency
• Embedded insurance API
• Ecommerce merchant insurance
• Motor vehicle insurance

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. MGA Insurance Underwriting: LITUS operates as a Managing General Agency (MGA) earning commissions and faculative reinsurance income from underwriting insurance policies. The company has delegated underwriting authorities from primary international insurers (Lloyd's, Tokio Marine, MS Amlin) to write Marine Cargo, Motor, and eCommerce insurance lines on their behalf. Revenue is generated through insurance premiums collected from policyholders, with LITUS retaining a share as commission.
2. Embedded Insurance / API Access Fees: Revenue from freight forwarders and logistics companies accessing the Embedded Cargo API to offer insurance coverage within their own systems. The Litus Cargo Partners program allows freight forwarders and logistics companies to generate revenue from selling embedded insurance policies on shipped goods.
3. Cargo Claims Outsourcing Services: Outsourced claims management services provided to logistics and transport companies, eCommerce businesses, managing the full claims communication cycle with clients and suppliers.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

LITUS srl is an independent multi-line Managing General Agency (MGA) that underwrites and distributes Marine Cargo, Motor (CVT), and eCommerce insurance policies under delegated underwriting authorities granted by Lloyd's Insurance Company S.A., Tokio Marine Europe S.A., and MS Amlin. The company operates under the trading name "Cargo+ Underwriting" for its accredited intermediary network and delivers its products through proprietary insurtech platforms (Larizzacargo.com, Litus eCommerce Platform, Litus Motor Platform, Embedded Cargo API, Trace & Cover, and a white-label intermediary portal). Coverage includes goods-in-transit, stock-throughput, freight forwarder/carrier/terminal liability, CVT motor cover (fire/theft, kasco, glass, collision, accessories), and eCommerce-specific covers (shipping return insurance, extended warranty, kasco, payment guarantee, cyber, business interruption).

Product overview

LITUS is a multi-line Managing General Agency (MGA) operating under the trading name 'Cargo+ Underwriting' for its intermediary network. Its product portfolio centers on three primary platforms: Larizzacargo.com (Marine Cargo underwriting and certificate issuance), the Litus eCommerce Platform (Open Insurance / Embedded Insurance for online merchants), and the Litus Motor Platform (CVT vehicle insurance). Supporting these platforms are specialized sub-products including Trace & Cover (cargo insurance with real-time tracking), Embedded Cargo for Freight Forwarders (API-based embedded insurance), Coperture digitali (real-time digital coverage for transport professionals), SmartLoC Partnership (cargo coverage integrated with IoT payment monitoring), Cargo Claims Outsourcing, and a White-Label Intermediary Portal built with Loro Insurance. For eCommerce, additional services include Risk Assessment, Shipping Return Insurance, and Post-vendita Coverage (Extended Warranty and Kasco). The ecosystem is unified through API-driven integrations, XML/Excel data exchange, and a shared InsurTech technology layer, and operates under capacity agreements with Lloyd's, Tokio Marine, and MS Amlin.

Differentiator

Problem solved

Functional benefit

Products and services

• Larizzacargo.com (Marine Cargo Platform) Digital Marine Cargo underwriting and certificate-issuance platform for freight forwarders, shippers, logistics operators, carriers, and traders. Users report shipments, obtain instant insurance quotes, and issue spot or continuous certificates with automated reporting and First Notice of Loss (FNOL) management; supports integration via APIs and XML/Excel file sharing.
• Litus eCommerce Platform Insurance coverage platform for online merchants following an Open Insurance / Embedded Insurance model. Includes risk assessment, coverage design, shipping return insurance, API integration for coverage management, automated claims activation/settlement, and post-sale coverage extensions (Extended Warranty and Kasco) plus business interruption and cyber covers.
• Litus Motor Platform Platform for CVT (Continuous Coverage / Casco) motor insurance quote and policy issuance for automobiles, luxury cars, trucks, and fleets, covering fire/theft, atmospheric events, vandalism, kasco, collision with identified vehicles, glass, and accessory guarantees.
• Trace & Cover Combined cargo insurance and real-time shipment tracking product. Provides all-risks coverage from pickup to delivery, competitive premiums, parametric claims reimbursement, customizable alerts, and integration with third-party IoT shipment monitoring devices via partner tracking companies.
• Embedded Cargo for Freight Forwarders (Litus Cargo Partners) API-based embedded insurance solution enabling freight forwarders and logistics companies to issue cargo insurance certificates directly within their own management systems (gestionali). The Litus Cargo Partners program allows partners to generate revenue from selling embedded insurance on shipped goods, with 24/7 access, automatic certificate generation, monthly automated reporting, and premium billing.
• Coperture Digitali (Digital Coverage Platform) Digital coverage platform for transport and logistics professionals and trade associations to obtain real-time quotes and Marine Cargo coverage, targeted at digitally mature companies with internal risk management; companies without internal risk management are referred to trusted brokers within LITUS's network.
• Cargo Claims Outsourcing Outsourced cargo claims management service for logistics, transport, and eCommerce businesses. LITUS handles the full claims communication cycle with clients and suppliers, using either a dedicated platform or the client's existing systems.
• Piattaforma Intermediari (White-Label Intermediary Portal) White-label no-code intermediary portal developed in collaboration with Loro Insurance, providing accredited (RUI IVASS) intermediaries direct access to LITUS products. Intermediaries can use it internally for collaborators or for direct quote & bind by their end clients.

