Safeture Partners With Insurtech Insured Nomads

Clara Bullock
March 22, 2021
Digital Nomad

Safeture has entered into an agreement with the US/EU corporation Insured Nomads, an insurtech company focused on remote workers, digital nomads, expats, and travellers

As of now, Insured Nomads, with the help of Safeture's technology, can offer and extend policyholders with an upgrade of benefits and services suited to the needs of the new normal. Initially, the agreement runs for three years and gives Safeture over US$500,000, plus additional revenue with membership growth.

Although working remotely was initially viewed as a perk, a recent survey of HR, legal and compliance, finance, and real estate professionals found that 47 per cent of respondents will allow remote work on a full-time basis. This increase creates a demand for new and better solutions that guarantee that employees are safe and protected regardless of their workplace. Insured Nomads is at the forefront of addressing these needs and challenges for remote workers, digital nomads, expats, and travellers.

An increased level of security

"The global and remote work lifestyle has been a growing sector but has been accelerated due to the pandemic. By adding Safeture's technology, we give our policyholders an increased level of security and instant protection while travelling, all within a native app for our Juvo experience," said Allen Koski, President and Chief Innovation Officer at Insured Nomads.

Magnus Hultman, CEO of Safeture, added: "This is a key order for us. It clarifies the shift in the economy, and it is obvious for attractive employers to offer adequate protection even for the category of employees who rarely set foot in an office - always out of office. I think we will see more of this in the future.”

Counselling and telemedicine will be included

With Safeture's technology, Insured Nomads can offer policyholders a blended and unique suite of benefits. Including custom technology, insurance, counselling, telemedicine, global location intelligence, SOS/panic button response with boots on the ground and duty of care, as part of the Juvo-branded app experience.

The collaboration with Insured Nomads begins on 1 April 2021.

In December last year, Safeture reports suggested that business travellers are not comfortable to resume travel yet; and intra-company travel is to decrease by 60 per cent, even after the pandemic.

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