Apollo partners ZenHedge to insure freight cost volatility

Apollo and ZenHedge Team Up to Tackle Freight Cost Volatility

Partnership Announcement

Apollo, a member of the Skyward Group known for specializing in specialty insurance, has joined forces with ZenHedge, a US-based InsurTech start-up. Together, they are launching a new product called Freight Expense Insurance™.

What Is Freight Expense Insurance™?

This innovative parametric insurance solution is designed to protect shippers from sudden increases in freight costs that arise from trucking carrier tender rejections. Essentially, it aims to safeguard businesses against the unexpected challenges that can disrupt supply chains and impact budgeting.

Why This Matters

The volatility of freight costs has become a pressing issue for shippers, especially given the fluctuations in the transportation market. This partnership intends to provide a safety net for companies facing the uncertainties of rising expenses associated with freight logistics.

Who Will Benefit?

The target audience for Freight Expense Insurance™ includes businesses that regularly ship goods and may struggle with unpredictable freight costs. With this new offering, shippers can potentially better manage their budgets and mitigate financial risks.

Final Thoughts

This collaboration highlights the growing trend of integrating technology with traditional insurance practices, as InsurTech companies like ZenHedge seek to innovate and streamline processes. By addressing specific pain points in the shipping industry, Apollo and ZenHedge are looking to bring more stability and predictability to freight expenses.

Original Source: https://fintech.global/2026/01/27/apollo-partners-zenhedge-to-insure-freight-cost-volatility/