Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Revolut and Chubb Team Up to Provide Insurance Options to Fintech’s customers
AltFi | Aisling Finn | Jan 20, 2021
The new partnership will cover payment protection, refund protection and ticket cancellation.
Insurance giant Chubb has teamed up with digital banking provider Revolut to offer a broader range of insurance to Revolut’s customers.
Chubb will offer Revolut customers insurance products like purchase protection, refund protection and ticket cancellation when a Revolut card is used.
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The new policy also covers when a customer has a confirmed Covid-19 diagnosis and can’t use event tickets purchased using their Revolut account.
Felix Jamestin, head of Premium Product at Revolut, said: "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."
The newest insurance addition is just the latest to be added to Revolut’s ‘super app’ as it bundles in feature after feature to make its service ever-more valuable to customers.
Chubb and Revolut will roll the new insurance out across 22 different countries—Revolut operates in 37 different countries and it is not yet clear which lucky countries have made the list.
See: Here is why InsurTech is heating up as an investment category
Goulven Thépot, regional head of Underwriting, Accident and Health in Continental Europe, added:
"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."
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