The global financial super-app with over 18 million customers worldwide, has announced a new feature for Premium and Metal users.
Partnership between Revolut and Allianz
Revolut, the global financial super-app with over 18 million customers worldwide, has chosen Allianz Partners, a leading B2B2C insurance and assistance services company, as its new global travel insurance provider. Starting in April 2022, Allianz Partners will provide its travel insurance services to Revolut customers who hold a Premium or Metal account, initially in 31 markets in the European Economic Area and the UK.
New and existing Revolut Premium and Metal account holders will have access to a range of insurance benefits directly from the Revolut app. Revolut’s travel insurance package is another example of the fintech’s ongoing efforts to meet and support the needs of its customers.
Even when those needs change over time: thanks to the new partnership with Allianz Partners, insured customers will be covered for travel cancellation and trip interruption in the event of a pandemic and epidemic-related illness, including COVID-19.
New benefits for customers
The insurance package provided by Allianz Partners will also include benefits that Revolut customers have enjoyed in recent years, such as protection for medical emergencies abroad, trip cancellation, trip interruption, lost or delayed luggage and winter sports coverage.
Customers will also benefit from a 24/7 medical hotline and a range of additional benefits provided by Allianz Partners. The Premium plan will provide cover for children or dependants up to the age of 17 and the Metal plan will include extended cover for travel liability and car hire excess.
Balazs Gati, Global Head of Insurance at Revolut, comments:
“Offering travel insurance with Allianz Partners will give a significant boost to confidence from Revolut customers. Our financial super app offers a wide range of innovative in-app services in addition to those associated with banking and finance, and insurance is a valuable asset in our product portfolio.
Revolut and Allianz Partners have the same mission: to ensure the health and well-being of customers when they travel, as access to and cost of healthcare should not be a limitation to getting the medical support they need. With this partnership, Revolut customers will receive a broader insurance plan with additional protection, along with all the great features they already love”.
Genoveva Perez Lijo, Head of Global Client Segments at Allianz Partners, adds:
“Allianz Partners is proud to support Revolut and its clients with comprehensive travel protection services and extended coverage for peace of mind and convenience. This partnership attests to our strong capabilities in developing a global insurance programme that covers many countries with the same level of protection and quality of service. We are committed to supporting our fintech and digital banking partners with innovative protection solutions that combine high technology and human touch as we aim to be the preferred partner for new banks and fintechs.”
More information on the travel protection offered in the Premium and Metal plans, including full terms and conditions and exclusions, is available here.
About Allianz Partners
Allianz Partners is a global leader in B2B2C insurance and assistance, offering comprehensive solutions spanning international health & life, travel insurance, automotive and assistance. Customer-driven, our experts are redefining future-ready insurance services through innovative, high-tech, high-touch products and solutions that go beyond traditional insurance. Our products can be integrated into the offerings of our Business Partners or sold directly to end customers, through our four commercial brands: Allianz Assistance, Allianz Automotive, Allianz Travel and Allianz Care. Present in 75 countries, our 19,400 employees speak 70 languages and handle more than 58 million cases each year, motivated to go above and beyond to offer peace of mind to customers around the world.
Revolut is creating the first truly global financial super app, with the goal of helping people get more out of their money. In 2015, Revolut was launched in the UK to offer money transfers and currency exchange. Today, more than 18 million customers worldwide use Revolut’s dozens of innovative products to make over 150 million transactions each month.
Through our personal and corporate accounts, we help customers improve their financial health, give them greater control and connect them easily, all over the world.