In recent years, European insurtech companies have completely transformed the travel insurance industry. By implementing groundbreaking technology, they are able to provide customers with tailored products that meet their individual needs and enable them to customize an insurance
Category Archives: Travel Insurance
Impact of Inflation on Travel Insurance: An Insurers’ Guide
Inflation is a common phenomenon that affects almost every industry, including the travel insurance sector. As the cost of living continues to skyrocket and operational expenses remain high, travel insurance companies may be forced to adjust their pricing. This could have far-reaching effects
Singapore Consumers Travel Insurance Needs
In 2022, we conducted a study Singapore: 2022 Travel Insurance Outlook, surveying 500 travelers to gain insights into their views on travel insurance. Now, in this follow-up survey, we delve deeper to explore how travelers’ sentiments towards travel insurance have changed with the return of travel.
The Challenges Of Risk Assessment For Parametric Travel Insurance Products In 2023
Parametric travel insurance is quickly gaining traction in the industry. This is a type of insurance that pays out based on the occurrence of specific, predefined events. Insurers and travel organizations are coming together to provide consumers with more pertinent
The Impact Of Carbon Offsetting Sustainability Initiatives on B2B Travel Insurance Partnerships
Carbon offsetting has become a primary initiative for the travel industry since the pressure to practice more sustainable travel rises. Projects like reforestation and renewable energy sources have contributed greatly to the reduction or removal of emissions. Because of these big projects
Effective Strategies For Responding To RFPs In Embedded Travel Insurance Partnerships
Travel insurance companies are constantly searching for ways to distinguish themselves and win partnerships. In order to be successful in gaining these partnerships, they must be aware of the right approach to take when responding to Request for Proposal (RFP) requests.
Understanding The Legal And Regulatory Requirements Of Embedded Travel Insurance Partnerships In The Asia Pacific Region
Embedded travel insurance partnerships, where insurance is included in the cost of a travel package, is becoming a common practice in the Asia Pacific region. These partnerships offer benefits for travel providers and consumers, such as added convenience and value.
Customized Coverage: Bundling Travel Insurance Products For Personalized Solutions
Merely providing a one-size-fits-all approach to travel insurance isn’t sufficient these days because customers have diverse needs that require tailored solutions. An ideal way to meet these individual requirements is to offer bundled packages of travel insurance.
Boosting Customer Loyalty for Travel Insurers
In today’s digital age in the highly-competitive insurance landscape, customer retention is more important than ever for travel insurers looking to succeed. One of the most effective ways to improve retention is through the use of digital insurance distribution channels.
Benefits of Travel Insurance Partnerships for the Hospitality Industry
As the hospitality industry is becoming more competitive, leading hotels and resorts seek new ways to set themselves apart from their competitors and draw in new customers.
Supporting Airlines In The Post-Covid World: The Role Of Travel Insurance Providers
The COVID-19 pandemic had a devastating impact on the travel industry, with airlines and travel insurers among the hardest hit. As the world looks to recover and rebuild, it is crucial that these two industries work together to restore consumer confidence and drive demand for air travel.
Benefits of Travel Insurance Partnerships for the Holiday Car Rental Companies
For rental car companies like Europcar, Avis and Sixt, offering high-quality service at competitive prices is key to client attraction. But have you ever considered the potential benefits of partnering with a travel insurer for holiday car rentals?