Chubb Korea, a publicly traded property and casualty insurance company, has partnered with Korean Air to bolster travel insurance offerings.
Chubb provides property and casualty insurance personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
According to a report from Insurance Business, the collaboration will provide Korean Air passengers more convenience in preparing for risks that may occur during air travel, domestic or overseas.
The coverage will include theft or damage to personal property including mobile phones, flight and baggage delays, as well as unexpected medical expenses, including those related to Covid-19.
Korea-based travellers looking to avail Korean Air flight insurance can do so directly via the travel insurance icon on the Korean Air website or mobile app.
Customers can also add insurance via the booking management page after purchasing their flight tickets on either platform.
Edward Kopp, country president of Chubb Korea’s general insurance business, said, “We are honored to partner with Korean Air, particularly as travel confidence returns. The partnership is a joint effort by both companies to allow travellers to travel abroad safely and more conveniently. Chubb in Korea will continue to provide our policyholders who are traveling abroad with peace of mind through a wide range of benefits and convenient services.”
Earlier this year, Chubb launched a global climate business unit in a bid to support net zero climate targets. The business unit will provide a full spectrum of insurance products and services to businesses engaged in developing or employing new technologies and processes that help reduce the dependence on carbon.
Additionally, the unit will provide risk management and resiliency services to help those managing the impact of climate change.
Chubb also appointed Chriss Collins and head of airline for global markets earlier in the year.
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