Specialty (re)insurer SiriusPoint has partnered with insurtech startup Gigasure to offer personalised travel insurance, with SiriusPoint underwriting the policies and its subsidiary, International Medical Group (IMG), handling claims and assistance services.
According to the firms, Gigasure offers an alternative to standard ‘off the shelf’ policies, allowing customers to tailor insurance coverage to their needs and budget, with the option to add travel delay benefits via the Gigasure app, developed in partnership with Blink Parametric for real-time claim support.
Commenting on the move, Chris Price, head of travel in the Accident and Health team at SiriusPoint, says: “With the ability for policyholders to customise their cover on the go and to obtain real-time flight and baggage delay support through the use of parametric products, we believe that Gigasure has a truly unique offering.”
Meanwhile, Ernesto Suarez, CEO of Gigasure, states: “In an uncertain world where people are looking for security and reassurance, our personalised insurance offers exactly that.
"To do this, we needed to find an underwriting partner that understands our vision to be the most customer-centric insurance provider in the world. Together with the SiriusPoint team, we can achieve this goal.”
