FOR IMMEDIATE RELEASE
Global Insurer Unveils First Dynamic Travel Coverage That Re-prices Itself Every 15 Minutes Using Live Risk Feeds
Patented algorithm ingests satellite weather, civil-unrest and health-outbreak data to raise or lower premiums mid-trip, cutting average claim cost 22 % in pilot.
London, 24 November 2025
London-based NimbusCover today launched “FlexTrip”, the travel-insurance industry’s first fully dynamic policy that recalculates price and benefits in real time as a traveller’s risk environment changes.
Unlike traditional annual or single-trip contracts, FlexTrip connects to a proprietary RiskFusion™ engine that pulls live data from the U.S. National Weather Service, European Centre for Disease Prevention & Control, Cirium aviation feeds and on-device phone sensors. When the system detects a threshold shift—such as a tropical-storm track moving 50 km closer to a beach resort or a sudden spike in gastro-intestinal illness at the destination—it can instantly raise medical coverage, extend delay protection or offer an opt-in evacuation top-up. Premiums adjust in micro-increments capped at ±8 % per 15-minute cycle, keeping the policy affordable while ensuring solvency.
“Travellers no longer have to guess what coverage they might need three weeks from now,” said Elena Marchetti, Chief Executive Officer, NimbusCover. “FlexTrip treats insurance like GPS navigation: reroute the policy the moment conditions change, instead of leaving customers stranded with static fine print.”
Early results are compelling. A 2 100-customer beta across Q3 2025 recorded 22 % lower average claim severity and 34 % faster emergency-response times compared with NimbusCover’s legacy block of fixed policies. The pilot also revealed that 68 % of users willingly shared anonymised location and health-app data when offered premium rebates, underscoring growing consumer comfort with data-driven personalisation .
Market tailwinds are favourable. Global dynamic-pricing premiums are forecast to grow 41 % CAGR through 2028, reaching USD 18.9 billion, according to FinTech Global’s 2025 outlook. Meanwhile, post-pandemic travellers are taking shorter, more frequent trips—3.8 journeys per capita this year versus 2.6 in 2019—increasing demand for pay-as-you-go protection .
NimbusCover underwrites FlexTrip on its Lloyd’s of London Syndicate 4141, giving the product immediate worldwide licensing in 60 jurisdictions. Policies are distributed through the company’s existing airline and online-travel-agency APIs, including Ryanair, Amadeus and Klook, ensuring embedded checkout availability within two clicks.
“We see FlexTrip as the gateway drug to autonomous insurance,” Marchetti added. “Within five years, static travel policies will feel as obsolete as paper tickets.”
About NimbusCover
NimbusCover is a tech-centric managing general agent authorised by the U.K. Financial Conduct Authority. Built on cloud-native micro-services, the company has sold 4.7 million travel policies since 2021 and paid an average claim in 11 minutes via its LightningPay™ digital wallet. NimbusCover is headquartered at Level 39, One Canada Square, London E14 5AB.
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