Age Partnership, a UK-based equity release specialist, has announced that it will be launching its own branded multi-trip travel insurance policies – along with home insurance solutions – for customers aged 75 and under.
The bespoke travel insurance product will be offered as a white label solution via Cavere Intermediary, a new general insurance provider that launched in January. Cavere has designed the product and will offer it via a portal on Age Partnership’s website, administering every aspect from end to end, including claims, through its proprietary Magenta platform.
“Cavere Intermediary is positively disrupting the general insurance market,” said Steve Dicks, Head of Insurance at Age Partnership. “Their insurtech approach injects much needed innovation and efficiency into the process and we’re delighted to be launching our direct to consumer offering with them. Being able to offer home and multi-trip travel insurance for those aged up to 75 years old is unusual and important for our customers, when the industry standard is just 65. We’re really excited by the portential to deliver a better customer experience for improved brand loyalty and customer retention.”
Cavere Intermediary offers general insurance products, including travel, personal accident and home insurance, to brokers and other intermediaries. Paul Thompson, the company’s Managing Director, commented: “At a time when customer loyalty is vital, the focus of Cavere is to work in partnership with intermediaries to ensure they drive loyalty by getting right first-time solutions for each customer and their individual needs and risks.”