Travellers can insure international trips at point of booking
Pattern Insurance partners with WeTravel to integrate insurance into booking experience
Pattern Insurance and WeTravel have announced a new partnership to integrate insurance into the travel booking experience.
Insurtech provider Pattern, which specialises in custom embedded insurance products, has joined forces with integrated travel booking and payment platform WeTravel.
The partnership between Pattern and WeTravel is said to allow travellers to insure international trips at the point of booking.
With over half a million travellers using WeTravel to book international multi-day group tours, the firm hopes by joining forces with Pattern, travellers booking international trips can will also add comprehensive insurance cover to their bookings, as an immediate add-on while completing their booking.
According to Tesco Bank research, last year a third (31%) of holidaymakers have travelled at some point without travel insurance.
Amongst 18-34-year-olds this figure rises to 49%, putting travellers at risk of being left out of pocket should unforeseen circumstances prevent their trip from going ahead.
Pattern and WeTravel’s partnership aims to increase the number of travellers opting into travel insurance by making it easy to combine bookings with insurance at the point of travel booking payment.
Meitav Harpaz, CEO of Pattern said: “As travel costs continue to rise, it’s more important than ever for travellers to protect their booking from circumstances out of their control.
"Pattern’s new partnership with WeTravel enables travellers to easily access the right type of insurance for their trip, making for a seamless and worry-free booking experience.”
Ted Clements, CEO of WeTravel said: “With hundreds of products in one platform, we’ve built WeTravel to support multi-day and group travel businesses – and their travellers.
"When we think about strategic insurance partnerships, we know the benefit of having insurance available to add-on at the time of booking not only provides peace of mind for the operator, but the traveller.
"With thousands of clients and nearly a million travellers booking through these clients, to bring international insurance at this scale is incredibly valuable to all stakeholders.
"This partnership is a step-forward in scaling the availability and accessibility of travel-specific insurance for all adventures.”