Rainfall Protection Cover for Travellers a New Insurance Policy by Singlife with Aviva

Press Room > 2022

If you have ever had your holiday wrecked by rain, you can now safeguard yourself with the Rainfall Protection Cover for Travellers introduced by Singapore’s financial services company, Singlife with Aviva.  In partnership with Arbol Inc, a global climate risk solutions platform, Singlife is the first insurer in Singapore, to offer this innovative parametric insurance product design for consumers to manage unexpected weather conditions.

Singlife will pay up to SGD150 to travellers whose single trip plans are disrupted by heavy rainfall. All countries and regions globally are included in the Rainfall Protection coverage, with the exception of Afghanistan, Democratic Republic of Congo, Iran, Iraq, Liberia, Sudan and Syria

The Rainfall Protection Cover will apply to travellers who encounter more than 6.4 millimeters of daily rainfall at their destination cities for more than 50 per cent of their trip duration. According to the Meteorological Service Singapore, a day is considered to have “rained” if the total rainfall for that day is 0.2 millimeters or more.

This solution is underwritten in collaboration with Arbol – a company that leverages on cutting-edge technologies from smart contracts and artificial intelligence to underwriting.

Singlife was recently recognised as ‘Domestic General Insurer of the Year’ for its comprehensive travel insurance offering at the Insurance Asia Awards 2022.