Policybazaar for Business Launches A Digital Revolution in Marine and Transit Insurance

10 Jan 2025 CW Team

Traditionally, businesses were required to submit monthly declarations for domestic policies and transit-specific insurance certificates for import and export shipments. This process often led to operational inefficiencies and claim denials. Enroute addresses these challenges by providing an intuitive, centralised solution that simplifies compliance, reduces administrative burden, and enhances policy accuracy.

“Marine and transit insurance customers often faced fragmented systems and cumbersome processes. With Enroute, we’ve streamlined the entire experience, allowing businesses to declare transits, generate certificates, and update their sum insured with ease,” said Sajja Praveen Chowdary, Head of Policybazaar For Business.

Enroute offers multiple ways to upload shipment details, including invoice uploads, file uploads, and interactive interfaces. Its OCR technology extracts necessary details from invoices or LR copies, saving customers significant time by eliminating manual data entry. Additionally, the platform integrates seamlessly with existing invoice generation or supply chain management systems, automating declarations and certificate generation to ensure compliance and claim eligibility.

As a dynamic tool, Enroute evolves with user needs, delivering continuous improvements in usability and functionality. By automating traditionally labour-intensive processes, the platform sets a new benchmark in marine and transit insurance, enhancing efficiency and ensuring smoother operations for businesses.

PBFB’s Enroute redefines the marine insurance experience, providing businesses with a seamless, error-free solution to meet their growing trade requirements.

Policybazaar For Business (PBFB), the corporate arm of one of India’s largest insurance marketplaces, has launched Enroute, an innovative platform aimed at transforming marine and transit insurance operations. The platform enables businesses to generate insurance certificates and file declarations swiftly, reducing the time-consuming manual processes associated with domestic and international trade insurance.Traditionally, businesses were required to submit monthly declarations for domestic policies and transit-specific insurance certificates for import and export shipments. This process often led to operational inefficiencies and claim denials. Enroute addresses these challenges by providing an intuitive, centralised solution that simplifies compliance, reduces administrative burden, and enhances policy accuracy.“Marine and transit insurance customers often faced fragmented systems and cumbersome processes. With Enroute, we’ve streamlined the entire experience, allowing businesses to declare transits, generate certificates, and update their sum insured with ease,” said Sajja Praveen Chowdary, Head of Policybazaar For Business.Enroute offers multiple ways to upload shipment details, including invoice uploads, file uploads, and interactive interfaces. Its OCR technology extracts necessary details from invoices or LR copies, saving customers significant time by eliminating manual data entry. Additionally, the platform integrates seamlessly with existing invoice generation or supply chain management systems, automating declarations and certificate generation to ensure compliance and claim eligibility.As a dynamic tool, Enroute evolves with user needs, delivering continuous improvements in usability and functionality. By automating traditionally labour-intensive processes, the platform sets a new benchmark in marine and transit insurance, enhancing efficiency and ensuring smoother operations for businesses.PBFB’s Enroute redefines the marine insurance experience, providing businesses with a seamless, error-free solution to meet their growing trade requirements.

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