Dubai Trade and Abu Dhabi National Insurance Company (ADNIC) have organized a forum to announce the official launch of Tradeshield for online cargo insurance.

Entitled ‘The importance of cargo insurance in trade and logistics, the half-day forum in Dubai saw industry professionals come together to discuss the key issues and developments in the cargo insurance sector, including recent advances in e-commerce in the region.

Industry expert, David Phillips, president of the National Association of Freight & Logistics, was also a key host and speaker at the forum.

Announcing the launch of Tradeshield, Dubai Trade CEO Mahmood Al-Bastaki said: “We are committed to realizing the vision of Sheikh Mohammed bin Rashid Al Maktoum for a smart government and smart Dubai. Tradeshield is a platform that fits the strategic direction, meeting the needs of the trade and logistics community with an easy to complete and efficient way of insuring their shipments.”

Al-Bastaki said: “We have seen a growing demand for cargo insurance services over the past years.

“Initiating Tradeshield service came after observing the importance of protecting and securing the interests of the companies and traders while shipping the cargo, which guarantees its customers’ loyalty and ensures the success of the business transactions.”

ADNIC has a long standing expertise in providing cargo insurance solutions for clients across the UAE and the Middle East, and was the first insurance company to join the Tradeshield platform.