Acturis Cargo
E-trade

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Acturis Cargo E-trade is a fully auto-rated placement route for simple risks

The end-to-end, quote and bind cargo electronic trading solution adds to the growing portfolio of products already available on Acturis platform, demonstrating our desire to embrace innovation by offering our broker partners simple, effective and process efficient ways of doing business with us.

Cargo E-trade key features

Simple and easy to use
Quote and bind with minutes and available to trade 24/7/365
Caters for new business, renewals and MTAs
Identification and application of agreed broker specific wordings
Identification and application of agreed broker specific commission levels
Allows broker flexibility on commission, if required
Elimination of accounts queries
Provision of full audit trail

Tutorials and FAQs

How do I change the commission level?

All quotes will automatically default to the agreed maximum commission however if needed you can reduce commission to any amount between 0 and the maximum. The quote must be in ‘Obtained’ status before you can amend the commission.

To update the commission click on the obtained RFQ that you would like to amend, the click on ‘Rating Amounts’ and ‘Edit’

You can update the commission % by typing the new percentage amount in the ‘Commission rate’ box. Select authorisation type as ‘NMU Commission’. No code is necessary, you can leave this field blank.

Click on ‘Save’ and your quote will be automatically re-rated

Alternatively you can update the commission by a fixed amount. Select Commission Discount Type as “% of Discounted Premium” and then type the amount of commission you would like to reduce by in the ‘Commission Discount’ field. The new total commission amount will recalculate. Click on ‘Save’ and your quote will be automatically re-rated

What values should I enter for Limits and Sendings?

Wherever the term ‘Limit’ is referred to, whether; Own Vehicle; Postal; Goods in Transit; Import/Export Conveyance; Exhibition; Tools and Samples; this should be the maximum single goods value limit per any one of those individual conveyance methods – it is not the total annual value of goods dispatched in that manner

My RFQ has Refer Continued, what do I do?

Even though you have had a message to say that your RFQ has been referred for Underwriter review – please make sure that you then also hit the ‘Submit to U/W’ option, otherwise we won’t receive your RFQ and won’t be able to respond.

My RFQ has Hard Referred, what do I do?

Even though you have had a message to say that your RFQ has referred – you will then need to change the Product Target from Cargo E-trade to Cargo U-trade and resubmit in order for our Underwriters to receive your U-trade RFQ.

Can I obtain cover for Stock Throughput risks?

Yes. We can offer cover for Stock Throughput risks on our E-trade product for UK storage locations. Please note that requests for this cover will currently refer for review by an underwriter.

Can I obtain cover for One-Off Single Shipment risks?

No. Our Cargo E-trade product is not designed to cover Single Shipment risks.

The Assured has not paid the premium, how do I cancel the Policy?

Our E-trade cargo product does not support E-traded cancellations, and as such the cancellation will need to be submitted manually.

Select the ‘Process Cancellation’ option and the system will advise that the Policy will be set to manual.

Please then email our Cargo E-trade team at NMU-acturiscargo@nmu.co.uk to request cancellation of your E-trade policy, including any relevant copy correspondence and detailing what measures have been pursued to try to obtain payment of the premium.

The Assured has ceased trading, how do I cancel the Policy mid-term?

Our E-trade cargo product does not support E-traded cancellations, and as such the cancellation will need to be submitted manually.

Select the ‘Process Cancellation’ option and the system will advise that the Policy will be set to manual.

Please then email our Cargo E-trade team at NMU-acturiscargo@nmu.co.uk to request cancellation of your E-trade policy, including an explanation of the reason for cancellation.

Can I obtain cover for Freight Liabilities?

No. Our Cargo E-Trade product is designed solely for first party cover for cargo goods owners not third-party logistics providers such as haulage contractors, freight forwarders or warehouse keepers.

If you require terms for Freight Liability Insurance, please submit an enquiry via our Freight & Hauliers Liability U-trade product.

Get in touch with us

If you experience any issues using Acturis, please contact our E-Trade Cargo team: MRSI-acturiscargo@munichre.com, 01622 941222 or contact one of our Underwriters directly as below.