LONDON, June 27, 2024–( BUSINESS WIRE )–Collinson, the global leader in travel experiences and loyalty programs, has announced a strategic partnership with global travel insurer World Nomads, including the launch of a new Annual Multi-Trip (AMT) product in the UK and Ireland.
The new product line delivers an improved customer experience with higher coverage limits and new benefits for both annual and single trip insurance, as well as the innovative parametric service SmartDelayTM. These enhancements mean travelers are better protected against a wider range of travel-related issues and unexpected flight delays and cancellations.
As part of the partnership, Collinson will be responsible for underwriting AMT products as well as offering World Nomad customers the use of its new parametric product, SmartDelay.
SmartDelay is a real-time parametric product that offers a range of benefits to customers in the event of flight disruptions, such as providing travellers who experience flight delays access to over 1,500 airport lounges and offering alternative benefits such as spa, sleep pods and restaurant discounts. SmartDelay also gives travellers access to Air Doctor, which connects travellers to private doctors and medical advice in destinations where public health services are overburdened or may not be able to treat international travellers.
The new partnership supports Collinson's UK and European growth ambitions, enabling the company to take on World Nomads' operations across the UK, Ireland, Germany, Denmark, Belgium and the Netherlands, with further expansion planned in the future.
Greg Lawson, head of travel insurance at Collinson, said: “Both Collinson and World Nomads are well-established brands with travellers around the world. Our collaboration in developing a product that goes beyond what today's traveller wants in travel insurance demonstrates our commitment to providing fair value, flexibility and choice. Given Collinson's experience as a well-known travel insurance underwriter and World Nomads' commitment to delivering innovative travel insurance, the synergies between the two companies make our partnership even stronger. It's a great opportunity to bring a compelling product to the travel market to drive our shared ambitions for growth in the UK and Europe.”
World Nomads' AMT policy offers comprehensive, cost-effective coverage for frequent international and domestic travelers, allowing for multiple trips per year on one policy. Plus, if you're traveling with an adult relative or friend, there's an increased age limit (up to 69 years old) and children (under 18) are covered for free, making AMT insurance ideal for multi-generational travel.
The story continues
Jonathan Frankham, general manager, UK and Europe, World Nomads, said: “The introduction of the AMT product and the integration of Collinson as World Nomads' new underwriter reflects our unwavering commitment to providing the most comprehensive and innovative coverage for adventurous travellers. We are pleased to offer an enhanced travel insurance experience that addresses the unique needs of today's traveller. Features such as Air Doctor and SmartDelay allow our travellers to confidently tackle today's most common travel challenges while enjoying seamless access to medical care and luxurious airport lounges during delays.”
Issued by Rein4ce on behalf of Collinson
About Collinson
Collinson Insurance: Our areas of expertise, travel and accident & health insurance, include underwriting capabilities, insurance products and access to specialist TPAs ​​in the UK and Europe. Our deep understanding of loyalty and membership programs gives us true differentiation and clients confidence that partnering with us will bring growth. SmartDelay is a parametric service that allows airline passengers with registered flights to access airport lounges or alternative benefits in the event of a flight delay or cancellation. Priority Pass is the world's first and market-leading airport experience program. We provide travellers access to over 1,500 airport lounges and travel experiences at over 700 airports in 145 countries.
Collinson Group
About World Nomads
World Nomads is a fast-growing global travel insurance company providing inspiring stories, safety tips and specialist travel insurance for adventure seekers and solo travelers. Our online travel insurance covers travelers in over 100 countries and allows you to buy and claim online 24/7, even while traveling.
Our travel insurance focuses on what travelers consider important: emergency medical, evacuation, baggage, trip cancellation, trip delay and trip interruption costs. We also cover over 200 adventure sports and activities, technology and equipment. Our policies are underwritten by specialist travel insurance companies that offer 24/7 emergency assistance, customer service and claims support, making us the first choice for many of the world's leading adventure, solo travel and youth travel brands.
World Nomads is part of the nib Group, which provides health and medical insurance to over 1.5 million residents of Australia and New Zealand. It also provides health insurance to over 170,000 international students and workers in Australia and is the third largest travel insurer in Australia and a global distributor of travel insurance through nib Travel.
https://www.worldnomads.com/uk/
View source version on businesswire.com: https://www.businesswire.com/news/home/20240627952877/en/
contact address
Imogen Morrison: Imogen.Morrison@rein4ce.co.uk, +44 (0)7718 127431.