Australia grants new travel insurance licence to Europ Assistance
The move enables the company to directly underwrite policies while deepening its operational control and expansion in the Australian travel insurance market
Europ Assistance Australia (EAA) has secured a general insurance licence from the Australian Prudential Regulation Authority (APRA), enabling it to underwrite travel insurance products in Australia under its own licence.
The approval follows a due diligence process and represents a step forward in EAA’s longer-term presence in the market. Since entering Australia and New Zealand in 2022 through the acquisition of InsureandGo and Tick, the company has expanded its regional footprint, opening offices in Brisbane and Auckland alongside its Sydney headquarters, and forming a strategic partnership with Flight Centre Travel Group.
Justin Sebire, CEO of Europ Assistance in Australia and New Zealand, said: “Our mission has always been simple and care focused – to bring travellers from distress to relief, anytime. Securing our own licence in Australia strengthens our ability to deliver on that promise with even greater speed, care, and accountability.”
Hassen Bennour, CEO for Asia Pacific, added: “Australia is a strategic market for us, and we are investing to bring the full strength of our global capabilities to local travellers. This milestone reinforces our ambition to grow sustainably and to continue delivering trusted, end-to-end care to our Australian and New Zealander partners and travellers.”
Francois de Meneval, independent Chair, added that the licence would enable products to be aligned with evolving traveller needs.
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