8.6 C
New York
Tuesday, March 2, 2021
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.

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

Recent posts

N26 and Raisin partner on EasyFlex savings accounts

Cross-border savings and investments marketplace Raisin and the german digital bank N26 combine their strenghts to deliver top interest rates.

Starling Bank aims to hold 18% of the SME market

The digital bank Starling announced a plan in which it is going to hold 18% of the SME banking market in five years, Insider reported.

TransferWise gets rebranded as ‘Wise’

The rebranded company Wise drops the part Transfer as a signal of moving on from the money-transfer focus of the company.

Revolut about to increase fees and cut number of free trades

Revolut introduced additional fees on its free plan and trading on the Revolut platform will also become more expensive.