Leading insurtech innovator 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 will allow travellers to insure international trips at the point of booking.
Over half a million travellers use WeTravel to book international multi-day group tours, and by joining forces with Pattern travellers booking international trips can now also add comprehensive insurance cover to their bookings, as an immediate add-on while completing their booking.
Last year it was revealed that 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 – making travel insurance accessible to thousands of potential customers.
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.”