Birmingham insurance firm acquires digital travel startup

It is an all-Magic Metropolis deal: A Birmingham-based insurance plan disruptor has acquired a electronic vacation booking company also centered in the region.

Insured Nomads, which delivers well being insurance to remote personnel, expatriates and travelers, has introduced the acquisition of Peanut for an undisclosed sum.

Peanut presents a Chrome extension with travel details for end users, such as overall health challenges, climate steering, entry specifications, hotel background, flight hold off threats and insurance coverage specifications for destinations.

The COVID-19 pandemic, with travel restrictions and requirements, illustrated the worries of modern worldwide journey. For case in point, far more than 20 nations demand insurance plan procedures to enter, according to Insured Nomads. Peanut delivers vacationers with prices from insurance policies programs for just about any country in the earth.

“At Insured Nomads, we enable vacationers shift all over the entire world as securely and neatly as doable, and that starts with booking,” Insured Nomads CEO Andrew Jernigan claimed in a statement. “We acquired Peanut due to the fact it is video game-changing traveltech. Providing this style of critical vacation facts has merely never ever been carried out before.”

Getting its title from the packets air tourists get on planes, Peanut presents up to date knowledge on places, and was designed by a group of alumni from Fb, LinkedIn and Google.

“Having entry to the correct information and vacation solutions, this sort of as insurance coverage, is important to checking out the globe or doing the job remotely today,” Peanut CEO Brady Simpson mentioned. “That’s why we developed the software in the course of Covid-19.”