As part of the collaboration, the partners intend to roll out new parametric assistance solutions in the Latin American market in the coming years.
The arrangement will exploit Continental’s extensive distribution networks in the region and knowledge of the travel insurance industry, as well as baoba’s parametric insurance technology.
“Our partnership with baoba is more than just another collaboration – it’s a substantial leap forward in our ongoing innovation journey,” said Eli Soued, CEO of Continental Assist. “Our vision is to immerse deeper into the world of parametrics and innovation jointly with baoba. Their state-of-the-art technological capabilities, merged with our extensive industry know-how, are set to transform the traveller experience on a global scale.”