Expedia now offers AIG travel insurance in new partnership

InsuranceBee and Hiscox launch insurance agent partner program

The insurer and the online travel booking site came to a deal to provide consumers with more options. American Insurance Group and Expedia have reached a deal that will sell AIG travel insurance on the popular website. On the insurance company’s side, the agreement was a part of a broader strategy. CEO Brian Duperreault is seeking to broaden the insurer’s each and grow its size. This new partnership with Expedia is actually the insurer’s second travel insurance deal five months. Two AIG travel insurance deals have been reached in under…

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Average 2017 travel insurance policy covered far cheaper trips

travel insurance policy suitcase vacation

A recent Generali Global Assistance study showed travelers spent 19 percent less on covered trips. Among travelers who purchased a travel insurance policy last year, coverage was being applied to trips that cost an average of 19 percent less than they had the year before. The data was published by Generali Global Assistance, through its Travel Insurance division. The travel insurance analysis used the insurer’s proprietary data throughout the 2017 season. Throughout 2017, the average cost of a trip covered by a travel insurance policy was $1,883. This represented a…

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Revolut travel insurance covers you using geolocation tech in your phone

Revolut Travel Insurance

This Fintech startup offers a subscription service offering international medical and dental coverage. The new Revolut travel insurance, the product of a Fintech startup, now offers international medical and dental coverage. The product involves the use of a mobile app and geolocation technology. For a small daily subscription fee, users are covered even when they travel from one country to another. The unique new form of Revolut travel insurance lets travelers purchase a basic cheap coverage that will follow them wherever they go, regardless of whether they head out of…

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Travel insurance claims are pouring in following several hurricanes

travel insurance claims policies

This busy storm season has led to a large number of filings from people whose vacations were interrupted. The active 2017 hurricane season has led to a sudden influx of travel insurance claims as vacations and business trips see interruptions. This type of storm season has helped to demonstrate the value that this type of insurance coverage can offer travelers. Thousands of people across the United States are breathing a sigh of relief after purchasing the coverage. Those who purchased their travel insurance policies before the storms were named can…

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Travel insurance trends head toward protecting travelers from terrorism losses

travel insurance trends - phone security check

Interest in these coverage products has been on the rise due to a growing number of global events. Leading travel insurance trends aren’t just focused on hurricanes and illness anymore. A considerable number of traveler inquiries are now seeking to make certain that they are protected against losses from terrorism, too. This shift in the market has been greatly driven by the rise in terrorist attacks happening in popular travel destinations. Travelers feeling a growing concern about the way terrorism could affect their plans and are requesting information and are…

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