Pattern Insurance and WeTravel have announced a new partnership aimed at integrating insurance into the travel booking experience.
The reason for this partnership is to enable holidaymakers to insure their international trips at the point of purchase, according to InsurTech Insights.
Through this partnership, travellers will have the option to add insurance at the time of booking, making the process more streamlined and ensuring peace of mind for both operators and travellers.
This integration aims to enhance the overall travel experience by providing a safety net right from the start.
This initiative is expected to increase the number of travellers who opt for travel insurance, addressing a significant gap highlighted by Tesco Bank’s 2023 research, which found that 31% of trips were uninsured.
Pattern Insurance, founded in 2020, specialises in custom embedded insurance products, while WeTravel, established in 2016, provides travel companies with software solutions for managing bookings and payments. WeTravel’s platform is used by over 500,000 travellers globally.
Pattern Insurance is known for its custom embedded insurance products, designed to meet specific needs seamlessly.
Their solutions help protect travellers from unforeseen circumstances that might disrupt their plans. WeTravel offers a comprehensive platform supporting multi-day and group travel businesses, facilitating seamless booking and payment processes.
WeTravel CEO Ted Clements emphasised the importance of this partnership by stating, “With hundreds of products in one platform, we’ve built WeTravel to support multi-day and group travel businesses – and their travellers. When we think about strategic insurance partnerships, we know the benefit of having insurance available to add-on at the time of booking not only provides peace of mind for the operator, but the traveller.”
“With thousands of clients and nearly a million travellers booking through these clients, to bring international insurance at this scale is incredibly valuable to all stakeholders. This partnership is a step-forward in scaling the availability and accessibility of travel-specific insurance for all adventures.”
Additionally, Meitav Harpaz, CEO of Pattern, added, “As travel costs continue to rise, it’s more important than ever for travellers to protect their booking from circumstances out of their control. Pattern’s new partnership with WeTravel enables travellers to easily access the right type of insurance for their trip, making for a seamless and worry-free booking experience.”
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