Europ Assistance Australia Gains Licence to Underwrite Travel Insurance
New Licence Enhances Europ Assistance's Commitment to Australian Travellers
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Europ Assistance Australia (EAA) has achieved a significant milestone by obtaining a general insurer licence, allowing the company to underwrite its own travel insurance products.
This development underscores EAA's dedication to the Australian market and its travellers.
Previously, EAA's travel insurance offerings were underwritten by Mitsui Sumitomo Insurance Company. With the new licence, EAA can now design and deliver insurance solutions tailored specifically to the needs of Australian travellers. Hassen Bennour, CEO of Europ Assistance Asia-Pacific, highlighted that this move is a natural progression, emphasizing Australia's strategic importance to the company.
Since entering the Australian and New Zealand markets in 2022 through the acquisition of InsureandGo and Tick, EAA has been expanding its presence. The company supported over 1.3 million travellers from the region last year and employs more than 200 team members locally. Independent Chair Francois de Meneval noted that the licence provides the flexibility to create products closely aligned with Australians' travel habits, ensuring modern and relevant insurance solutions are available.
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