Berkshire Hathaway Travel Protection (BHTP) has signed 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.
“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.