The move marks a significant milestone in the company’s growth strategy. The company has hired Ben Brough from Munich Re to lead its European expansion.

The news follows on from Loadsure announcing a partnership with KoiReader Technologies to improve insurance claims processing by incorporating KoiReader’s specialised Optical Character Recognition (OCR) API into Loadsure’s platform.

Initially, Loadsure will focus on the Benelux region, Germany, France, Denmark, Norway, Finland, and Sweden. With Brough’s industry expertise, Loadsure aims to establish a strong presence in these key markets and offer cutting-edge insurance solutions to clients.

Loadsure stands out as the industry’s first data-driven insurtech MGA and provides innovative end-to-end insurtech solutions, Loadsure seeks to help brokers maximise profits and minimise losses for all parties involved.

Brough said via social media: “We are proud to be part of the Lloyd’s community Loadsure and look forward to working with European brokers to provide an insurtech solution to placing cargo insurance and provide holistic freight protection.”