AIG Launches Canada’s First Travel Insurance on Demand Smart App
Mobile platform delivers usage-based protection
The Travel Guard® On Demand app represents a departure from the traditional travel insurance options, including single trip or annual plans, and instead offers a more flexible way to buy travel insurance while giving consumers (ages 16-55) more control over their utilization of coverage.
“We’re always looking for new ways to keep pace with our travellers and by offering this innovative, fast and easy way to purchase travel insurance, our travellers can get more convenient coverage for when and how they want to use it,” said
The app offers a convenient, user-friendly way to purchase select Travel Guard products and services that are offered as specific blocks of insurance coverage up to 90 days, for use within 365 days from the date of purchase. When the app’s geolocation feature senses that the customer has arrived at an airport or a border crossing into
This new method of buying and utilizing travel insurance allows travellers to customize their protection period for each trip – down to the hour.
Usage-based insurance is a new concept in the travel insurance industry. The Travel Guard On Demand app pioneers this service model and reinforces AIG’s commitment to provide innovative, best-in-class products and services to its customers. Products available through the app offer coverage (within the terms of the insurance policy) for emergency medical services outside a customer’s home province, trip delay, baggage and personal effects, along with access to 24/7 travel assistance.
Travel Guard® On Demand is powered by JAUNTIN’, a Canadian insurance technology company. AIG’s relationship with JAUNTIN’ was formed when the insurance technology start-up won the AIG Canada Innovation Challenge. More than 80 Canadian technology start-ups applied and JAUNTIN’ was selected as the winner by a panel of AIG executives and members of AIG’s Global Innovation Team. The Challenge, hosted by AIG Canada in partnership with the Consulate General of
The app can be downloaded from Apple’s
About Travel Guard
About AIG
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
About JAUNTIN’
JAUNTIN’ is an insurance technology company specializing in risk optimization and operating on a mobile, on-demand platform to transform the way that consumers purchase and think about insurance. Aggregation of data enables insurers to optimize for more competitive pricing and better risk management. The JAUNTIN’ experience allows users to be paperless, as all the information they need on their policy is stored in their smartphone. For more information on JAUNTIN’, please visit www.jauntin.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180326006026/en/
AIG Canada
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Source: AIG Canada
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