The latest from Open who are launching a new Travel product;
Open, the global embedded insurance partner for leading brands, announces the launch of its new travel insurance offering, designed to meet the diverse needs of individual travellers, and travel providers.
The new product takes Open’s Instant Claims™ technology to a new level and features innovations like Smart Flight Delay, which automatically provides lounge passes to customers and up to four companions when facing flight disruptions of sixty minutes or more, the product is designed to offer customers the service they need, when they need it the most, without always having to lodge a claim.
The products also feature Open’s user-friendly digital-first approach that empowers customers to effortlessly manage their policies, customise their coverage, and access support whenever they need.
“Our excitement around our latest travel insurance launch comes from bridging the gap between modern digital travel experiences and innovative insurance solutions”, comments Sam Hoppe, Chief Commercial and Insurance Officer UK at Open. “The frictionless tech driven journey that travellers expect from airlines and OTAs should seamlessly extend to insurance and that hasn’t been the case up until now and is where we are aiming to lead the way”.
Fueled by Open’s sophisticated technology platform, the travel insurance product provides tailored complimentary covers for banking, telecommunications, and payment card partners, ensuring that their customers have access to the specific trip requirements that they need.
Whether integrating travel insurance into existing products and services or providing standalone travel insurance for digital brands, the Open platform provides flexibility for travel providers to develop appealing offerings within various contexts, enhancing their portfolios.
Additionally, the platform ensures a smooth digital claims experience supported by around-the-clock emergency assistance through global insuretech experts, Charles Taylor. To bring Smart Flight Delay to life, Open has also partnered with Collinson, the global, privately owned company dedicated to helping the world travel with ease and confidence.
“There are some exciting developments on the horizon for 2024 as we look to expand more travel features further down the line, including instant claims and cash settlements and a pay with points feature which promises continued evolution in the travel insurance landscape,” concludes Sam Hoppe.
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