PAYG Travel Cover From Chubb

rock travel insurance for covid-19

Chubb has announced its Pay As You Roam (PAYR) travel insurance proposition. The timing isn’t great in the UK as overseas holidays are basically a confusing Kafkaesque nightmare of red tape and tests right now, but the groundwork is being laid for the future. And let’s be honest, the day of the annual travel policy is probably over for many people, who need flexible pay-per-trip cover. Here’s the press info;

The PAYR service uses digital technology to simplify the way customers access and purchase travel insurance, using mobile phone roaming data to identify when they are away from their home country, activating coverage automatically at a daily premium. It will be made available through Chubb partners in banking, fintech and telecommunications industries. To use the service, customers must first register for free through the Chubb partner’s core app, where they can also add the names of other travellers they would like to include on trips.

As soon as the customer is detected as roaming, trip cover is activated, and a text message or the app’s pop-up notification informs them cover is in place. Customers have four hours from receipt of this to either decline coverage for the trip or to confirm who needs to be included for cover, if they did not do this prior to travel. We love this thinking, no comparison sites to check, no pages of questions to fill in – it’s done.

Trip cover ends when the customer is detected as no longer roaming (has returned to their home country) or if they reach the maximum trip duration limit of 31 days. Customers will receive an email or app notification at the end of each trip detailing the total premium. If the Chubb partner is a mobile phone operator the cost of the insurance is added to their next monthly mobile phone bill, or to their next bank statement, if the partner is a bank.

PAYR customers can view their trip history at any time and access all policy information and documents via the partner’s core app.

In June, 2020, Bulgaria’s leading mobile operator Telenor became the first telecommunication company to offer Chubb’s Pay As You Roam travel insurance product, marketed by Telenor Bulgaria as “Smart Tourist”.

Rubén Rivero, Head of Travel Insurance, Continental Europe, Middle East & North Africa, A&H Chubb said:

“Chubb’s Pay As You Roam travel insurance has been developed specifically to make life easier for customers and to provide a compelling proposition for our business partners. Once users sign up for the service, the process of getting travel insurance becomes very simple because everything is done automatically. Customers pay a daily rate so they are only charged for what they use and payment – through their mobile phone bill or direct from their bank – is also simple and secure. We believe this is genuinely innovative and disruptive technology because it fundamentally changes the way in which people buy travel insurance and that is a clear benefit to our partners.”

About alastair walker 6129 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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