Starr Insurance to support Collinson SmartDelay+
Starr Insurance will support the expansion of Collinson’s SmartDelay+ parametric insurance product into the US market
Starr will underwrite SmartDelay+, providing insurance capacity in the US, and will also distribute the product to its own customers in the country.
Launched in 2017 as SmartDelay, the product is now used in 35 countries, and has been used by more than six million customers. It offers a range of compensation options in the event of travel disruption, including airport lounge access and instant cash payouts.
“Starr is a key player in the US insurance market and we are excited to work with them to distribute our SmartDelay+ proposition across the US to provide an immediate benefit when the customer needs it most,” said Lawrence Watts, CEO for Insurance at Collinson.
Michael Grossman, Vice President for A&H at Starr Insurance, added: “We know travel conveniences are growing in importance for our customers. Starr has teamed up with Collinson to help mitigate the stressful experience of delayed flights.”
Trawick International launched three new travel insurance policies in October of last year, created in partnership with Starr Insurance.