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More than one in 10 Australians could ditch travel insurance

More than one in 10 Australians could ditch travel insurance | Insurance Business AustraliaTravelMore than one in 10 Australians could ditch travel insuranceAustralians feel the pinch of cost-of-living crisisTravelBy Roxanne LibatiqueEarlier this year, South Cross Travel Insurance (SCTI) found that one in 10 Australians could ditch travel insurance due to the cost-of-living crisis, and with rates continuing to rise the insurer has said even more Aussies might now be thinking of cutting back on cover.“We carried out research at the beginning of the year which showed that one in 10 Aussies would cut…
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Stella’s new women focused travel insurance

Stella’s new women focused travel insurance | Insurance Business AustraliaTravelStella’s new women focused travel insuranceCoverage includes childcare and domestic abuseStella Insurance recently announced a new offering in partnership with battleface, a global travel insurance products firm. The travel coverage, said Stella’s chief operating officer Renee Cosgrave (pictured above), is partly a response to an opportunity created by the COVID-19 pandemic.“More than ever before, we’re seeing customers wanting to buy travel insurance,” said Cosgrave. “One of the great things that did come out of COVID was the experience of convincing many consumers that they must have…
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New partnership aims to revolutionize travel insurance in Australia

New partnership aims to revolutionize travel insurance in Australia | Insurance Business AustraliaTravelNew partnership aims to revolutionize travel insurance in AustraliaCollaboration claims to align coverage with travelers’ specific journey requirementsTravelBy Roxanne LibatiqueTravel insurer battleface has teamed up with insurance.com.au.This collaboration aims to offer Australian travelers enhanced coverage options, characterized by flexibility and tailored to individual travel plans, leveraging battleface’s advanced modular API technology.What to expect from the partnership This new alliance enables clients of insurance.com.au to personalize their travel insurance to match their specific travel requirements, ensuring a coverage that aligns with…
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Allianz outlines current trends in the travel insurance industry

Allianz outlines current trends in travel insurance industry | Insurance Business AustraliaTravelAllianz outlines current trends in the travel insurance industryTraveler behavior and expectations pre- and post-COVID comparedTravelBy Roxanne LibatiqueAllianz Partners explored the trends shaping the travel insurance industry in 2023 at the latest Allianz Global Travel Summit in Paris.Three key topics emerged during the summit: elevated levels of demand for insurance; increased economic and geopolitical volatility; and higher customer expectations. Demand for travel insurance According to Allianz Partners, the high number of people traveling in 2023 resulted in consumer…
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Travel insurance marketplace reveals budget-friendly destinations for spring

Travel insurance marketplace reveals budget-friendly destinations for spring | Insurance Business AmericaTravelTravel insurance marketplace reveals budget-friendly destinations for springWhat’s the average price of a trip this year?TravelBy Terry GangcuangcoThe cost of spring travel this year has gone up by more than 11%, according to US-based travel insurance marketplace Squaremouth.According to spring travel data published by Squaremouth, the average trip cost this year stands at $7,719; in 2023, the average price was $6,943; in 2022, $6,599; and in 2021, $6,172.“High trip costs can result in significant financial loss if you need to unexpectedly…
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InsureandGo Ireland rolls out Blink Parametric solution

InsureandGo Ireland rolls out Blink Parametric solution | Insurance Business UKWe use cookies to improve this site and enable full functionality. You can change your cookie settings at any time using your browser. Our cookie policyTravelInsureandGo Ireland rolls out Blink Parametric solutionTie-up offers real-time serviceTravelBy Terry GangcuangcoTravel insurance provider InsureandGo Ireland, a MAWDY brand, now features a real-time flight disruption offering that is powered by Blink Parametric.“This is the first quarter since our agreement with Blink Parametric last October, and we mark it with the early completion of our first brand to…
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Travel Insurance Top of Mind Among Travellers: Allianz Study

The impacts of the pandemic have taught consumers that sometimes things don’t always go as planned. The pandemic exposed the unpredictability of travel and the peace of mind that travel protection can bring – leading to consumers focusing on their health and health coverage taking center stage.But there’s also extreme weather events, widespread staffing shortages, and supply chain issues that have made travel (and life) more unpredictable. Flight cancellations, delays and other obstacles have become more common and visible.While there’s nothing quite as exciting as booking a trip, travelers are smart to be aware of potential risks and…
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Travel insurance: Why millions of Australians aren’t taking it out

Key PointsA majority of Australians don’t take out insurance before they travel. The most common reason given for not getting travel insurance was that it’s too expensive. Government service Smartraveller says, “If you can’t afford insurance, you can’t afford to travel.”Travel is returning to pre-pandemic levels. But despite being a nation of jet-setters, new data shows most Australians don’t take out travel insurance before they leave. A nationally representative survey of 1,056 people conducted in November by comparison website Finder revealed 59 per cent of Australians – equivalent to almost 12 million people – had gone on a…
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