Roamly, an embedded InsurTech for travel enthusiasts with unique RV insurance offerings, has launched a global travel insurance product.
The product provides trip cancellation coverage for all travellers wanting to protect their trips from unforeseen events, including pre-trip or mid-trip Covid-19 or Covid-19 variant diagnoses.
Roamly will market its travel insurance product to US and European consumers first, starting with customers of Outdoorsy, an online recreational vehicle rental and outdoor travel marketplace. Two complementary products will also be offered with IMG including a travel medical insurance policy and an interior damage insurance policy for RV renters.
Roamly pointed to estimates from Next Move Strategy Consulting, which revealed that the global travel insurance market is forecast to grow to approximately $175bn by 2030. Moreover, Roamly said a recent RVIA survey showed that 72 million Americans will go “RVing” this year — outdoor travel, in particular, is expected to surge throughout the world.
Steve Paraboschi, president and CEO of IMG, anticipates international travel could rebound to pre-pandemic levels by 2023, “We are delighted to partner with Roamly to offer cancellation and medical coverage to global consumers as well as to affiliate networks and clients based throughout North America and Europe.
“The world is opening up again, and Roamly and IMG are striving to be at the forefront of innovative solutions that give additional protection and security to those who want to get back to travel.”
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