PAYR is implemented through Chubb’s partners in banking, fintech and telecommunications. To use the service, customers need to register through Chubb’s main app, where they can also add the names of other travelers they want to add.
Once the client is detected as roaming, coverage is activated and a text message or pop-up notification in the app informs them that coverage is available. Customers must refuse coverage within four hours of receiving the notice, or confirm if they did not do so before traveling, who should be included to cover.
Clients will be covered when it is determined that they are no longer in roaming or that they are traveling for a maximum of 31 days. Chubb said buyers will receive email or app notifications about the prize money at the end of each trip. If Chubb’s partner is a mobile operator, the cost of insurance will be added to the customer’s next phone bill. If there is a partner bank, the cost will be added to their subsequent bank statements.
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In June 2020, Bulgaria’s leading mobile operator Telenor Telenor became the first telecommunications company to offer PAYR travel insurance, called “Smart Tourist” by Bulgaria.
“Chubb’s Travel Payment Insurance is specifically designed to make life easier for customers and provide a reliable offer for our business partners,” said Ruben, Chubb’s Head of Travel Insurance for Continental Europe, the Middle East and North Africa. Rivero. “Once users register for the service, the process of obtaining travel insurance becomes very simple, because everything is done automatically. Customers pay a daily rate, so they only pay for their use. and payment – either through a mobile phone account or directly from their bank – is both simple and secure. We believe this is a truly innovative and disruptive technology because these people travel will radically change the way we buy insurance, and that will definitely benefit our partners. ”