FreightInsure
FreightInsure is an Australia and New Zealand embedded per-shipment freight insurance platform that integrates no-excess Goods In Transit and Cargo Liability cover into freight carriers, 3PLs, TMS systems, and freight marketplaces via REST API at the point of booking.
- Company typePrivate
- Founded2022
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What FreightInsure does
FreightInsure is an embedded per-shipment freight insurance platform operating across Australia and New Zealand, structured as FreightInsure Pty Ltd (AFSL 549662) under the FreightSafe Group parent. It offers two complementary insurance products: Goods In Transit, purchased by shippers to cover their own cargo against loss, damage, or theft on a per-consignment basis, and Cargo Liability, purchased by freight carriers to cover their legal liability to customers, with carriers buying at wholesale and selling at a retail price they set. Both products carry no excess and settle approved claims from dollar one, in contrast to traditional marine cargo policies that impose AUD 1,000-2,000+ excesses.
The technology layer is a REST API with webhooks, a sandbox environment, full documentation, and a dedicated technical onboarding engineer per partner, designed to be embedded invisibly at the point of booking inside freight carrier platforms, TMS systems, and freight marketplaces. Typical integrations go live in 2-3 weeks, and FreightInsure reports 85-100% activation rates when cover is set as the default in the checkout flow. Claims are managed end-to-end by FreightSafe, with a 5 business day resolution target. Underwriting is provided by Assetinsure Pty Ltd and HDI Global Specialty SE (AA-/stable S&P), giving the product institutional balance-sheet backing rather than FreightInsure acting as a risk carrier itself.
The go-to-market combines an OEM/embedded channel (Shippit, Cario, InXpress/Webship, Fast Courier, Consignmate, Cope, InExpress, Bluestar, Ofload), a freight-carrier and 3PL/4PL channel earning per-shipment commission or wholesale-retail margin, an insurance-broker referral channel, an enterprise direct sales motion for large shippers, and a self-serve direct channel for SMB shippers capped at AUD 50,000 per consignment. Pricing is transaction-based at 0.5-2% of declared goods value, with no subscription, no minimum commitment, and no upfront cost for distributors, and the company monetises through per-shipment premium share, commission, and margin spread on Cargo Liability.
FreightInsure firmographics
Firmographics- Name
- FreightInsure
- Legal name
- FreightInsure Pty Limited
- Website
- https://freightinsure.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FreightInsure is an Australia and New Zealand embedded per-shipment freight insurance platform that integrates no-excess Goods In Transit and Cargo Liability cover into freight carriers, 3PLs, TMS systems, and freight marketplaces via REST API at the point of booking.
- Ownership category
- akta.pro rank
FreightInsure industry classification
Industry- Product category
- Freight Insurance
- NAICS
- Freight Transportation Arrangement (48851), Freight Transportation Arrangement (4885)
- SIC
- Arrangement Of Transportation Of Freight & Cargo (4731)
- akta.pro primary industry
- Cargo Claims Management & Loss Prevention (Survey, Recovery, Subrogation Support) (TLACAHAH)
- akta.pro secondary industry
- Freight Brokerage (Truckload/LTL/Intermodal) (TLAIANAA)
Keywords
Where FreightInsure is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
FreightInsure business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Goods In Transit Commission: Distributors (freight carriers, platforms) earn a commission on every Goods in Transit policy their customers purchase — a percentage of the premium received. Commission activates only when shipments move and cover is purchased. No upfront cost.
- Cargo Liability Margin: Carriers purchase Cargo Liability cover from FreightInsure at a wholesale rate and sell their own transit protection product to customers at a retail price they set. Carrier keeps the margin between wholesale and retail prices.
