Berkshire Hathaway Travel Protection Underwrites Cover-More’s Launch of Direct Travel Insurance in the U.S.

STEVENS POINT, Wis.--(BUSINESS WIRE)-- Berkshire Hathaway Travel Protection (BHTP) announces today the agreement to underwrite Cover-More’s direct travel insurance product launch in the U.S. The business relationship teams BHTP with Cover-More, an Australian provider of travel insurance throughout multiple countries around the world. The agreement allows Cover-More, to sell travel insurance products and services to U.S. travelers taking domestic and international trips.

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“This is a unique opportunity to align with an organization that shares our commitment to leveraging technology to provide the best experience for travelers. This is the first step towards an alliance that continues our promise to revolutionize the travel insurance industry,” said Dean Sivley, president of Berkshire Hathaway Travel Protection.

The strategic business relationship leverages BHTP’s claims processing and real-time payment platform, BHTP Burst, with Cover-More’s proprietary online optimization platform, Impulse. BHTP’s multi-payment platform can reimburse travelers for covered claims in seconds. Cover-More’s Impulse technology integrates with e-commerce websites and travel booking engines to offer insurance options specifically tailored to individual travelers and their specific trip.

“The two companies complement one another very well — BHTP’s product, customer service excellence and claims innovation combined with our predictive intelligence solutions is the perfect combination to provide travelers with innovative, tailored insurance products for their trip,” commented Carole Tokody, CEO of Cover-More Group for North America and Canada.

Cover-More already provides travel insurance and medical assistance in Australia, New Zealand, China, India, Malaysia, Singapore and the U.K. The new alliance with BHTP extends their global offering to the U.S., one of the largest markets for travel insurance. In addition, Cover-More has relationships with several international airline carriers who can extend these same BHTP products to their U.S.-based travelers heading abroad.

About Berkshire Hathaway Travel Protection

Berkshire Hathaway Travel Protection is the trade name for the travel protection services of Berkshire Hathaway Specialty Concierge, LLC, a subsidiary of Berkshire Hathaway Specialty Insurance Company, part of the National Indemnity group of insurance companies. Berkshire Hathaway Travel Protection created AirCare™ flight and other travel related protections. The AirCare™ product is provided by Berkshire Hathaway Specialty Insurance Company or National Liability & Fire Insurance Company. Visit bhtp.com for more information.

About Cover-More Group

Cover-More Group Limited is a specialist and integrated travel insurance, medical assistance and employee assistance provider. The group listed on the Australian Securities Exchange (ASX) in 2013. Cover-More has the leading market position in Australia—with an approximate 40% share of the national travel insurance market and a growing footprint in India and China as well as a presence in Malaysia, Singapore, New Zealand and the United Kingdom and now the United States. Visit https://www.covermore.com/about-us for more information.

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Berkshire Hathaway Travel Protection

Brad Rutta, 715-295-9030

[email protected]

or

MMGY Global

Erica Campbell, 646-236-4519

[email protected]

or

Cover-More Group

Angela Cross, Pilot PR, +61412 929 397

[email protected]

Source: Berkshire Hathaway Travel Protection