PassportCard Overview
PassportCard offers a real-time travel insurance solution with no out-of-pocket expenses, paperwork, or long claim processes. Its solution facilitates claims payouts in real time. Using itsbig data and predictive analytics technologies and global payment platform, the company's award-winning solution provides an opportunity for insurers and assistance companies. PassportCard currently operates in Germany and Canada (in collaboration with Allianz) and Israel. It is also expanding into the United Kingdom, Scandinavia, and other markets. PassportCard is a joint venture between White Mountains Insurance group and DavidShield. The company franchises its solutions to major travel insurance and medical assistance companies worldwide.
Latest News
growth-positive
PassportCard lanza en España sus servicios internacionales de Salud - Seguros News
PassportCard has announced the launch of its international healthcare services in Spain. The company offers a solution for global healthcare coverage, eliminating the complexities of traditional insurance and adapting to individual and business needs. PassportCard allows users to pay for medical services in real-time using a Mastercard. The company offers three service plans for individuals, families, and businesses. In addition to these plans, companies can also incorporate specific products for employees abroad. The digitalized system is particularly useful for expatriates and remote workers. PassportCard aims to provide a wide range of healthcare coverage options for customers.
Customers
growth-positive
PassportCard launches international health insurance in Germany
PassportCard, a company offering health insurance for expatriates, has launched a product that provides 24/7 on-call medical advice in German. The product aims to address the concerns of German expats during the Covid-19 pandemic, ensuring they have sufficient medical coverage. PassportCards debit card allows customers to pay directly at the doctors office without having to pay in advance. The company also offers full insurance cover and 24-hour customer service, including access to German doctors through their partner MD-Medicus. The launch of this product is expected to have a positive impact on PassportCards growth.
Customers
growth-positive
Israeli regulator grants DavidShield insurance co license
The DavidShield-PassportCard group, jointly controlled by founder Alon Ketzef and US insurance company White Mountains, has obtained approval to operate in Israel as a new digital insurance company. The company will operate digitally and enable policyholders and agents to acquire policies, receive service, and settle claims in real-time. It will initially focus on insurance against diseases and hospitalization and later expand its activity. The group, which previously operated as specialized insurance agencies, aims to become an independent insurance company. DavidShield-PassportCard operates in multiple global markets and provides medical services to policyholders in over 140 countries.
CustomersPartners
growth-positive
How a high-tech company conquered Israel's travel insurance market
PassportCard, an Israeli startup, has become Israels largest travel insurance company with 40% market share. The companys success is attributed to its simplified, consumer-oriented approach. PassportCard provides travel insurance by issuing a credit card to customers, allowing direct interaction between the insurance company and medical service providers in case of a medical incident. The company aims to change the negative perception of insurance companies by providing quick and hassle-free claim payments. PassportCards insurance may not be the cheapest, but customers are willing to pay more for the efficient and reliable service. The company utilizes technology and apps to streamline its operations and ensure fast claim processing. PassportCard is considering offering electronic searching techniques for backpackers in case of missing persons. Despite paying more claims than competitors, PassportCard remains highly profitable.
CustomersPartners
growth-positive
Allianz Global Assistance and PassportCard to launch an innovative program designed to revolutionize travel insurance experience
Allianz Global Assistance Canada plans to test a new payment solution for medical claims while travelling. The solution will allow for payment of eligible outpatient medical expenses in real-time, eliminating out-of-pocket expenses and paperwork for travellers. The program is being offered through a partnership with PassportCard. Allianz Global Assistance Canada aims to increase the value travellers place on and receive from travel insurance. Once the limited program has proven successful, it will be made available to distribution partners on a broader scale.
CustomersPartners
| Sector | Fintech & Insurtech |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Mature |
| Rounds | 0 |
| Investors | 0 |
Team Members
2
Employees: 51-200
Web & Social Links
| Website | www.passportcard.com |
| App Store | App Store |
| Google Play | Google Play |
Locations
Ha-Tsoran St 8, Netanya, Israel
Catalyst House, 720 Centennial Ave, Centennial Court, Elstree, Borehamwood WD6 3SY, UK
19 Martin Pl, Sydney NSW 2000, Australia
Caffamacherreihe 8, 20355 Hamburg, Germany
Florinis, Nicosia, Cyprus
Photos & Videos
2 item(s)
