CES 2018: InsureMyTrip launches SMART System to compare and buy travel insurance

At CES 2018, InsureMyTrip has launched their SMART System, a new platform that will help consumers compare and buy travel insurance.

Must Read

Facebook acquires GIF search engine GIPHY

is buying the popular engine Giphy, with plans to further integrate the GIF library into Instagram and other Facebook apps.

Explained: 5 biggest mistakes startups make in beginning that you must avoid

, the founder of a multinational company, Value Marketing, tells about the 5 biggest mistakes many startups make in the beginning, and how to avoid them.

DigitalOcean raises $50 million in Series C round funding

Software technology firm DigitalOcean said that it has raised $50 million Series C funding round led by Access Industries, with participation from Andreessen Horowitz (a16z).

At , has launched their SMART System, a new platform that will help consumers compare and buy . Company claimed that SMART is the sophisticated algorithm developed specifically for . “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.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

*The moderation of comments is automated and not cleared manually by techobserver.in. Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

- Advertisement -SAP Hana

Related Articles