Travel insurance has long been a standard offering for travellers, but many policies come with limitations. Allianz Partners Australia has introduced a new cruise-specific travel insurance product, created in collaboration with Norwegian Cruise Line (NCL), aimed at addressing the unique needs of cruise passengers.
This new insurance product, available directly through the NCL website when booking a cruise, includes essential benefits such as onboard medical and evacuation coverage, protection for cabin confinement, and formal wear coverage. These benefits, previously offered as add-ons, are now integrated into the standard travel insurance policy for a smoother and more convenient experience for travellers. However, terms, conditions, and exclusions apply.
The launch of this product comes as cruising continues to grow in popularity in Australia, with 1.25 million Australians setting sail annually. In fact, the global cruise industry saw a 20% increase in passengers in 2024 compared to 2019, and it’s projected that 40 million passengers will cruise by 2028. This surge is particularly noticeable among younger demographics, such as Millennials and Gen X, who are now choosing cruises in larger numbers.
Damien Arthur, executive head of travel at Allianz Partners Australia, commented: “Our data shows that cruise travellers have a high propensity to purchase travel insurance. We've now made it even easier for them to get cover that is better suited for their needs.”