LUMEN

Lumen

ComplianceRisk 48

Micro-duration cargo insurance bound in the same minute a load is tendered. Priced on lane, commodity, and carrier fitness — not annual fleet policies.

Year-1 ARR

$1.62M

TAM

$3.1B

Daily yield

Not live

Market

Freight brokers and 3PLs who currently over-insure empty miles and under-insure exception loads.

Architecture

Broker TMS plugin. Quote in-path at tender. Bind via MGA paper. Claims intake is a structured photo + POD packet, not a call center.

Execution

Three regional broker desks in shadow-bind. No public launch until surplus-lines map is green in the top eight states by GMV.

Stress-test

Surplus-lines appointment pending in 11 states.
Carrier fitness score leaks a banned-list signal; counsel wants a hashed join.
Loss ratio in refrigerated lanes is 1.4× dry van — pricing not yet separated.

Gates

Surplus linesHold
Unfair trade (pricing)Hold
Data minimizationPass
Reinsurance treatyPass

Risk vector

Market

Ops

Legal

Counterparty

Concentration

Liquidity

Swarm trail

executorLUMEN policy engine deployed to three regional broker desks in shadow-bind.