On-Demand/Travel Insurance

Insurtech UK has published its Roadmap of recommendations for policy-makers to retain and strengthen the UK's leading global status in insurance innovation.

World Nomads, the global travel insurance provider, has announced the launch of its new Annual Multi-Trip (AMT) product in the UK & Ireland.

Cargo theft is soaring, with no sign of decline in sight. In 2023 alone, the U.S. faced losses of $130m due to cargo theft, and experts suspect the actual figure to be even higher. Fraudsters are becoming increasingly innovative in their methods, now exploiting the freight bidding process on load boards to secure loads, among other scams.

Zurich Insurance Group (Zurich), a global leader in insurance services, has announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for $600m.

Flock, the London-based InsurTech scaleup, has entered into a new partnership with Admiral Pioneer to transform UK fleet insurance with advanced technology and real-time risk management solutions.

Luggage loss remains one of the most significant challenges airlines face. Many travellers have resorted to using AirTags and other smart tags to track their bags, though the issue persists, affecting airlines' brand image and customer satisfaction.

Pattern Insurance and WeTravel have announced a new partnership aimed at integrating insurance into the travel booking experience.

Swiipr has announced it secured $7.6m in funding to advance its platform designed to revolutionise airline disruption payments.

Erste Bank Hungary has launched Flight Delay Insurance, a new service available to its customers in the George app.

bunq, the second largest neobank in Europe, has embarked on a significant enhancement of its AI-powered user assistant, Finn, transforming it into a fully conversational AI.