KRAVAG put the 2024 phantom carrier loss in DACH at about 859 million euros across the insured book.
KRAVAG market briefing 2024
Underwrite on facts.
Not declarations.
Trusted Carrier maintains a continuously verified record of every operator across the EU 27, sourced from official registries. You consume the verified facts. We do not underwrite. Every counterparty in your book becomes verifiable by the shipper, the broker and the port.
EU 27
Operators normalised
24 / 7
Rechecked at the source, not annual
859 M€
Phantom loss, KRAVAG 2024
No new claims processNo required core swapLive cover, signedReusable across insurers
Underwriter desk · Q2Continuous · live
OperatorScoreΔ today
Meyer Logistik GmbH
DE.4471.882
Transcargo Sp. z o.o.
PL.6612.004
Lombardia Express SRL
IT.2207.118
Nordica Frakt AB
SE.0941.776
Iberica Cargo SL
ES.5510.220
Sourced · KRAVAG · Driver register · Operator register · VIES · Sanctionssigned
Why this matters
The market pressure already on the table.
Verified counterparty data shortens the underwriting cycle from weeks of document collection to hours of factual review.
European insurance market study
Continuous re verification surfaces licence and sanctions changes the same day, ahead of the next renewal cycle.
Trusted Carrier field deployments
What you actually get
Four moves. No core swap.
Each pillar maps to one thing your underwriting and claims desks can do without rebuilding the core system or migrating the book.
- 01
Underwrite in hours, not weeks
Sourced HRB, licence, VAT, sanctions, and beneficial owners. One call replaces the PDF stack and the email loop.
- 02
Live policy proof for your insureds
Publish cover status into the network. Shippers, brokers, and ports verify it in real time, signed and timestamped.
- 03
Phantom carriers fall out of the book
Verified only dispatch and QR bound pickup remove the attack surface phantom and double brokering rely on.
- 04
Compliance headcount on real risk
One verified record, reusable across every insurer in the network. No more repeat KYC on the same operator.
How an underwriting check flows
From a quote request to a sourced verdict.
- Step 01Broker submits a quote
- Step 02Operator looked up by VAT
- Step 03Already verified?Yes / No fork
- Step 04Sourced from registries
- Step 05Continuous monitor on
- Step 06Decision in hours
Signature view
One frame, the whole pattern.
The bespoke lane visual: how a verified record actually looks where this lane lives.
Underwriter desk · Q2Continuous · live
OperatorScoreΔ today
Meyer Logistik GmbH
DE.4471.882
Transcargo Sp. z o.o.
PL.6612.004
Lombardia Express SRL
IT.2207.118
Nordica Frakt AB
SE.0941.776
Iberica Cargo SL
ES.5510.220
Sourced · KRAVAG · Driver register · Operator register · VIES · Sanctionssigned
Illustrative metrics
What insurers typically report.
Modeled ranges from field deployments. Your numbers depend on book mix and the share of operators already in the network.
01
Weeks → hours
Underwriting cycle on routine risks
02
Live
Cover proof for shippers and ports
03
1 record
Reused across insurers, no repeat KYC
04
Same day
Lapse and sanctions delta on the book
Insurance scenarios
Pick the one that matches your week.
Each scenario is one concrete situation, with the same verification primitive underneath.
- 01Read the scenarioRead
I want tounderwrite based on verified operator data, instead of forged or outdated documents.
Onboarding a new transport account today means waiting for self declared paperwork. Trusted Carrier exposes a source verified record of every operator in the EU-27. HRB, licence, VAT, sanctions, beneficial owners, claims-relevant credentials.
- 02Read the scenarioRead
I want toreduce claims by working only with verified legitimate counterparties.
Phantom-carrier loss cost KRAVAG alone 859 M€ in 2024. When dispatch routes only to verified counterparties and pickups are gated by QR, the attack surface for fraud collapses. and so does the claim line.
- 03Read the scenarioRead
I want toprovide real time source verified proof of coverage, instead of static certificates.
Your insureds spend hours every week sending CMR certificates to shippers, brokers and ports. Publish live policy status to Trusted Carrier and every counterparty in the network can verify cover in real time, signed.
- 04Read the scenarioRead
I want toprice risk based on continuously verified data, instead of periodic snapshots.
Annual self-declaration and urgent telemetry add noise. The platform delivers a continuously source checked view of every operator in your book. fleet size, driver verification rate, ADR coverage, sanctions exposure, claims-relevant changes. refreshed live.
- 05Read the scenarioRead
I want toreduce compliance overhead by reusing verified data across workflows.
Most of your compliance cost is repetition. every counterparty re-verified by every team, every year. The platform makes the verified record a network asset: you consume it, you don't re-do it.
Objections we hear most
Honest answers. No theatre.
Claim
We already run our own KYC.
Reply
Keep your policy. Verified records make the same KYC cheaper, continuous, and reusable across every insurer that needs the same operator.
Claim
Our core system cannot accept new feeds.
Reply
There is no required core swap. Start with the analyst desk reading verified records, then connect deeper feeds when it is convenient.
Claim
Cover proof in the network exposes our pricing.
Reply
It does not. The verified record carries cover status and limit, never premium or commercial terms.
Claim
Phantom carrier risk is a fraud problem, not insurance.
Reply
It becomes an insurance problem at first notice of loss. Verified only dispatch removes the precondition the fraud needs to land.
FAQ
Quick answers.
Do we underwrite anything inside the platform?
No. Trusted Carrier verifies counterparties. Underwriting decisions, pricing, and policy terms remain entirely with you.
What data sources sit behind a verified record?
National operator registries, national operator and driver registers, VAT registers, sanctions lists, the operator's insurer for live cover, and the issuing bodies for licences and certifications. Every fact is signed and source cited.
How do shippers and brokers consume cover proof?
Through the same verified record. They read live cover status and limit when they verify the operator, with no extra integration on your side.
How fast can we run a sandbox?
A typical sandbox runs in days, not weeks. Bring your top 50 counterparties and see them source verified across the EU 27.
Does the verified record replace our annual review?
It augments it. The annual review keeps its shape, but the in between months become continuous, with same day deltas on licence, sanctions, and beneficial owners.
Verified once. Trusted everywhere.
Plug into the verification network.
Sandbox in days. Bring your top 50 counterparties and see them source verified across the EU 27.