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Expansion, Innovation, and M&A Activity in Travel Insurance

Insurance news Technology / Innovation Research / Market Trends October, 29 2025

VisitorsCoverage and Atlys partner to embed travel insurance into visa applications

29 Oct 2025

VisitorsCoverage has partnered with visa platform Atlys to integrate its Treppy embedded insurance technology into the visa application process, allowing travellers to purchase travel insurance instantly. The integration provides access to medical and trip coverage from top-rated providers without leaving Atlys’s fast, one-minute application flow. The move aims to simplify insurance purchases, addressing the 73% of travellers who abandon coverage due to complexity. Executives from both companies highlighted that the partnership enhances convenience and peace of mind for travellers. The embedded insurance solution is now available to Atlys users globally.

Sompo extends travel insurance service

29 Oct 2025

Sompo Insurance has expanded its travel insurance offering across Asia following a successful launch in Thailand. The Sompo Smart Delay service is now available in Singapore, China, and Malaysia through a partnership with Collinson International, providing travellers access to over 1,800 airport lounges during flight delays. Customers register their flights ahead of time and, in the event of a delay, receive a digital voucher for immediate lounge access or alternatives like spa sessions or dining discounts, with no claims process required. Collinson reported that over 54 million APAC travellers faced flight delays of more than an hour in the first half of 2025.

Allianz leads acquisition battle for NIB Holding's travel insurance unit

23 Oct 2025

Allianz is reportedly the leading contender to acquire NIB Holdings’ travel insurance division, which includes World Nomads, Travel Insurance Direct, and NIB Travel, according to The Australian Financial Review. Previously, Zurich Insurance Group, owner of Cover-More, was seen as the likely buyer, while Hollard has also shown interest. NIB is selling the unit to focus on its core health insurance operations after a 26.7% drop in first-half FY25 operating profit, with losses in New Zealand and rising claims costs. The deal is expected to close early next year and could be valued at up to A$200 million.