Revo Insurance is expanding its offerings in the hospitality sector with a launch Alarm Rest in peaceparametric solution to protect travelers’ vacations from bad weather
The policy guarantees accommodation and online travel agencies (OTAs) the opportunity to provide their customers with insurance against adverse weather events and thus receive compensation for non-material damage. and any expenses incurred.
The solution, the company explains in a note, “is completely configurable according to the specific insurance needs of its customers.” An example of this is the configuration that Revo created for BeSafe, a professional insurtech player that provides digital services for residential buildings and the company’s partners, which provides payment the function of 50% of the insurance amount for each day of rain more than 5 millimeters. This charge is automatically triggered when Radarmeteoan independent subject that operates verbally, recording rainfall events past a specified threshold.
“With this solution, Revo expands its offer in the hospitality sector, which now responds to the needs of tourists, while protecting hotel operators, operators tourism and visitors and owners of beach companies – he said. Roberta Spadoni, CEO of Parametric Insurance Solutions – Bad weather is a big concern for those trips that are planned between June and November. A fear that is often true, as recent weather reports have shown, which has seen Northern Italy hit by heavy rains like it has not seen in 170 years.”
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