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More than $650m in premiums now runs through Ignyte Insurance's travel portfolio after the US-based insurer acquired InsureMyTrip, the Warwick, Rhode Island-based travel insurance marketplace.
The deal, terms undisclosed, adds a sixth brand to the operation. InsureMyTrip has operated since 2000, built around a multi-carrier comparison model.
Consumers visit the platform to generate quotes, compare options, and bind cover. The product set spans six lines: annual protection, cruise, evacuation, student travel, travel medical, and trip cancellation.
Working through partnerships with multiple insurance carriers, the platform gives buyers a side-by-side view before committing.
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