Fill cover gaps

The Challenge

Educate your customers

Travel Insurance benefits are complex and customers don’t read PDS’s – they often buy travel insurance despite having it available in their credit card, or blindly trust the cover without understanding limitations

The Solution

Scan & Protect - Travel

Virgil assesses the card benefit based on planned travel and tailor recommendations including:

Confirm activation criteria

Highlight cover GAP’s
Such as pre-existing medical or specific activities

Recommend travel insurance
including:

- GAP cover to top up existing credit card travel insurance
- Tailored cover to substitute credit card cover criteria not met

Overview

Travel Insurance per year

Travel Insurance

$91 billion in Premium

5.250m policies - 86% leisure

9.84 million trips

9 in 10 Aussies travel insured

$282 Average premium

Frequency of travel 53.30%
Penetration 85.20%
Policies with special cover 25.50%, pre-existing ~ 7%

Full Cover

6 million^# outbound travellers without Credit Card insurance

$550 million available market

Gap Cover

4 million^# outbound travellers with credit card insurance

$150 million in Gap Premium

# Source Finaccord 2016, 2020
# Survey of Australians’ Travel Insurance Behaviour -2017 – Quantum

Educate, Assess & Activate

Add protection, Store & Service

Get in touch to demo

We integrate seamlessly into your existing applications.

Contact us

How can Virgil Assist your customers?

Contact us to see how Virgil can integrate with your business.

help@virgilassist.com

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