Technology is Key to Travel Insurance of the Future
(PRWEB
Addressing the rise of senior travellers priced out of traditional cover, there is growing recognition that one size fits all policies are no longer viable. Bespoke deconstructed adventures with multiple destinations, hotels and activities replacing package holidays presents another problem; costly 'bolt-ons' catering for this can be unfit for purpose. The problem is not breaking down policies into bite size pieces easy for travellers to swallow, but rather traditional systems and policies are not designed with bespoke travel plans in mind.
"Traditional packaged cover is no longer always appropriate for increasing numbers of the travelling public," said
Personal travel profiles can be based on things the individual always needs, such as medical cover, but for dangerous sports, or travel off the beaten track, cover must be comprehensive, specific and robust. "Too many travellers are sacrificing value for convenience with current travel insurance add-ons. These sometimes make sense for cash, delay, medical expenses and baggage," added Colonnese. "However, the industry could be better at explaining all the potential pitfalls of specific trips and activities, offering specific cover up front. That's where technology is really coming into its own and we're at the forefront of that revolution," concluded Mark.
Read the full story at http://www.prweb.com/releases/2018/05/prweb15507006.htm
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