Just Travel Cover, the leisure Travel Insurance specialists and insurance product and service provider, has acquired the travel insurance and scheme specialist business Alpha Underwriting from CPP Secure Limited.
The deal sees Just Travel Cover grow its broker network and provide Alpha’s general insurance brokers with access to its unique panel of insurance products, meaning they can compare multiple schemes from leading insurers in one place, without the need to re-key, and offer worldwide travel insurance with no age limit, cover for hundreds of pre-existing medical conditions, cruises, winter sports and other activities.
After significant investment in technology and systems, north-east based Just Travel Cover, which has more than twenty years in the industry, will also provide its new broker partners with a 360-degree digital ecosystem that includes back-office access, a branded B2C web engine, GDPR compliant customer accounts and document centre and instant access to the world’s first parametric insurance policy, Smart Luggage.
The acquisition builds on Just Travel Cover’s strategic partnership with CPP Secure Limited, after the two collaborated on the award-winning and innovative ‘Smart Luggage’ lost luggage product, which sees consumers able to claim £50, paid straight into their bank account, if checked luggage is delayed, and a further £500 if it is deemed lost as a result of an airline or airport’s mishandling of it.
Daley Gore, Director at Just Travel Cover, said: “This is an exciting acquisition for Just Travel Cover as we continue to grow our wholesale division as part of our wider company growth strategy. We’re looking forward to welcoming these new brokers on board and providing access to our suite of Travel Insurance products - just in time for the post-Covid travel boom. The acquisition presents a great opportunity to help these brokers grow too, with full training and support on our portal which provides them with a range of products to cover all ages and risks in one place, as well as the award-winning parametric product for delayed / lost luggage to help them stand out from the crowd”.
Carl Carter, CPP Secure CEO and CCO for Blink Parametric commented: “We are delighted to take our strategic partnership with Just Travel Cover to the next level, following the success of the development and launch of our award-winning parametric lost luggage travel insurance and real-time assistance product. This deal will see Just Travel Cover gain the capability to deliver this innovative and valuable solution to a large group of brokers ‘at the flick of a switch’, and offer those who have existing access to the portal, access to a wider variety of travel insurance products that Just Travel Cover provide. Over the coming weeks we will be supporting a smooth transition to Just Travel Cover and continuing to move our own focus at CPP Secure towards our range of parametric travel insurance solutions to meet global demand in support of our sister company Blink Parametric.”