Insurance provider pays agents 20%
The Florida-based Squaremouth, an online travel insurance comparison site, announced today its official travel agency partner program which extends commission and other benefits.
“Squaremouth pays travel agents up to 20% commission on its travel insurance products from all of the leading third party travel insurance providers,” CEO Chris Harvey said. “When policies typically cost between 4 percent and 7 percent of the trip price, commission adds up quickly.”
Mr Harvey says by using www.squaremouth.com to review available travel policies at-a-glance, travel agents have an opportunity to capture part of the growing travel insurance marketplace.
More than 17 million travel insurance policies are sold each year, according to the United States Travel Insurance Association. In 2005, American travel insurance sales topped $1 billion.
Travel insurance is still one product that provides travel agencies an opportunity to increase its revenue stream, said Mr Harvey.
“Using Squaremouth has helped me boost our agency travel insurance sales,” according to Rudy Consoni, Resort Rentals. “I credit the increase to the site’s ease of use and being able to prioritize what factors in the policy are most important to my client.”
“Squaremouth’s technology only shows clients travel insurance products that they are eligible to purchase, hence simplifying the process,” Mr Harvey said. He added:
“Travel insurance policies can be complex. We allow customers and our partners to compare plans side-by-side as well as provide a sort function displaying the products that meet the traveler’s needs the most.”
Travel agents can personalize travel insurance quotes for clients, Mr Harvey said.
Squaremouth offers a “zero complaint” guarantee. The travel comparison site only lists travel insurance carriers that have had no complaints from Squaremouth’s customers.
Founded in 2001, Squaremouth.com helps travelers easily and instantly compare all the major travel insurance plans.
Report by David Wilkening
David
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