Zurich Insurance debuted a new travel insurance program for Canadians traveling abroad. The property/casualty arm of Ping An Insurance Group in China is rolling out a credit-based smart auto claim product nationally.
Zurich Insurance is launching Zurich Travel Insurance, a new travel protection program for Canadians traveling abroad.
Coverages are available for emergency medical and dental care, trip cancellation and interruption, baggage loss and damage, flight and travel accident, and 24/7 travel assistance services.
The coverage, by way of Zurich Canada, will be offered through distributors to the travel industry, such as airlines, hotel chains, online travel agents and cruise lines, in both Canada and the United States. Those distributors will integrate Zurich’s offering to enhance the experience of Canadian travelers.
In addition to the medical, trip cancellation and baggage coverages, the new proposition includes access to Zurich Travel Assist, a 24/7 travel assistance service administered by Toronto-based Zurich subsidiary World Travel Protection.
Ping An Insurance Group in China said its property/casualty arm is rolling out a credit-based smart auto claim product nationwide. The goal: to make it easier for car owners to make claims and encourage good driving habits.
The credit-based system will go online across the country, having completed testing in Guangdong Province last month. Drivers can make claims through their mobile phone and receive compensation deducted from a dynamic credit quota, which is related to their driving behavior and history.
Customers must report the case to the insurer, upload relevant photos for an AI-assisted assessment and confirm the compensation online. Car owners can check their credit quota via a mobile application developed by Ping An, and the quota will change dynamically based on big data like the user’s driving habits. Good drivers with safe driving habits will earn larger quotas, while those who commit transgressions such as fraud will see their credit quota canceled.
Source: Zurich, Ping An Insurance Group