Cover Genius partners with Ryanair to offer travel insurance
Insurtech developer Cover Genius has partnered with airline Ryanair to offer its customers comprehensive travel protection, integrated directly into the booking flow
By integrating with XCover, Cover Genius’ global distribution platform, Ryanair customers will have the option to purchase a selection of protection products tailored to their itinerary.
This partnership follows a survey, conducted by Momentive.ai and commissioned by Cover Genius, of 4,638 travellers from the UK, the Netherlands, Germany, Spain, Sweden, France, Italy, Russia, and the UAE.
Findings showed that the majority of travellers (42 per cent) would prefer to purchase embedded travel protection directly from travel providers and agents with the primary driver being convenience. In fact, of the travellers who previously purchased travel protection from a travel provider, 71 per cent would do so again.
Addressing a gap in travel protection
“With data revealing that travellers are dissatisfied with current pandemic-related coverages and claims, we are excited to help Ryanair address the current gaps that exist with travel protection,” said Peter Smith, Vice President of Strategic Partnerships, Travel at Cover Genius.
Ryanair’s Director of Ancillary Revenue, Greg O’Gorman, added: “We are delighted to partner with Cover Genius to offer our growing network of customers an even more convenient and comprehensive suite of travel insurance options.”
This comes after Cover Genius boosted its current market valuation to AU$1 billion, after a successful round of fundraising.