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How #twobestfriends #leveraged #technology to #turn a #legacyindustry #upsidedown #faye #travelinsurance #travelers ------- https://lnkd.in/ejcgu7wV ------- #Travelinsurance has an #extensivehistory, with James G. Batterson generally attributed to introducing travelers’ insurance to the United States in the 1860s. Needless to say, travel insurance has been around for a long time — but over the years it has gained a somewhat negative reputation in the U.S. of being slow and bogged down by bureaucratic processes. As of 2023, most Americans do not purchase travel insurance for their trip. For many, using travel insurance can be cumbersome and confusing — something that Elad Schaffer, co-founder and CEO of Faye Travel Insurance and Daniel Green, co-founder and CTO of Faye, aim to change. By leveraging a different approach to look after travelers and using the best that technology can offer, these two friends have built a thriving travel platform that combines insurance, care and financial solutions to rapidly turn this legacy industry upside down. How #Faye #came to #be Interestingly, as a business rooted in travel insurance, Faye actually traces its origins to the COVID-19 pandemic — when travel was largely shut down on a global scale. “The pandemic helped a lot of us realize that travel is essential to our well-being,” Schaffer says. “At the same time, though, it really helped put in perspective that a lot of the processes involved in traveling can be complex and stressful. And that is especially true of travel insurance, where policies are often filled with jargon and red tape that make it hard for people to understand and use it effectively.” As a frequent international traveler himself, Schaffer had seen firsthand how beneficial travel insurance could be — but also where the industry as a whole stood in need of significant improvement. As serial entrepreneurs with extensive tech experience, the idea for Green and Schaffer to combine their technology expertise with their passion for travel seemed like a natural fit. In their view, travel insurance has not lived up to its promise for too long — it’s slow, manual, unclear and distant. But even if travel insurance paid claims quickly, was easy to understand and fully digitized, insurance alone would only solve part of the challenges people face when they encounter travel hiccups. They make a compelling argument — when you miss a connecting flight, getting reimbursed for your losses is nice, but doesn’t actually solve your problem. Getting you on the next flight to your destination as soon as possible will. Helping travelers solve their problems — not just paying for losses — is what the duo set their eyes on. How #Faye #leverages #technology “Technology is at the core of everything we do at Faye,” Green says.

Group travel insurance and individual travel insurance are both types of coverage designed to protect travelers against unexpected events during their trips, such as medical emergencies, trip cancellations, lost luggage, or travel delays. Group travel insurance typically covers a group of travelers who are traveling together for the same trip, such as a family vacation, corporate trip, or tour group. It often provides coverage for the entire group under one policy, making it convenient and sometimes more cost-effective than individual policies. Group travel insurance may also offer additional benefits tailored to group travel, such as coverage for group activities or special events. On the other hand, individual travel insurance provides coverage for a single traveler for a specific trip. It offers personalized coverage based on the individual traveler's needs and preferences. Individual travel insurance allows travelers to tailor their coverage to suit their unique circumstances, such as pre-existing medical conditions or specific travel plans. While it may be more flexible, individual travel insurance can be more expensive than group policies, especially for older travelers or those with pre-existing conditions. In summary, the main differences between group and individual travel insurance lie in the coverage scope, cost, and flexibility. Group travel insurance covers a group of travelers under one policy, while individual travel insurance provides personalized coverage for a single traveler. Group insurance may offer cost savings and convenience for group trips, while individual insurance allows for more customization and flexibility.

Travel agents can be invaluable resources when it comes to planning your trips. Here are several ways they can streamline your travel plans and help you save money: ➡️ Expert Knowledge Travel agents have extensive knowledge of destinations, accommodations, and activities, allowing them to recommend the best options tailored to your preferences. ➡️ Time Efficiency We handle all the research and booking processes, saving you hours of searching for flights, hotels, and activities. ➡️ Access to Exclusive Deals Many travel agents have access to special rates, discounts, and package deals that are not available to the general public. ➡️ Support with Changes If your plans change, a travel agent can assist with rescheduling or finding alternatives quickly, often with less hassle than if you were managing it yourself. ➡️ Travel Insurance Guidance We can help you understand travel insurance options and recommend the best coverage for your trip, protecting you against unexpected issues. ➡️ Budget Management Agents can work within your budget, suggesting cost-effective alternatives and helping you avoid overspending. Therefore, whether you're planning a simple getaway or a complex itinerary, our support can make all the difference and package deals that are not available to the general public. ➡️ Support with Changes If your plans change, a travel agent can assist with rescheduling or finding alternatives quickly, often with less hassle than if you were managing it yourself. ➡️ Travel Insurance Guidance We can help you understand travel insurance options and recommend the best coverage for your trip, protecting you against unexpected issues. ➡️ Budget Management Agents can work within your budget, suggesting cost-effective alternatives and helping you avoid overspending. Therefore, whether you're planning a simple getaway or a complex itinerary, our support can make all the difference. For your travel and tour needs, Kindly call us today Call/SMS/WhatsApp +2348037751726

