Arch Insurance Announces Streamlined Experience for Pricing and Purchase of Business Travel Accident Insurance
- Written by iPMI Magazine
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Arch Insurance Company today announced a new online platform that allows brokers to rapidly price and purchase Business Travel Accident (BTA) policies for U.S.-based companies with up to 250 business travelers.
The platform, called Arch BTAExpressTM, leverages a state-of-the-art underwriting and technology experience, allowing simple plan design selection, pricing and binding of BTA policies, with most quotes delivered almost immediately. The result is a substantial reduction in the time and effort it takes brokers to obtain coverage for their clients’ business travelers.
“We’re pleased to announce our new BTA product options and platform, in an environment where efficiency and simplicity are definite advantages,” said Jeff Ray, SVP, Arch Insurance Company, Accident & Health. “We are anticipating an increased interest in travel insurance coverage for both business and leisure travel due to heightened COVID-19 awareness, and our new approach to connecting brokers and insureds with our products will simplify the process.”
Arch’s BTA products offer businesses a choice of product options that include the ability to add out-of-country medical expense coverage. All plans include valuable travel assistance services, including but not limited to worldwide medical and evacuation assistance for employees and any accompanying family members as well as other specialty benefits to assist with the expenses of rehabilitation, counseling, family reunion and childcare needs resulting from accidents while on business travel.
The technology used for this online experience builds on Arch’s award winning RoamRight® travel insurance technologies and platform through which travel advisors and insureds have been purchasing leisure travel insurance for almost a decade.
Arch will host a webinar to showcase the new BTA offer and purchase platform on Feb. 23, 2021. Click here to register.
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