2023 Roundup: The Twists and Turns of Embedded Insurance in Travel

Table of Contents

Drive Safe, Fly Secure: Embedded Insurance Escapade The travel and mobility sectors are roaring back to life now that the pandemic is in the rearview mirror. In the ever-evolving world of travel and mobility—a sector where getting from point A to B isn’t just about the ride—it’s about the experience, safety, and, yes, peace of mind. In 2023, travel wasn’t just about moving around—it was about the freedom to explore without the baggage of worry, thanks to embedded insurance fitting snugly into our plans. And mobility? Think of it as all the cool ways we zip around locally – cars, scooters, or those nifty e-bikes. Capgemini forecasts a surge in the global mobility insurance market, projecting its value to double from $0.65T in 2023 to $1.38T in 2030. Unlike traditional insurance policies, embedded insurance offers a personalised and real-time approach to coverage, addressing the diverse and complex risks that exist in the sector. For consumers, this means an improved buying experience, tailored solutions, convenience, and accessibility. Travel and mobility platforms have been greatly benefiting by teaming up with insurance providers. They can share platform data for tasks like underwriting, risk analysis, pricing, and managing exposure. The collaboration not only opens […]

This post is only available to members.

Already a subscriber? Log in to Access

Unlock this blog

Gain exclusive access to this blog alone.

Radar Subscription

Select a membership plan that resonates with your
goals and aspirations.

Not Ready to Subscribe?

Experience a taste of our expert research with a complimentary guest account.

We publish new research regularly. Subscribe to stay updated.
No spam. Only the best in class fintech analysis.

    Related Posts
    Infographic design depicting the various partnerships between players leveraging open banking for applications in identity and income verification, as well as fraud and risk management.
    Complimentary Research

    From Data Streams to Enriched Data Fountains Remember the early days of plumbing? Water flowed freely, but its quality was...

    Infographic design showcasing the many players driving the diverse open banking use cases in North America across the segments of A2A Payments, Credit Decisioning, Identity and Fraud, as well as Tech Partnerships.
    Complimentary Research

    North America’s Open Sesame: Use Cases Bloom Open banking has garnered significant attention in recent years, and at Whitesight, we’ve...

    Infographic design depicting table of the profitable digital banks of 2023, the type of profitability they achieved, as well as the duration it took them to achieve it.
    Complimentary Research

    Profitability Unlocked: Licences, Service, and Survival The rise of digital banks has sparked a paradigm shift in how we perceive...

    Infographic design showcasing the gambling and gaming industry players leveraging open banking via principles of data sharing and payments for responsible gambling.
    Complimentary Research

    High stakes in the gambling sector The online gambling industry is booming, with a projected market size of $107.3B by...

    Infographic design of the various financial players leveraging open banking to transform traditional lending.
    Complimentary Research

    Open Banking-led Transformation of Traditional Lending In 2023, a wave of innovation swept through the lending industry, thanks to several...

    Infographic image of timeline of the top 20 events in open banking from 2023
    Complimentary Research

    Unmasking Open Banking’s Game Changers in 2023 2023 has been a pivotal year in the world of open banking, marked...

    Select currency