Mr. Bao Nguyen, Country Director Thailand & Vietnam, said that this new travel insurance search feature will enable consumers to get the right travel insurance coverage without the hassle of reading through each policy one by one. This feature is unique within the market and can be found only on GoBear's website.
He elaborated on the function of the feature and the benefits which the users will gain from using it, in the following statement, "Before GoBear emerged, consumers were reluctant to purchase travel insurance due to the fact that they needed to read through each company's individual policies on their own websites, then compare each website's information to each other. GoBear therefore meets their needs by providing travel insurance comparisons, transparently on a single website. This includes information on insurance premiums, extent of coverage, and other essential terms and conditions."
In addition, Mr. Bao mentioned about GoBear's new Coverage Selector feature which will improve the accuracy of search results for the users. This is done by customizing the search results on the website to most suit their combined coverage preferences. This allows users to find the right travel insurance for them, with the best choice of coverage available.
Before the development of this feature, GoBear conducted a research on Thai travellers' behaviors to see which areas of coverage are most considered when choosing travel insurance. The findings were applied in designing the search feature that truly meets consumers' needs, with the top five areas below:
- Travel insurance for Visa Schengen
- Medical expenses
- Death compensation
- Belonging protection
- Flight delay
For consumers who would like to use the Coverage Selector feature, they can go to GoBear's travel insurance comparison page at https://www.gobear.com/th/travel-insurance and briefly fill in their travel information and choosing as many areas of coverage as they require from the checkboxes in order to get the most suitable results instantaneously.
About GoBear
GoBear is Asia's leading financial supermarket in insurance and banking. We exist because we thought someone should make it easy to choose financial products like insurance, credit cards and loans. We don't sell anything. Our comparison results aren't influenced by service providers' commissions or advertising. We just offer a simple, free and transparent way for people to compare financial products, empowering people to make better-informed decisions efficiently, saving both time and money.
Headquartered in Singapore since early 2015, we're one of the fastest growing Fintech startups in Asia. We're now in 6 countries including Singapore, Thailand, Malaysia, the Philippines, Hong Kong SAR & Vietnam and will continue to expand across Asia. To date we have served over 40 million users comparing over 2,000 personal finance products.