Cover-More committed to growth in India
Travel insurance provider Cover-More has committed to ‘driving growth and differentiation’ of travel insurance within the Indian economy through its TrawellTag Cover-More business in India.
Following her trip to Mumbai, Asia Pacific Cover-More CEO Judith Crompton noted that travel insurance uptake in India was almost ‘double that of more mature markets’: “Cover-More remains very positive about the outlook for travel in India, especially international travel; and in recent years, we have also seen significant growth in the number of outbound travellers understanding the importance of quality travel insurance.”
TrawellTag Cover-More claimed that its combined status with Zurich Insurance Group, which it became part of in 2017, made it the ‘third largest travel insurance business in the world’, as well as one of the top players in India.
Dev Karvat, Founder and CEO, TrawellTag Cover-More, India & Emerging Markets, said: “In recent years, we have also become the partner of choice for airlines and leading online travel agencies including GoAir, IndiGo and Goibibo, which underlines the strength of our integrated travel insurance offer and our ability to deliver differentiated solutions for our distribution partners.” He added: “The next step for us is a deeper dive into the e-commerce sector with enhanced technological know-how and support from Cover-More, and then aligning that with the changing business scenarios in India.”