Travel and tourism industry took a hard hit due to the coronavirus. But with Europe on the path to recovery, there’s a steady growth in the travelling sector. While local flights are not heavily impacted, international flights could be delayed or even cancelled. Flight insurance is always a good idea in such cases but the associated time and paperwork can be difficult to deal with.
Tackling this issue is the France-based insurtech startup Koala. The startup is reinventing travel insurance with its data-driven products that proactively alert travelers about any disruption and pay-out instantly, no questions asked. The startup has now closed its seed round of €1.6 million. Here’s what you need to know about the rising startup.