My honest, unfiltered thoughts about protecting your travel investment: it's a non-negotiable. Many clients come to me asking for help navigating the travel insurance market. After seven years in this industry, I've seen my fair share of crazy travel stories! While the majority of my clients purchase some sort of protection for their travel investment, and thankfully don't have to utilize it, when the unknown arises, insurance saves the day! First, in travel insurance, there is no one-size-fits-all policy. Let's take a look at a few of my best selling policies and who they work well for: 1. A supplier's policy that is cancel for any reason for future travel credits: this is a great policy for the young traveler who has plenty of time and opportunity to travel, but likes flexibility with no claim hoops to jump through. 2. A classic covered reasons policy for that large travel investment. Great for families (kids 18 and under are free) as well as those with pre-existing medical conditions! 3. A cancel for work-related policy: perfect for the business owner, medical professional, or first responder. This policy adds that extra layer of protection when duty calls. 4. During travel only: this policy is great for clients who have no intention of canceling or interrupting travel, but want to have the minimum protection for delays, baggage, and medical protection abroad. This policy won't protect your investment due to cancellation, but can be a fabulous value for emergencies if they arise! Just yesterday, I helped two sets of clients help file claims. They purchased a covered reasons policy, and with the wildfires in Jasper derailing their train journey, their travel investment will be protected. We are hoping to get back around $12k in a travel investment the couples made. While they'd rather be taking their trip instead of canceling, circumstances out of our control lead to the cancellation. And we're grateful for the clients' policies to help us navigate a difficult situation. I'd love to help you navigate all of your many travel insurance options you have and advocate for the policy that fits your travel needs best. Be honest, do you protect your travel protection for EVERY trip? If not, why not?

Let's talk travel insurance! Whether you're a seasoned globetrotter or a first-time traveler, understanding the ins and outs of travel insurance is crucial for protecting yourself and your investment. In our latest blog, we shed light on why travel insurance is important for a worry-free journey! We've partnered with three top-notch travel insurance companies, ensuring you find the perfect match for your needs. Read on to make informed decisions for a seamless and secure travel experience. What's your favorite plan? What policy features are most important for you? https://lnkd.in/gATCXC8C #RoamingHistorian #TravelInsurance #AdventureAwaits #PeaceOfMind #traveltips #WorldNomads #TravelEx #travel

Exploring the Evolving Landscape of Travel Insurance 🌍✈️   Insights from our VP of Travel Insurance, Rhonda Abedsalam, in this article from Insurance Business Review. Rhonda shares her expertise on the changing trends and challenges in the industry.   📈Key takeaways: - The increasing demand for personalized coverage and digital customer service. - The role of AI and data analytics in risk assessment and claim management. - The impact of the pandemic on travel insurance and the rise of COVID-19 specific coverage.   Rhonda concludes this article on how to shape the future of travel insurance: "As the market continues to evolve, travel insurance will remain a vital component of the travel experience, providing flexibility and support to travelers worldwide."   At AXA, we protect what matters when it matters to make travels as safe as possible.   Link to the article ⬇️   #TravelInsurance #DigitalTransformation #CustomerExperience #Travel

Is travel insurance still a must-have in a post-pandemic world? The answer might surprise you. Whether you’re planning a bucket-list adventure or a quick getaway, having the right protection could make or break your trip. From unexpected cancellations to those “what if” moments, travel insurance isn’t one-size-fits-all anymore. We’ve broken it all down for you—when it’s worth it, what to look for, and how to avoid the pitfalls. Check out our guide and tell us: Do you always buy travel insurance? Share your thoughts and tips on the site! #SmartTravel #TravelInsurance #TravelTips #ConsumerRights #TravelSafely #PostPandemicTravel #TravelPlanning

Recently, David Wallace, Allianz Partners New Zealand, sat down with Diana Clement from New Zealand Media & Entertainment (NZME) and discussed travel insurance for older travellers. The cost for travel insurance for older people isn't off the scale. To put the cost into perspective, one 81-year-old currently travelling for six weeks in Germany paid $1400 for their travel insurance. This premium included an additional premium of $147 to cover Parkinson's disease, which was a declared, assessed and approved pre-existing medical condition. This policy had unlimited medical cover, baggage, cancellation, and all the other regular risks covered by travel insurance. Given what can go wrong on trips, anyone who can't afford travel insurance can't afford to travel. Declaring, being assessed and paying the extra premium for a pre-existing medical condition is well worth it. Falling ill overseas can be a very costly business. The risk of not having travel insurance is too great, says David. An interesting, must read. https://lnkd.in/g3DEW2wB #AllianzPartners #Allianz #Travel #TravelInsurance #Medical

How to Choose the Perfect Travel Insurance Policy: 7 Key Factors to Consider Imagine this: you're excited, counting down the days until your dream vacation in a lively place filled with colourful markets, tasty food, and beautiful scenery. Just before you leave, something unexpected happens—a sudden illness or change of plans. This is where travel insurance helps you handle the situation, turning a potential crisis into a small problem. Travel insurance is important—not just an extra! This guide will help you understand your options and what to look for in a policy. With the right information, you can protect yourself from surprises that might change your trip. You will find helpful tips about travel insurance, including medical emergencies and trip cancellations. So, get informed and start your adventure with confidence, knowing you are well-protected every step of the way! https://lnkd.in/eBZeTmck #TravelContentWriter #ContentCreation #TourismMarketing #HireAWriter #LinkedInWriters #TravelIndustry #RemoteWork #SEOContentWriter #Storytelling #NowHiring