At CES 2018, InsureMyTrip has launched their SMART System, a new platform that will help consumers compare and buy travel insurance. Company claimed that SMART is the sophisticated algorithm developed specifically for travel insurance. “Travelers can have vastly different coverage needs, and SMART’s goal is to deliver what’s most important for each of them. Combining continuous learning through user interactions, vast libraries of data collected from past travelers, and the thousands of coverage options, SMART recommends the right plan for every traveler,” said company.
“For the first time, predictive models and Machine Learning (ML) techniques are being applied to travel insurance comparison. As we continue to pioneer the technology in this space, we anticipate continued and highly visible improvement to the comparison and purchase experiences for our end users,” says InsureMyTrip Director of Technology & Architecture Andy Bent, who leads the team responsible for SMART.
The technology was announced by InsureMyTrip CEO Jim Grace to industry leaders during the AIG Risk + Innovation “Future of Travel” event at CES 2018, informed the company.
“This pro-consumer technology is a real game changer for the entire insurance industry. SMART enables consumers to make confident buying decisions and encourages travel insurance companies to strengthen products to address the ever changing needs of travelers,” says InsureMyTrip CEO Jim Grace. “Our SMART technology is the dawn of a new era in travel insurance.”
SMART by InsureMyTrip is a proprietary algorithm that taps into thousands of data points to find the right travel insurance plan for any traveler. SMART delivers travel insurance quote results that match customer needs.