HelloSafe Launches App in Canada That Reveals All Credit Card Insurance
New York, 10/11/2024 - HelloSafe, leading insurance comparison service provider, today announced the launch of its AI-based Credit Card Insurance Comparator, a service exclusive to the Canadian market, developed to help Canadian consumers understand and maximize the insurance coverages included with their bank cards.
All too often, consumers are unaware of the insurance coverages included with their bank cards, buried in dozens of pages of general terms and conditions... Moreover, an exclusive study conducted by HelloSafe has shown that every year, Canadian spend $25.5 million on supplementary travel insurance for cover already included in their credit card insurance.
A situation of double-insurance that could be avoided thanks to HelloSafe's credit card insurance comparison application, which aims to solve this problem by offering users easy, transparent access to detailed information on the coverages included in their bank card, thus avoiding duplicate insurance and enabling significant savings.
After 9 months' work, the HelloSafe team has developed a unique technology based on an artificial intelligence module that automatically analyzes the contracts of nearly 250 Canadian cards on the basis of official sources (Ministry of Global Affairs and bank cards' general insurance conditions) to offer a unique audit for each user.
The service breaks down coverages and helps to understand deductibles and exclusions by bank. The tool also enables users to compare the insurance policies of two credit cards and choose the most suitable, especially for travel.
"HelloSafe is more committed than ever to putting power in the hands of consumers, and our Canadian credit card insurance comparator is a concrete example of this," said HelloSafe co-founder Pauline Laurore. We want to help people make the most of the benefits included in their bank card, while avoiding unnecessary expenses. With our Canadian credit card insurance comparator, we've come up with a tool that I'd have dreamed of finding when I went on vacation. The tool is also available in B2B for travel agencies to better advise their customers, and we're already receiving many requests.
The Web Application is available here: https://hellosafe.ca/en/travel-insurance/credit-card-insurance. After Canada, HelloSafe plans to roll out the tool in several new countries this year, including France and the United States.
About HelloSafe
HelloSafe is a leading platform for comparing financial products (insurance, credit and investments) in the USA. Powered by a unique and powerful proprietary technology, HelloSafe provides American users with free, anonymous and instantaneous comparators and calculators, as well as expert and up-to-date content. Our platform enables every British people to make the best decisions for their money and find the right offer, at the right price.
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Alexandre Desoutter
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