TT Club plans extended product range for transportation and logistics companies and others

This initiative offers brokers the ability to extend coverage and develop insurance products that brokers can utilize in attracting new customers who operate in the supply chain.

November 9, 2001  The Through Transport Club, an insurance mutual for ship operators, stevedores, port authorities, transport and logistics companies and freight forwarders world-wide, is planning an extension of its product range to meet specialist needs throughout the supply chain.

To implement the initiative, Alan Wilkins, a senior Club executive with 17 years experience, has taken on the role of product development and innovation. This follows the recent news of TT Club's initiative to relinquish the right to supplementary calls.

Outlining the TT Club's unique role, Alan said: "We have, over many years, provided cover for an enormous range of circumstances. This cover can now be rationalized and packaged to create new and improved products that will serve the full range of industry needs more accurately and comprehensively than previously possible."

The aim of the mutual is twofold. First, it is to offer brokers the ability to extend the nature of coverage currently on offer to TT Club members. Second, it is to develop insurance products that brokers can utilize in attracting new customers who operate in sectors of the supply chain not automatically associated with the TT Club at present. Under consideration are such fields as charterers' facilities and products designed for rail freight and logistics services providers.

"In many cases, these products will be tailored to provide swift, cost-effective solutions to coverage requirements traditionally seen as highly complex," said Wilkins, adding, "We shall also be able to fine tune these products as necessary to meet the evolving demands of our members in the future."

Alan will utilize a team including the TT Club's policy, claims, marketing and e-commerce directors and the leader of broker strategy. He will also work directly with brokers to develop new and existing market sectors.