TT Club makes transport and logistics supply chains safer and more resilient
- A market leader in providing mutual insurance to the international transport and logistics industry, TT Club helps make supply chains safer and more secure
Country Business Reports interviews and articles by Discovery Reports
There is much to be learned from experience, and TT Club Mutual Insurance – a market-leading independent provider of mutual insurance to the international transport and logistics industry – knows and wields this well. Guiding members since 1968 with in-depth industry knowledge by managing complex risks, building solutions around changing needs and navigating uncharted waters such as the Covid-19 pandemic, TT Club helps make global transport and logistics supply chains safer and more secure.
“The transport and logistics space is a fast-moving and fast-developing sector,” said Phillip Emmanuel, Asia-Pacific regional director.
“To provide relevant insurance solutions, we constantly update our expertise and knowledge of evolving dangers by using data and our own claims experience to analyse disruptive trends.” The company serves more than 1,100 members, 97 per cent of whom renewed their policies last year, and about a third choosing to insure with the company for at least 20 years. These make up some of the world’s largest logistics companies, transport owners and operators, major ports and terminals, and smaller and bespoke companies that encounter similar risks. Each member client has a dedicated underwriting contact who looks at risks in detail and understands the account and the business dynamics.
“It is a very personalised service, and a global network supports our local expertise in underwriting, claims handling, loss prevention and risk management,” Emmanuel said. “This broad scope sets us apart.”
With headquarters in London, regional headquarters in Hong Kong and New Jersey, offices in San Francisco, Shanghai and Sydney, and a presence in Singapore and other areas through network partners, TT Club provides fast, personal and specialised solutions within a highly competitive space. Eyeing growth, it focuses on prudent risk assessment as it seeks more aligned partnerships with logistics companies in China, Southeast Asia, the Indian subcontinent, South Korea and Japan to bolster its support services, particularly its legal, language, and business and environmental knowledge.