The COVID-19 pandemic had a devastating impact on the travel industry, with airlines and travel insurers among the hardest hit. As the world looks to recover and rebuild, it is crucial that these two industries work together to restore consumer confidence and drive demand for air travel.
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For rental car companies like Europcar, Avis and Sixt, offering high-quality service at competitive prices is key to client attraction. But have you ever considered the potential benefits of partnering with a travel insurer for holiday car rentals?
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As an online travel agent (OTA), offering a seamless and comprehensive travel experience to your customers is crucial. One way to enhance this experience is to partner with a well-established B2B travel insurance provider. In this article, we will explore the potential benefits and key considerations for OTAs entering into partnerships.
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To navigate through the competitive air travel landscape, airlines need to find new ways to increase revenue and protect themselves from future disruptions. One way to do this is by partnering with a travel insurance provider.
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Data plays a very crucial role in B2B travel insurance partnerships. It is what keeps the ball rolling and is the ultimate key to be successful in the insurance industry. Needless to say, data is the most important element in every process of travel insurance companies.
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Since the insurance industry is rapidly evolving, insurers are now gearing towards digital distribution channels to keep up in the competition.
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The travel insurance industry is constantly changing and evolving to meet the needs of consumers. In 2023, there will be 20 key challenges that will impact the industry. These challenges must be taken into account by insurers if they want to remain competitive and profitable in the coming years.
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Asia Pacific is expected to be a major growth driver for the global travel and tourism industry, as the region market is estimated to be around US$7.2 billion as of 2017, with potential for further growth up to 2023.
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As the travel industry continues to evolve and transform itself, so too must the infrastructure of its related travel insurance products. Insurers need to stay on top of current trends in order to remain competitive and secure long-term success.
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With virtually every business selling in the digital world, optimal user experience has become a must-have rather than a nice-to-have. For airlines selling travel insurance products, it has become imperative to offer a good user interface – user experience (UI/UX) design to capture attention, sell and succeed in a competitive marketplace.
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For Sydney-based global TI and medical assistance provider Cover-More, differentiating its travel insurance product meant integrating a mental health benefit in the core offer. In 2017, it became one of the first providers in Australia to remove the general exclusion for mental health conditions.
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As insurers and travel players move from a product to ecosystem play, fostering partnerships becomes a science of strategy. Insurers should show early on that they are the best provider possible for airlines, with the right capabilities to serve diverse as well as local customers’ needs.
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