- Direct Per-Shipment Premium: Shippers purchase transit insurance per consignment based on declared value of goods. Premium calculated on cargo type, declared value, and shipping route. No annual fees or minimum commitments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Per-shipment cover for shippers |
| Transaction based/ take rate | Pay-as-you-go | Distributor commission (Goods In Transit) |
| Transaction based/ take rate | Pay-as-you-go | Cargo Liability wholesale-retail margin |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels5 records
FreightInsure product offering
Product offeringCore offering
FreightInsure provides per-shipment (per-parcel, per-pallet, per-container) freight insurance products — Goods In Transit for shippers via distributors, Cargo Liability cover for carriers, and direct Transit Insurance for shippers — together with a 24/7 digital claims management service. Distribution is delivered through a cloud-based platform with embedded REST APIs that plug into TMS, FMS, ERP, and freight marketplace systems across Australia and New Zealand.
Product overview
FreightInsure is an embedded per-shipment freight insurance platform operating across Australia and New Zealand, built on 20+ years of freight claims experience. The core portfolio consists of two complementary insurance products: Goods In Transit (purchased by shippers, covering their goods against loss/damage/theft) and Cargo Liability (purchased by freight carriers, covering their legal liability to customers). Both products share per-shipment pricing, no excess, and end-to-end claims management via FreightSafe. The platform serves three distributor segments — Transport Companies, Insurance Brokers, and Technology Platforms — who embed FreightInsure into their existing booking flows via REST API to earn per-shipment commission, and two shipper segments — direct Shippers and Enterprise customers. The company is part of the FreightSafe Group and acts as agent for underwriters Assetinsure and HDI Global Specialty SE.
Differentiator
Problem solved
Functional benefit
Products and services
- Goods In Transit Insurance
Quantifiable outcome
- 100,000 claims resolved annually
- +4 more outcomes
Companies that use FreightInsure
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
FreightInsure technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature5 records
FreightInsure partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- ShippitcoreFreight platform partner integrating FreightInsure's embedded freight insurance into Shippit's freight booking platform, providing customers with per-shipment cover at point of booking.
- CariocoreFreight booking platform integrating FreightInsure's embedded insurance solution seamlessly into their platform, providing reliable cover accessible by customers at checkout.
- InXpresscoreFreight platform partner with FreightInsure integrated into Webship platform, providing customers peace of mind through reliable, easy-to-use freight insurance solutions.
- Fast CouriercoreCourier platform partner providing customers self-serve option to protect freight at checkout with no excess on claims.
- ConsignmatecoreFreight platform partnered with FreightInsure allowing carriers to extend insurance to customers when booking freight through Consignmate platform.
- Clique LogisticscoreTransport company distributor embedding FreightInsure into service offerings, with seamless claims resolution helping maintain strong client relationships.
- Active Freight SolutionscoreFreight solutions provider offering FreightInsure to clients, providing peace of mind while removing risk from their operations.
- Bruce Chiene Insurance BrokerscoreInsurance broker referral partner providing FreightInsure to transport clients as a value-add with easy implementation and no admin burden.
- Aceit Transport SolutionsminorTransport solutions company distributing FreightInsure to clients in freight industry.
- Freight SpecialistsminorFreight specialist company referring clients to FreightInsure for freight protection products.
- Assetinsure Pty LtdcoreUnderwriter of FreightInsure policies in Australia. ABN 65 066 463 803; AFSL 488403. Partnered with HDI Global Specialty SE for policy backing.
- HDI Global Specialty SEcorePrimary underwriter for FreightInsure policies in Australia and New Zealand. Australian branch: ABN 58 129 395 544; AFSL 458776. NZ branch: NZBN 9429049187991, FSP 774050. Financial Strength Rating: AA-/stable (Standard and Poor's), A+ (AM Best).
- FreightSafe GroupcoreParent company of FreightInsure. FreightWise Services Pty Limited (ABN 88 101 566 465, trading as FreightSafe, AFSL 529628) acts on behalf of insurers to manage and settle claims. 20+ years of freight claims experience behind FreightInsure.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
FreightInsure competitors and assessment
Company assessmentBroad incumbents
- Lemonade: Lemonade is a digital-first insurance company that pioneered embedded insurance through partnerships, sharing FreightInsure's digitally-native, per-event insurance distribution philosophy at a broader consumer scale.
