Flycovr provide a revolutionary service that is transforming how insurance solutions can be accessed across the global aviation industry. The integrated partnership with ERP.Aero is the first of its kind in the aviation industry, and will enable all ERP users to protect any shipments transacted on the system in just a click of a button.
What does this mean? Any aircraft parts transacted on the system, can be insured, no matter the value, no matter the origin or destination. At just the fraction of the price, this all-risk insurance solutions is designed to cover aircraft parts in transit over air, land or sea. Protected to true invoice value, and with digital claims paid out in 72 hours.
ERP.Aero is designed to provide stability with minimal infrastructure and is customisable to fit the user needs. With Flycovr’s added benefit now integrated within the platform, ERP.Aero is the first in the aviation industry, to truly protect its users by embedding insurance solutions into the workflow.
“ERP’s vision is to transform business for aerospace companies by driving efficiency and innovation to lower procurement cost of aircraft parts and services… this ethos, directly aligns with ours at Flycovr, where the goal is simple – to protect the global aviation supply chain and all the commercial interests of the integral businesses that keep our fast paced industry moving smoothly and without business interruption”.
FlyCovr goes beyond traditional risk mitigation by offering access to a carefully curated panel of specialized aviation insurtechs and insurance providers. This partnership empowers businesses in the aerospace sector to obtain the right insurance coverage for their specific needs, addressing a critical gap where over 60% of components in the supply chain lack proper insurance.
Built to tackle the underinsurance crisis, Flycovr have partnered with Loadsure, whom leverages high resolution data and AI to analyze every detail of an assured’s risk and generate custom insurance policies to the exact specification in seconds.
This collaboration brings together industry leaders to create a more secure and efficient environment for the aviation industry. Businesses can leverage ERP’s platform to streamline procurement processes and connect with a network of reliable suppliers. FlyCovr’s platform, on its part, is providing access to real-time risk mitigation tools and the ability to obtain tailored insurance coverage – ensuring businesses are prepared for unforeseen circumstances. Through ERP, this is directly accessible.
“The global aviation industry has huge exposures across the supply chain that represent both a financial and reputational risk to businesses of all sizes,” adds Sam Kirtikar, CEO & Co-Founder. ” Combining aviation expertise with aviation specific insurance solutions, Flycovr is servicing the supply chain and all operators within it, with less laborious, more accessible and more cost-effective digital insurance solutions”. Both ERP.Aero and FlyCovr are committed to innovation and providing their users with the best possible experience. This partnership marks a significant step forward in security and risk management for the aviation industry, and both our companies are excited to see the positive impact it will have on businesses worldwide.
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