A surge in demand for cruise travel has created opportunities for tailored travel insurance products in the market.
Australia is seeing a rise in cruising, which currently is around 10% of all international travel bookings in the country, more so with the younger generation who are increasingly preferring cruises as their holiday option.
The surge in demand in the cruise sector has opened up huge opportunities for specialised travel insurance solutions that provide comprehensive coverage tailored to the specific needs of cruise travel. Allianz Partners has responded to this demand by offering an all-encompassing insurance product that is designed to meet the evolving needs of modern cruise passengers. The launch of the cruise travel insurance product in collaboration with Norwegian Cruise Line marks a significant step for Allianz Partners as it strengthens its position in the cruise insurance market. Allianz Partners has integrated a travel insurance product directly into the cruise booking process, that makes it easier for Australian travellers to secure the protection they need.
The travel insurance includes: medical coverage while at sea, emergency evacuation services, compensation for cabin confinement, and formal wear protection for events and dinners held on board. These benefits, which were previously available only as optional add-ons, are now integrated into the base policy, ensuring comprehensive coverage without additional complications.
With onboard medical care and evacuation coverage, travellers can rest assured that they are protected in case of illness or an emergency while on board. The cabin confinement benefit compensates passengers who may be unable to leave their cabins due to illness, ensuring that they are not financially burdened during their confinement. Additionally, formal wear coverage is offered to safeguard attire for special events, which are a staple of many cruises. By incorporating these crucial benefits into the core insurance package, Allianz Partners makes it easier for passengers to get the coverage they need without the hassle of managing multiple policies.