Arch RoamRight Introduces New Product Upgrade and Online Tool to Help Travel Advisors Responding to COVID-19

Under its brand, RoamRight, Arch Insurance Company (Arch) recently announced a COVID-19 response that includes a new travel insurance plan upgrade, and a COVID-19 assessment tool that analyzes destinations’ risk, restrictions and regulations.

HUNT VALLEY, Md.–(BUSINESS WIRE)–#travelinsurance–Arch RoamRight has introduced a COVID-19 response designed to help travel advisors better react to changing travel restrictions as a result of the COVID-19 pandemic. This response from Arch RoamRight features the introduction of the new Platinum Upgrade, which increases benefit limits of key coverages to meet certain destination requirements and includes access to up-to-date information on risks, requirements and restrictions in popular international destinations from risk assessment provider WorldAware.

“We heard the concerns that many of our travel providers were facing and felt it was important for us to supply our travel advisors with the necessary tools to navigate this post-COVID-19 travel environment effectively,” says Cory Sobczyk, vice president of business development for Arch RoamRight. “The Platinum Upgrade and the WorldAware risk assessment tool, combined with our existing products and award-winning services, all can help our valued travel advisors better navigate this pandemic.”

The new Platinum Upgrade is an optional upgrade available with the Arch RoamRight Pro Plus plan. The upgrade increases the limits for emergency medical, medical evacuation and trip delay benefits. These increased limits help travelers meet the benefit minimums now required by some international destinations, such as Costa Rica.

In addition, Arch RoamRight has arranged with risk assessment provider WorldAware to give travel advisors access to up-to-date, in-country information regarding COVID-19 requirements and conditions within a specific destination. These reports can be accessed within the dedicated advisors’ Arch RoamRight portal, and applicable reports can be emailed to travelers prior to departing.

Other terms apply for the Platinum Upgrade. For travel advisors looking to learn more about Arch RoamRight’s COVID response or to learn how to sign-up to offer Arch RoamRight travel insurance to travelers, contact the Arch RoamRight sales team at partner@roamright.com. For more information on Arch RoamRight travel insurance, visit www.roamright.com.

About Arch RoamRight

Arch RoamRight (www.RoamRight.com), an Arch Insurance Company brand based in Hunt Valley, Maryland, provides travel insurance to help U.S. residents traveling around the world. RoamRight offers travel insurance plans for leisure, business, student and group travelers taking both domestic and international trips. From trip cancellation to travel medical insurance plans and an award-winning mobile app and website, RoamRight is an industry leader in innovation and technological solutions. In 2019, Arch RoamRight was given the Excellence in Customer Service Award by Business Intelligence Group, and also won the bronze Stevie Award® for Customer Service Department of the Year in the American Business Awards®.

Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements, other than statements of historical fact, included in or incorporated by reference in this release are forward-looking statements.

Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; the Company’s ability to successfully integrate, establish and maintain operating procedures as well as consummate acquisitions and integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage the Company’s gross and net exposures; the failure of others to meet their obligations to the Company; changes in the method for determining the London Inter-bank Offered Rate (“LIBOR”) and the potential replacement of LIBOR and other factors identified in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”).

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Tag: arch-insurance

Source: Arch Insurance

Contacts

Tim Dodge

Vice President – Marketing

Arch Insurance Company

tdodge@archinsurance.com