- TT Club: TT Club is a specialist insurer providing liability cover to freight transport operators globally, comparable to FreightInsure's Cargo Liability wholesale product aimed at freight carriers and 3PLs.
- CoverWallet (Aon): CoverWallet, now part of Aon, is an online commercial insurance platform that small businesses use to purchase and manage policies, comparable to FreightInsure's self-serve direct online channel for SME shippers.
- TransGuard Insurance: TransGuard is a long-standing marine cargo and freight insurance provider serving global shippers and freight forwarders, representing the incumbent marine insurance market that FreightInsure's no-excess per-shipment model is disrupting.
Direct peers
- CoverGenius: CoverGenius is an embedded insurance API platform that enables digital platforms to embed parametric and traditional insurance products into their checkout flows, comparable to FreightInsure's API-first embedded distribution model.
- Parcel2Go: Parcel2Go is a UK parcel and freight comparison platform that offers integrated parcel insurance at point of booking, sharing FreightInsure's model of embedding cover inside a multi-carrier booking flow.
- Loadsure: Loadsure is a freight insurance technology company offering per-shipment, no-excess cover integrated via API into freight booking platforms, directly mirroring FreightInsure's core product and embedded distribution model across global markets.
Emerging players
- Easyship: Easyship is a multi-carrier shipping platform that offers integrated insurance add-ons at checkout, comparable to FreightInsure's embedded integration inside shipping platforms like Shippit and Cario.
- Boost Insurance: Boost Insurance provides infrastructure-as-a-service that enables any company to launch and distribute insurance products without becoming a licensed carrier, overlapping with FreightInsure's role as an MGA-style agent embedding cover into third-party platforms.
- Shippo: Shippo is a shipping API platform with carrier integrations that could embed freight insurance at label purchase, comparable to FreightInsure's integration into freight booking platforms like Shippit and Cario.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
FreightInsure financial estimates
Financial estimateRevenue estimate
Valuation estimate
FreightInsure leadership team
Management profileNumber of profiles
Profiles3 records
FreightInsure funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FreightInsure M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FreightInsure
What does FreightInsure do?
FreightInsure provides per-shipment (per-parcel, per-pallet, per-container) freight insurance products — Goods In Transit for shippers via distributors, Cargo Liability cover for carriers, and direct Transit Insurance for shippers — together with a 24/7 digital claims management service. Distribution is delivered through a cloud-based platform with embedded REST APIs that plug into TMS, FMS, ERP, and freight marketplace systems across Australia and New Zealand.
Is FreightInsure a public or private company?
FreightInsure is a private company. It is classified as corporate owned and is currently operating.
When was FreightInsure founded?
FreightInsure was founded in 2022. It employs 11 to 50 people.
Where is FreightInsure based?
FreightInsure is headquartered in Sydney, Australia, in the Oceania region.
How does FreightInsure make money?
Three revenue lines are on record. Goods In Transit Commission is the primary driver. The others are cargo Liability Margin and direct Per-Shipment Premium.
Who are FreightInsure's main competitors?
Broad incumbents on record are Lemonade, TT Club, CoverWallet (Aon) and TransGuard Insurance. Direct peers are CoverGenius, Parcel2Go and Loadsure. Emerging players are Easyship, Boost Insurance and Shippo.
Does FreightInsure have an API?
Yes. FreightInsure offers a REST API that enables technology platforms to embed freight insurance into their booking flows. The API supports quoting, binding, and issuing cover per consignment at the point of booking. The integration includes webhooks for real-time event notifications, a sandbox environment for isolated testing, and full API documentation and design guides. Most integrations go live within two to three weeks, with a dedicated technical onboarding engineer assigned to each partner for direct support throughout the build.
What industry is FreightInsure in?
FreightInsure's product category is Freight Insurance. Its primary akta.pro industry code is TLACAHAH, Cargo Claims Management & Loss Prevention (Survey, Recovery, Subrogation Support), with a secondary code of TLAIANAA, Freight Brokerage (Truckload/LTL/Intermodal). Its NAICS code is 48851 and its SIC code is 4731.