Revolut to embed travel insurance with Allianz

Global financial app Revolut has appointed Allianz Partners, a B2B2C insurance provider, as its global travel insurance services provider.

As of this month, Allianz Partners will provide its comprehensive  travel insurance services to Revolut customers who hold a Premium or Metal Account, initially in 31 markets across The EEA and the UK.

Revolut Premium and Metal Account holders will have access to a range of travel insurance benefits directly within the Revolut app. This includes trip cancellation and interruption in the event of pandemic and epidemic illness, including Covid-19.

The insurance package provided by Allianz Partners will also include the benefits that Revolut customers have come to enjoy over the past few years, such as protection for overseas medical emergencies, trip cancellation, trip interruption, lost or delayed baggage, and winter sports cover. Customers will also benefit from a 24/7 Medical assistance hotline and a range of additional benefits provided by Allianz Partners. The Premium plan will now provide cover for children or dependents up to the age of 17 and Metal will include extended travel liability cover and car hire excess.

Balazs Gati, global head of insurance at Revolut, said, “Offering Travel insurance with Allianz Partners will give a significant boost to Revolut customers’ confidence. Our financial superapp offers a wide range of innovative in-app services in addition to those associated with banking and finance, with insurance a valuable asset in our product portfolio.”

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