London-based PassportCard has partnered with Allianz
Global Assistance Canada to test a new program that may revolutionise travel insurance.
The program, which will have its market debut in Canada, will allow individuals to pay for medical claims and expenses in real-time while travelling.
said the solution would eliminate out-of-pocket expenses for travellers and remove the typical claims process and paperwork.
“Using PassportCard's technology, we can assist travellers more effectively and efficiently, making their life easier in the process,” said Gino Riola, vice president of sales and marketing at Allianz
Global Assistance Canada.
Customers who buy a travel insurance plan included in the program will get a payment card for no additional fee to take with them on their trip.
The card will receive funds from Allianz
Global Assistance when the traveller seeks emergency help. The company will also provide a referral to the nearest medical facility.
The traveller can then proceed to the medical facility for treatment where they present the card to pay the bill.
The new program is being offered through a partnership with PassportCard, a joint venture between Bermuda-based White Mountains Insurance and international medical insurance provider DavidShield.
PassportCard franchises its unique solutions to major travel insurance and medical assistance companies worldwide.