AIG Launches Canada’s First On Demand Travel Insurance
Travel Guard Group Canada, an AIG company, launched a travel insurance app to allow Canadian customers (except Quebec residents) to purchase coverage in blocks of time through their iPhone. The app is powered by Jauntin.
Customers (ages 16-55) can now conveniently optimize travel insurance in a cost-effective way through hourly coverage. GPS technology enables travelers to utilize the coverage from the moment they leave their home province until they return as the app tracks the number of hours used.
“We’re always looking for new ways to keep pace with our travelers and by offering this innovative, fast and easy way to purchase travel insurance, our travelers can get more convenient coverage for when and how they want to use it. The app enables consumers to gain protection in only 90 seconds after filling out the four fields required. To add further convenience, consumers can activate the purchased insurance by swiping the app button “on” at the start of their trip and “off” at the end of it, or use the app to pre-set the desired departure and return dates for an upcoming trip” – AIG Canada’s Chief Operating Officer, Marc Lipman.
The app offers a convenient, user-friendly way to purchase select Travel Guard products and services that are offered as specific blocks of insurance coverage up to 90 days, for use within 365 days from the date of purchase. When the app’s geolocation feature senses that the customer has arrived at an airport or a border crossing into the United States, a notification is sent to the customer’s iPhone to ask whether he or she wants to activate the purchased insurance. Then, for each hour the coverage is activated, the app automatically subtracts that time from the block of coverage purchased.
Recall flexible insurance players here.