Quantifiable outcome

• Fast claims settlement with delegated settlement authority (settlement authority) under agreements with lead underwriters
• +3 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• SmartLoCminorStrategic or Co-development Partner · 15 June 2023SmartLoC is a German start-up specializing in B2B payment solutions based on IoT data derived from direct shipment monitoring. Their innovative technology enables buyers and sellers worldwide to optimize payment processes and gain valuable insights into supply chain operations. LITUS insures shipments managed through SmartLoC's platform, providing integrated insurance coverage alongside IoT-based tracking and payment optimization.
• Lloyd's Insurance Company S.A.coreOthersLloyd's Insurance Company S.A. is one of the three lead insurers providing LITUS with underwriting capacity and delegated authorities for risk underwriting and claims settlement. Lloyd's enjoys first-level financial ratings and is one of the world's most prestigious insurance markets.
• Tokio Marine Europe S.A.coreOthersTokio Marine Europe S.A. is a lead insurer providing LITUS with underwriting capacity and settlement authority. Tokio Marine is a top-tier international insurance group with first-level financial ratings.
• MS Amlin Insurance S.E. / MS Amlin Marine NVcoreOthersMS Amlin Insurance S.E. and MS Amlin Marine NV provide LITUS with underwriting capacity and claims settlement authority. MS Amlin is a leading specialty insurer with strong marine insurance expertise and first-level financial ratings.
• Loro InsurancecoreTechnology or IntegrationLoro Insurance is LITUS's technology partner for the white-label no-code intermediary platform. The platform provides accredited intermediaries with direct access to LITUS products for internal use or for quote & bind by end clients. Both companies share a commitment to accessibility and simplicity in insurance distribution.
• International Law Firms (Transport & Logistics)minorImplementation/ SI/ Consulting PartnerLITUS maintains important collaborations with prestigious national and international law firms specializing in Transport and Logistics law, supporting claims management and settlement processes.
• Global Surveyor NetworkminorOthersLITUS has a capillary (extensive) network of surveyors present worldwide, supporting claims assessment and loss adjustment for cargo insurance claims across all geographies.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Loadsure: London-based insurtech MGA offering on-demand, per-shipment marine cargo insurance via APIs and embedded integrations. Directly comparable to LITUS on instant-bind cargo, API distribution to freight forwarders, and digital underwriting of freight liability.
• Castel Underwriting Agencies: UK-based specialty MGA platform hosting multiple underwriting agencies across marine, transport, and specialty lines. Comparable to LITUS as a multi-line, capacity-delegated MGA applying digital distribution to traditional specialty insurance.
• Bcover: Spanish digital MGA focused on embedded and on-demand insurance for logistics, mobility, and eCommerce. Closely comparable to LITUS in multi-line insurtech distribution via APIs and white-label, and a near-neighbor in Iberian maritime/logistics risk.

Broad incumbents

• Allianz Trade (Euler Hermes): Global trade credit and marine cargo insurer. Comparable to LITUS on marine cargo underwriting expertise and on serving import/export and freight customers through digital and broker channels.
• Generali Italia: Italy's largest multi-line insurer, writing significant motor and commercial insurance. Comparable to LITUS as a domestic Italian competitor on the motor line and as a capacity/partner option in the local market.
• Marsh McLennan: Global insurance broker and risk advisor placing marine cargo, motor, and commercial lines for large enterprises. Comparable to LITUS as a dominant broker channel for the same product lines, but operating at vastly larger scale and across geographies.
• Howden Broking Group: International insurance broker with dedicated marine and logistics practice. Comparable to LITUS as a specialist broker for freight, cargo, and transport liability risk across European markets.
• UnipolSai Assicurazioni: Major Italian insurance group with strong motor franchise and growing commercial lines. Comparable to LITUS as a leading domestic motor insurer and potential capacity partner for LITUS's CVT book.

Emerging players

• Accelerant: Data- and capacity-enabled MGA platform operating across specialty and commercial lines globally. Comparable to LITUS as a digitally-native MGA leveraging delegated capacity from top-tier carriers and embedded distribution.
• Rooser: UK-based digital insurance platform specializing in marine and logistics risks with embedded capability for brokers and operators. Comparable to LITUS on the marine cargo digital underwriting and broker-API distribution proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/cargoplusunderwriting
• LinkedInlinkedin.com/company/cargo-underwriting-by-litus

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LITUS