Major challenger adds new insurer

Major challenger adds new insurer | Insurance Business

Major challenger adds new insurer
A leading comparison site has announced that it has added another insurer to its platform taking its tally up to 24.

Comparetravelinsurance.com.au have added No Worries Insurance to its list of insurers that also includes AIG, Budget Direct and 1Cover, it has been announced.

Backed by Lloyd’s, No Worries policies are provided by NWC Insurance with a focus on the adventure sports market, as the company was launched by an ex-JLT executive last year.

Tony Venning, who worked for JLT in Australia and London for over thirty years and is now managing director of No Worries, said that the move to Comparetravelinsurance.com.au will provide customers with greater choice for a difficult to cover market.

“We’re really pleased that Australians can now compare our full range of travel insurance products on comparetravelinsurance.com.au,” Venning said.

“We believe in living life to the fullest and our policies are designed to let our customers make most the most of their travels - with no worries. Our travel insurance provides our customers with great cover – all day, every day. That’s why we include a huge range of activities as standard such as winter sports and cycle touring.

“We’re confident that this partnership will give Aussies greater access to the type of cover they deserve.”

Natalie Ball, director of comparetravelinsurance.com.au, said that the addition of No Worries allows the site to offer a wider range of coverage with some unique features.

“We’re thrilled to be partnering with an insurer with unique policy features,” Ball said.

“No Worries Insurance is one of the few insurers to offer Aussie cyclists cover for their bike when travelling abroad. Adding No Worries Insurance to our panel means that our customers have a greater selection of policies to compare, allowing them to find the right cover for their trip.”
5 Comments
  • Broker+ 2015-07-21 1:44:47 AM
    Buying any insurance product by price is fraught with danger as many found when caught out in Bali without Additional Expenses cover to cater for additional hotel costs during the volcanic disruption. My advice : use a broker (what else!)
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  • Paul 2015-07-21 1:56:37 AM
    Hope they include cover for women travelling while pregnant. ANZIIF "know risk" highlights a Canadian couple who had a child born while travelling in the USA. Due to complications they are facing a bill of $1M and bankruptcy. Another case reported on the weekend involved an Australian couple who are facing uninsured losses of $1M following an unexpected delivery of a child in the US. Given that very few travel insurers extend cover to children born while travelling, I trust the comparison sites highlight in very bold print those matters that are not covered. If not they are now on notice that they will be held responsible for misleading and deceptive conduct toward pregnant women. Given the complaints to FOS about travel insurance anyone purchasing cover directly from a comparison site has rocks in their head.
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  • Broker+ 2015-07-21 4:48:36 AM
    Paul Problems right there buddy ! Travel insurance cover accident & illness expenses ; childbirth is neither. Also, to include childbirth could lead to people travelling specifically to cover birthing costs. Not really an option : need to refer back to Health insurers for cover if available.
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