Birmingham insurance firm acquires digital travel startup
It is an all-Magic Town offer: A Birmingham-dependent insurance plan disruptor has acquired a electronic vacation reserving business also centered in the place.
Insured Nomads, which offers wellness insurance policies to distant staff, expatriates and tourists, has declared the acquisition of Peanut for an undisclosed total.
Peanut supplies a Chrome extension with vacation data for people, this sort of as health and fitness threats, weather conditions guidance, entry specifications, resort heritage, flight hold off threats and insurance necessities for places.
The COVID-19 pandemic, with journey limits and specifications, illustrated the difficulties of modern day international journey. For illustration, far more than 20 countries need coverage guidelines to enter, according to Insured Nomads. Peanut presents travelers with quotes from insurance policies designs for virtually any place in the earth.
“At Insured Nomads, we aid tourists go around the world as securely and neatly as probable, and that begins with scheduling,” Insured Nomads CEO Andrew Jernigan said in a assertion. “We acquired Peanut mainly because it is activity-transforming traveltech. Providing this kind of important journey details has only never been performed right before.”
Taking its identify from the packets air tourists acquire on planes, Peanut delivers updated facts on destinations, and was made by a team of alumni from Facebook, LinkedIn and Google.
“Having entry to the appropriate information and facts and journey solutions, these kinds of as insurance policies, is important to exploring the entire world or doing the job remotely right now,” Peanut CEO Brady Simpson reported. “That’s why we developed the device during Covid-19.”