SINGAPORE – Cargo Community Network (CCN) and Otonomi today announced a partnership to launch Otonomi’s parametric cargo delay insurance as an integrated solution on the CUBEforall open data platform. This collaboration provides freight forwarders with a unified and automated tool to mitigate the financial risks of shipment delays.
Otonomi’s insurance now available on CUBEforall, uses real-time flight data to automatically activate a policy when a shipment departs. If the shipment is delayed on arrival beyond a set time, an automatic payout is triggered, removing the need for manual claims and paperwork.
This “no-claim, instant-payout” model is designed to combat a protection gap in the logistics industry. Traditional cargo insurance policies do not cover the financial impact of delays, leaving forwarders exposed to risks such as cargo spoilage, production line stoppages, and contractual penalties, which contribute to a multi-billion-dollar annual market loss.
“Our forwarder community faces immense pressure when time-critical shipments are delayed, yet they’ve never had a tool to manage that financial risk, until now,” said Adrian Goh, Chief Executive Officer of Cargo Community Network. “By integrating Otonomi’s solution, we are giving our users a new capability to protect their business. This partnership perfectly demonstrates our platform’s core mission: turning real-time data into automated solutions that solve real-world problems.”
The partnership is a key part of Otonomi’s strategy to deliver accessible risk management solutions to the global logistics market, marking a milestone in its expansion into the Asia-Pacific region.
“The greatest challenge in logistics is uncertainty, and the financial impact of delays is a great point of friction for everyone in the supply chain,” said Yann Barbarroux, CEO & Founder of Otonomi. “Partnering with CCN is a strategic fit. CUBEforall’s event-driven architecture is the ideal engine for our parametric solutions. Together, we can provide forwarders with the protection they need to operate with greater confidence.”
The integrated Otonomi solution will be available to CUBEforall users starting October 2025. For more information, visit https://www.ccn.com.sg/otonomi/
About Otonomi:
Otonomi is a Brooklyn based insurtech, offering the first ever cargo delay insurance. Otonomi provides shippers a simple yet powerful way to mitigate financial risks arising from cargo delays. Through their AI-assisted algorithm, they deliver instant delay quotes to time-critical cargo owners, right when they need it the most. They also made the claim process a breeze by using a proprietary parametric mechanism which brings transparency and speed to an industry always in motion.
Media Contact:
CCN
Bertrand Leseigneur
Director of Marketing, Otonomi