Pattern Insurance was founded in 2020 and specialises in custom embedded insurance products. WeTravel was founded in 2016 and provides travel companies with software solutions which help them handle bookings and payments. They are used by over 500,000 travellers globally.
Through the partnership, holidaymakers will be able to insure international trips at the point of purchase. This should increase the number of travellers who opt into travel insurance. Tesco Bank research in 2023 found that 31% trips were uninsured.
Meitav Harpaz, CEO of Pattern commented: “As travel costs continue to rise, it’s more important than ever for travellers to protect their booking from circumstances out of their control. Pattern’s new partnership with WeTravel enables travellers to easily access the right type of insurance for their trip, making for a seamless and worry-free booking experience.”
Ted Clements, CEO of WeTravel, said: “With hundreds of products in one platform, we’ve built WeTravel to support multi-day and group travel businesses – and their travellers. When we think about strategic insurance partnerships, we know the benefit of having insurance available to add-on at the time of booking not only provides peace of mind for the operator, but the traveller.”
“With thousands of clients and nearly a million travellers booking through these clients, to bring international insurance at this scale is incredibly valuable to all stakeholders. This partnership is a step-forward in scaling the availability and accessibility of travel-specific insurance for all adventures,” he added.
