Birmingham insurance firm acquires digital travel startup
It is an all-Magic Town offer: A Birmingham-primarily based insurance disruptor has obtained a digital travel reserving firm also dependent in the space.
Insured Nomads, which presents health insurance policy to distant personnel, expatriates and vacationers, has announced the acquisition of Peanut for an undisclosed sum.
Peanut presents a Chrome extension with vacation data for buyers, such as overall health dangers, weather steerage, entry prerequisites, resort history, flight hold off challenges and insurance coverage demands for destinations.
The COVID-19 pandemic, with vacation constraints and needs, illustrated the challenges of modern day international vacation. For illustration, extra than 20 nations involve insurance policy policies to enter, according to Insured Nomads. Peanut delivers tourists with prices from insurance plan options for pretty much any state in the globe.
“At Insured Nomads, we aid tourists move all around the planet as safely and well as doable, and that commences with booking,” Insured Nomads CEO Andrew Jernigan explained in a assertion. “We acquired Peanut mainly because it is match-altering traveltech. Offering this style of vital vacation facts has just hardly ever been accomplished before.”
Getting its identify from the packets air tourists receive on planes, Peanut presents current details on places, and was formulated by a group of alumni from Facebook, LinkedIn and Google.
“Having entry to the ideal data and journey products and solutions, these kinds of as insurance policies, is important to discovering the environment or operating remotely nowadays,” Peanut CEO Brady Simpson explained. “That’s why we designed the tool for the duration of Covid-19.”