AXA teams up with Ryanair on travel insurance

by Gill Montia

Story link: AXA teams up with Ryanair on travel insurance

AXA Travel Insurance, part of the AXA Assistance Group, has secured a five year partnership with low cost airline, Ryanair, which expects to carry 67 million passengers this year.

The agreement will take effect in September 2010 when the insurer will provide Ryanair passengers with single-trip, multi-trip and annual travel insurance policies via the Ryanair website.

Acumus Insurance Solutions, which specialises in tailored insurance solutions on a business-to-business basis, has been involved in bringing the parties together and developing the cover for Ryanair passengers.

According to Ryanair spokesman, Michael Cawley, the new partnership means that passengers will be able to access a “competitively priced, tailor-made” travel insurance range that includes winter sports and annual insurance for business travellers.

Earlier this year, Ryanair was forced to cease including insurance costs as part of its overall flight package; the company had fallen foul of EU regulations on pricing transparency.