Revolut, the global financial super-app with more than 18 million customers worldwide, has appointed Allianz Partners, a leading company in B2B2C insurance and assistance services, as its new global travel insurance services provider.
As of April 2022, Allianz Partners will provide its comprehensive travel insurance services to Revolut customers who hold a Premium or Metal Account, initially in 31 markets across The EEA and the UK.
New and existing Revolut Premium and Metal Account holders will have access to a range of travel insurance benefits directly within the Revolut app. Revolut’s travel insurance package is another example of the fintech’s ongoing efforts to meet and support the needs of their customers.
Even when these needs change over time: thanks to the new partnerships with Allianz Partners, insured customers will now be covered for trip cancellation and trip interruption in the event of pandemic and epidemic illness, including COVID-19.
The insurance package provided by Allianz Partners will also include the benefits that Revolut customers have come to enjoy over the past few years, such as protection for overseas medical emergencies, trip cancellation, trip interruption, lost or delayed baggage, and winter sports cover. Customers will also benefit from a 24/7 Medical assistance hotline and a range of additional benefits provided by Allianz Partners. The Premium plan will now provide cover for children or dependents up to the age of 17 and Metal will include extended travel liability cover and car hire excess.
Balazs Gati, Global Head of Insurance at Revolut, commented: “Offering Travel insurance with Allianz Partners will give a significant boost to Revolut customers’ confidence. Our financial superapp offers a wide range of innovative in-app services in addition to those associated with banking and finance, with insurance a valuable asset in our product portfolio.
Revolut and Allianz Partners have the same mission: to ensure the health and well-being of customers when they travel, as healthcare access and costs should not be a limitation to getting the medical support they need. With this partnership, Revolut clients will receive a broader insurance plan with additional protection, together with all the great features they have come to love.”
Genoveva Perez Lijo, Head of Global Client Segments at Allianz Partners, said: “Allianz Partners is proud to support Revolut and its customers with comprehensive travel protection services and expanded coverage for peace of mind and convenience. This partnership attests to our strong capabilities to develop a global insurance program that covers numerous countries with the same level of protection and quality of service. We are committed to accompany our fintech and digital bank partners with innovative protection solutions that combine high-tech with the human touch as we aim to be partners of choice for new banks and fintechs.”