Traveling internationally has become even more appealing in today’s world. Roamly, the first insurtech embedded for travel enthusiasts, i.e., with unique insurance options, has announced the launch its new website. Global Travel Insurance product. Designed with international travelers in mind — those traveling from Europe to the U.S. and vice versa — this new product provides trip cancellation coverage for all travelers wanting to protect their trips from unforeseen events, including pre-trip or mid-trip COVID-19 or COVID-19 variant diagnoses. This new insurance product is available in the U.S. as well as Europe.
Roamly, through a unique partnership with International Medical Group(IMG), a leader in travel insurance and assistance services and a fully-owned subsidiary of SiriusPoint Ltd., is now equipped to incorporate its new Travel Insurance product into existing marketplace insurance offerings. This will allow Roamly to instantly underwrite risk and give consumers the confidence to travel wherever they want and the keys to protecting their most-anticipated travel plans.
Roamly will first market its Travel Insurance product in the U.S. to European consumers. This will start with customers of Outdoorsy the most trusted online marketplace for outdoor and recreational vehicle rentals. IMG will also offer two complementary products, including a travel insurance policy and an RV rental insurance policy.
“We are delighted to partner with Roamly to offer cancellation medical coverage to global consumers as well as to affiliate networks and clients based throughout North America and Europe,” ” Steve ParaboschiPresident and CEO, IMG.
“The world is opening up again, and Roamly and IMG are striving to be at the forefront of innovative solutions that give additional protection and security to those who want to get back to travel.”
Prashanth Gangu, COO and President, Insurance & Services, SiriusPoint, says that the company has seen strong momentum in its travel medical business over the last six months.
“The pick-up in travel medical insurance indicates that people are ready to explore further afield and travel overseas after being locked down for so long, but that protection against the uncertainty of travel due to Covid-19 is still top of mind,” Gangu. “SiriusPoint is thrilled to support the innovative solutions Roamly and IMG are offering travelers, allowing them to plan travel with confidence.”
Policyholders can cancel trips if they are sick before departure. The policy also covers those who need reimbursement for a missed trip due to illness or hospitalization. COVID-19 and COVID-19 variations are treated the same as any other illness on the Travel Insurance plans.
“Our new Travel Insurance product helps travelers enjoy peace of mind when booking their trips, knowing they have trip cancellation coverage for a variety of unforeseen reasons,” ” Aaron Ammar, Roamly’s Chief Insurance Officer. “This new travel insurance product is a world-first for the global RV and Campervan market and we’re proud that Roamly is now able to help global travelers purchase the right protection for any type of trip, RV or other, at any part of their planning journey.”