8.6 C
New York
Sunday, February 5, 2023
Home Challanger banks Chubb and Revolut announce partnership deal

Chubb and Revolut announce partnership deal

Provider of insurance services Chubb has partnered with unicorn challenger Revolut to offer a broader range of their services to Revolut’s customers.

This partnership will give Revolut customers access to a range of coverage, this will include purchase protection, refund protection and ticket cancellation in places where the Revolut account is used.

Read also: Monzo Bank founder Tom Blomfield is leaving the company

The insurance options are going to be rolled out in about 22 countries and among other features will also allow for coverage where a customer has been confirmed positive for COVID-19 and is now unable to use tickets they had bought with their Revolut account.

However, Revolut operates in 37 countries and it has not been revealed yet which countries have made the list.

“We are delighted with our new digital partnership with Revolut. We strive to build long-term, successful relationships with our insurance partners that deliver value for the partner and their clients. For us Revolut is a good example of digital innovation that aligns with our own ambitions,” said Florian Eisele, Director of Accident and Health, Continental Europe.

“Our new partnership with Revolut marks a significant step for Chubb as we continue to drive relationships in the digital space. We are looking forward to working with the Revolut team to deliver valuable insurance solutions to their customers,” said Goulven Thépot, Regional Head of Underwriting, Accident and Health, Continental Europe.

“We’re always looking to provide the best value possible to our customers and help them get more from their money. We’re constantly improving our paid plans and are delighted to partner with Chubb to add purchase protection, refund protection and ticket cancellation for our customers,” said Felix Jamestin, Head of Premium Product at Revolut.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Partnership between Credits and Unlimint

Credits is a digital neobank that combines many financial services into one application, focusing on providing financial services for the cryptocurrency space.

UK Neobank Zopa Raises £75 Million in All-Equity Investment

The company has 850,000 customers across its different businesses and is on track to be profitable for the full year in 2023, the first time since its founding 17 years ago.

UK SMEs Lean on Business Finance and Credit for Growth and Sustainability

As interest rates remain high, borrowing will continue to play a significant role in helping these businesses achieve their goals.

UK FinTech Funding: A Resilient Performance Amid Global Decrease

Despite the decline in funding for UK fintechs, there are still investment opportunities available.