Otonomi

Unexpected events happen all the time. Out of your control. Episode……9 Foul stench of 100 pigs in cargo causes KLM Royal Dutch Airlines flight to make emergency landing in #Bermuda: ‘Fresh-air break’ After the movie “Snakes on a plane”, let’s talk about “Pigs in the cargo plane” : a KLM Royal Dutch Airlines flight from #Amsterdam to #MexicoCity made an emergency landing in #Bermuda on Friday after the foul stench of 100 pigs in cargo overwhelmed passengers and crew members onboard. This smelly event caused a 24h #delay. https://lnkd.in/eFR72Qqa Delay Claims Are Fully Excluded From Traditional Insurance Policies. Take Action! Get Otonomi’s Cargo Delay Insurance! Cargo-in-Transit Delays + Rolled Shipments.

The International Air Transport Association (IATA)) predicts significant growth in the airline industry for 2025. Key highlights include: Air Cargo: -> Expected to carry 72.5 million tonnes of cargo (5.8% increase) -> Cargo revenues estimated at $157 billion -> Demand driven by cross-border e-commerce and maritime shipping challenges Industry Revenue: -> Forecast to exceed $1 trillion for the first time -> Total revenue expected to reach $1,007 billion (4.4% year-on-year increase) -> Net profits projected at $36.6 billion (3.6% net profit margin) Key Trends: -> Continued growth supported by all regions -> Passenger traffic growth driving revenue -> Potential uncertainties from geopolitical factors and U.S. trade policies Employment: -> Airline employment expected to grow to 3.3 million -> Aviation sector employs 86.5 million people globally -> Generates $4.1 trillion in economic impact (3.9% of global GDP) With that growth, more delays will happen. ===> Take action, insure your cargo and logistics delays with Otonomi. ===> Request a quote: https://lnkd.in/e2dhb5ss Yann B. Domenick Packett Jeremy Sutton Wilfred W Lau Bertrand Leseigneur

Very compelling article from STAT Times: Air cargo demand up 10% in Nov; "industry has shown its maturity" https://lnkd.in/dW-4dNDR -> Global air cargo demand rose 10% year-on-year in November, marking 13 consecutive months of double-digit growth. -> Global spot rates increased to $2.90 per kilo, the highest in nearly two years. -> The industry successfully avoided a potential "peak of all peaks" scenario, demonstrating maturity in capacity management and resource allocation.  At Otonomi, we forecast an incredibly turbulent first half of 2025 with looming trade tariff changes and increased risks of strikes => heightening #CARGODELAYS and #SUPPLYCHAINDISRUPTION risks! Take Action. Get Otonomi’s Cargo Delay Insurance! Cargo-in-Transit Delays + Rolled Shipments.

⏱️ 51.4% of vessels arrive at least 1 day after their ETA. A massive #supplychain issue. Cargo delay insurance is a solution. Contact us for a demo https://lnkd.in/ebUJn6PR #Parametric #Insurance #Delay #Cargo

🙏 Team Otonomi would like to wish a #HappyThanksgiving to our American friends, colleagues and partners. Thanksgiving is a family matter but also a highly sophisticated logistical operation that cannot allow delays. A few numbers: -> 46 million turkeys eaten on Thanksgiving Day. -> The equivalent of 17,823 truckloads of turkeys transported. -> 210 million turkeys raised in the US in 2022. -> 214 million pounds of potatoes purchased and transported. -> 80 million pounds of cranberries eaten during Thanksgiving week. -> 18.9 million ready-made pies purchased. -> Supply chain planning occurs 6-12 months in advance. -> Fresh turkey has only a 21-day shelf life. -> Turkeys require 10-18 weeks of farm time before processing. Team Otonomi is more than thankful for the support we are receiving from our investors, partners and customers. Yann B. Wilfred W Lau Domenick Packett Jeremy Sutton Bertrand Leseigneur

Our one and only Head of #APAC Wilfred W Lau at the #ALMAC event in Hong Kong during the #HKMaritimeWeek Are you in Hong Kong, let's connect. Set up a meeting with Wilfred W Lau here https://lnkd.in/eRE9mJhK

Fantastic day at the CMA CGM #AIMSUMMIT in #Marseille. Amazing event! Thank you to ZEBOX La Tribune BFM Business Talan La Provence Région Sud - Provence-Alpes-Côte d'Azur CEVA Logistics Now it's time for Yann B. to leave Marseille, his birthplace, to fly back to New York.

Thank you DigFin Group and Jame DiBiasio for naming Otonomi in your article "Five fintech startups to follow". https://lnkd.in/eySyvyHS Otonomi is aiming to disrupt the marine and #aircargo insurance industry by leveraging usage-based data. Every year, $24 trillion worth of goods are transported globally by sea and air, but cargo delays are a persistent problem. Despite the scale of this issue, #cargo #delay #insurance does not currently exist, leaving a $50 billion protection gap. Otonomi is seeking to fill this gap by offering delay insurance policies based on actual transit time metrics. FinTech Innovation Lab Cyberport Hong Kong Yann B. Wilfred W Lau

Let's go! From 400 startups to 60 finalists in 3 categories. CMA CGM just announced the names of the 60 finalists of the CMA CGM Startup Awards. Our CEO Yann B. will pitch Otonomi's tech in Marseille during the #AIMSUMMIT 📅 When: November 15 🌍 Where: the famous Velodrome Stadium in Marseille ℹ More info: https://aim-marseille.com/ #Parametric #CargoDelay #insurance #innovation

Otonomi Shortlisted for the Startup Awards in France! 🚀 On November 15, 2024, we will present our innovative technology in #Marseille, France after being selected as a finalist for the prestigious CMA CGM #StartupAwards. Otonomi's parametric cargo delay insurance solution has been recognized in France for its potential to contribute to CMA CGM's vision. More info to come. #ParametricInsurance #Maritime #Cargo #DelayInsurance #startup #pitch