Pattern Insurance inks payment platform partnership

Embedded insurance insurtech Pattern has teamed up with payment platform WeTravel to help travellers insure their international trips at the point of booking.

The partnership will see travel cover integrated into the booking experience, with travellers able to select insurance as an add-on when making a booking.

Meitav Harpaz, chief executive at Pattern, said: “As travel costs continue to rise, it’s more important than ever for travellers to protect their booking from circumstances out of their control.

“Pattern’s new partnership with WeTravel enables travellers to easily access the right type of insurance for their trip, making for a seamless and worry-free booking experience.”

Pattern and WeTravel’s partnership aims to increase the number of travellers opting into travel insurance by making it easy to combine bookings with insurance at the point of travel booking payment.

‘Step forward’

According to research from TescoBank released in August 2023, 31% of holiday makers admitted they travelled without travel insurance and nearly 49% of younger holiday makers aged 18 to 34 years old said they had travelled without insurance previously.

Ted Clements, chief executive of WeTravel noted that the “partnership is a step-forward in scaling the availability and accessibility of travel-specific insurance for all adventures”.

Clements added: “With hundreds of products in one platform, we’ve built WeTravel to support multi-day and group travel businesses – and their travellers.

“When we think about strategic insurance partnerships, we know the benefit of having insurance available to add-on at the time of booking not only provides peace of mind for the operator, but the traveller.

”With thousands of clients and nearly a million travellers booking through these clients, to bring international insurance at this scale is incredibly valuable to all stakeholders.”