Travel Insurance Online :: News
SHARE

Share this news item!

1Cover and Adyen Collaborate to Modernise Payment Infrastructure

Travel Insurer Achieves Operational Efficiency and Cost Savings Through New Partnership

1Cover and Adyen Collaborate to Modernise Payment Infrastructure?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In a strategic move to enhance operational efficiency, Australian travel insurer 1Cover has partnered with global fintech company Adyen to modernise its payment infrastructure across Australia and New Zealand.
This collaboration aims to consolidate multiple payment systems into a single platform, thereby improving efficiency and customer experience.

Since the launch of the new platform in May 2025, 1Cover has reported approximately $35,000 in savings over nine months, with annual savings projected to reach up to $50,000. These financial gains are primarily attributed to efficiencies such as local card routing and automated reconciliation, which have significantly reduced manual processes and administrative overheads.

The consolidation also enables access to local payment methods across both markets, supporting a more reliable and seamless checkout experience for customers. This development is particularly beneficial for Australian travellers who value convenience and efficiency when purchasing travel insurance policies.

By streamlining its payment processes, 1Cover not only enhances its operational capabilities but also reinforces its commitment to providing value-conscious travellers with cost-effective and efficient services. This initiative aligns with the company's ongoing efforts to adapt to the evolving needs of the travel insurance market and its clientele.

For Australian travellers, this partnership translates to a more seamless and reliable transaction experience when securing travel insurance, ensuring that their journeys are protected with minimal hassle. As the travel industry continues to recover and evolve, such innovations play a crucial role in meeting the expectations of modern travellers.

In summary, the partnership between 1Cover and Adyen marks a significant step forward in the modernisation of payment systems within the travel insurance sector. By embracing technological advancements, 1Cover demonstrates its dedication to enhancing customer satisfaction and operational efficiency, ultimately benefiting Australian travellers seeking reliable and streamlined insurance solutions.

Published:Friday, 15th May 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

Allianz Partners Strengthens Australian Presence with nib Acquisition
Allianz Partners Strengthens Australian Presence with nib Acquisition
07 Jun 2026: Paige Estritori
In a significant development within the Australian travel insurance industry, Allianz Partners has announced the acquisition of a substantial portion of nib Group's travel insurance portfolio in Australia and New Zealand. This strategic move, valued at up to A$50 million, marks a pivotal expansion for Allianz Partners in the Asia-Pacific region. - read more
Freely Launches Tailored Travel Insurance Plans for Australians
Freely Launches Tailored Travel Insurance Plans for Australians
07 Jun 2026: Paige Estritori
Freely Travel Insurance has unveiled three innovative travel insurance plans designed to cater to the varied needs of Australian travellers. The newly introduced plans-Essentials, Explorer, and Explorer Pro-offer different levels of coverage, ensuring that individuals can select a policy that aligns with their specific travel requirements and budgets. - read more
Europ Assistance Australia Gains APRA Approval to Underwrite Travel Insurance
Europ Assistance Australia Gains APRA Approval to Underwrite Travel Insurance
07 Jun 2026: Paige Estritori
Europ Assistance Australia (EAA) has achieved a significant milestone by obtaining a general insurance licence from the Australian Prudential Regulation Authority (APRA). This authorisation enables EAA to underwrite its own travel insurance products, marking a pivotal step in its commitment to the Australian market. - read more
Europ Assistance Australia Begins Underwriting Its Own Travel Insurance Policies
Europ Assistance Australia Begins Underwriting Its Own Travel Insurance Policies
31 May 2026: Paige Estritori
In a significant development for the Australian travel insurance sector, Europ Assistance Australia (EAA) has been granted a general insurance licence by the Australian Prudential Regulation Authority (APRA). This authorisation enables EAA to underwrite its own travel insurance products, marking a pivotal step in its commitment to the Australian market. - read more
Cover-More and Aon Collaborate to Enhance Travel Insurance Offerings in Australia
Cover-More and Aon Collaborate to Enhance Travel Insurance Offerings in Australia
31 May 2026: Paige Estritori
In a strategic move to bolster travel insurance services in Australia, Cover-More, a subsidiary of Zurich's Cover-More Group, has entered into a partnership with global professional services firm Aon. This collaboration aims to provide comprehensive travel insurance solutions to Aon's retail clients and employees across Australia. - read more


Travel Insurance Articles

Top 10 Budget-Friendly Travel Gems for Aussies in Southeast Asia
Top 10 Budget-Friendly Travel Gems for Aussies in Southeast Asia
Welcome to a journey of discovery where the vibrant cultures, stunning landscapes, and rich history of Southeast Asia await. Australian travellers have long been captivated by the allure of our northern neighbours, seeking adventures that not only promise unforgettable experiences but also offer remarkable value for money. - read more
How to Save Money on Travel Insurance Without Compromising on Coverage
How to Save Money on Travel Insurance Without Compromising on Coverage
Travel insurance is an essential component of any trip, providing protection and peace of mind for Australian travelers. Whether you are planning a short weekend getaway or an extended overseas adventure, unforeseen circumstances such as medical emergencies, trip cancellations, or lost luggage can quickly derail your plans and drain your finances. - read more
Visa-Free Travel for Australians: A Look at Some Exciting Destinations
Visa-Free Travel for Australians: A Look at Some Exciting Destinations
Travelling is one of life’s great joys, and for Australians, visa-free travel opens up a world of opportunities. The convenience and freedom that come with not needing a visa cannot be overstated. With just your passport in hand, you can explore countless destinations without the hassle of paperwork. This kind of travel liberty offers a spontaneous, exhilarating experience, allowing you to book a last-minute trip without worrying about securing a visa beforehand. - read more
The Essential Guide to Travel Insurance for Australians on a Working Holiday in Canada
The Essential Guide to Travel Insurance for Australians on a Working Holiday in Canada
Welcome to your guide to embark on an amazing journey from Australia to the breathtaking landscapes of Canada on a working holiday. This adventure presents an inviting blend of work and travel, allowing you to immerse yourself fully in Canadian culture while supporting your explorations financially. - read more
Travel Troubles: How Travel Insurance Protects You from Unexpected Events Abroad
Travel Troubles: How Travel Insurance Protects You from Unexpected Events Abroad
For many Australian travellers, setting off on a global adventure is an exciting prospect. Yet, amidst this excitement, it's crucial to acknowledge the unexpected twists and turns that could arise. That's where travel insurance steps in. Not just a safety net, it serves as a vital component of travel planning, providing peace of mind as you explore the world. - read more

Knowledgebase
Flood Insurance:
A specific type of property insurance that covers losses and damage caused by flooding.