Arch Insurance, a speciality insurance solution provider, has selected insurtech company bolt to expand its travel insurance plan.
By using the bolt platform, Arch Insurance plans to expand access to its Annual Multi-Trip Travel Insurance plan to travellers via agents. Arch says its addition to the over 100 carriers on bolt’s insurance distribution platform reinforces its commitment to delivering more choice and better coverage options to insurance buyers.
This collaboration brings together bolt’s technology and distribution capabilities with Arch Insurance’s expertise in travel coverage, creating a seamless, reliable way for consumers to secure protection for multiple trips in a single policy.
“This partnership helps further our goal of providing a one-stop shop for a worry-free year of protection, including family vacations, planned and spontaneous,” said Nicole Sivieri, SVP, insurance capital solutions at bolt. “Our technology allows us to provide a seamless insurance purchasing process, and we look forward to scaling these capabilities to distribution partners by providing access to Arch’s Annual Multi-Trip Travel Insurance plans.”
Arch’s Annual Multi-Trip Travel Insurance plan covers a wide range of travel disruptions and emergencies, including trip cancellation and interruption, emergency medical and evacuation, baggage loss or delay, and travel delays and missed connections.
Making travel coverage more convenient
Consumers purchase the Annual Multi-Trip Travel Insurance plan once per year, making it ideal for frequent flyers, digital nomads, and travel enthusiasts.
“We’re excited to work with bolt and extend the reach of our annual travel insurance solution,” added Jim Villa, SVP, accident and health at Arch Insurance. “This collaboration combines Arch’s strong underwriting and technology integration capabilities with bolt’s innovative delivery model, giving customers easy access to dependable coverage for every trip they take.”
With $60billion in quoted premiums annually, bolt enables insurance product distribution across all 50 states. bolt’s custom travel insurance solutions are designed to enhance customer connectivity and provide comprehensive coverage that addresses the unique needs of roaming customers. Its flexible integration options also ensure easy access for customers, while simplifying the implementation process.
