PAXAFE

About PAXAFE

PAXAFE operates in the cargo insurance industry, providing a dynamic risk management platform that leverages IoT sensor data and advanced predictive analytics to offer better pricing and enhanced coverage for shipments. The platform utilizes an Adaptive Risk Score, which factors in critical supply chain inputs and third-party data like weather and traffic patterns, allowing insurers to price their products based on actual shipment risk rather than customer profiles. PAXAFE's solution offers real-time visibility and insights for shipments, providing a digital footprint that answers who, what, when, where, and how for all transported goods, whether by LTL, FTL, ocean cargo, air freight, or parcel. The platform serves shippers, insurance providers, and carriers, converting sensor data into contextual insights and offering configurable notifications on critical events. This enables clients to monitor goods in real-time and receive immediate alerts if a shipment experiences potentially harmful deviations. PAXAFE's business model revolves around a subscription-based service, where clients pay for access to the platform's features and insights, generating recurring revenue. The company operates in the logistics and insurance markets, focusing on enhancing supply chain visibility and risk management.