With access to rich data sets and distribution channels, insurtechs have partnered with insurers and ticketing providers to develop innovative protection offerings that go beyond standard cancellation coverage. Some examples include:

Cancel for any reason: 'Cancel for any reason' (aka CFAR) offers eventgoers extra flexibility with the option to cancel for any circumstance. It's often offered at a higher price but can provide an added layer of protection for a consumer who is booking far out in advance and is unsure if they want to attend.
Festival coverage: With the rising popularity of multi-day festivals, it's important to safeguard festivalgoers from potential issues beyond event cancellation. Festivals can offer holistic coverage that extends to attendees' electronic devices and personal belongings so they're protected throughout the event.
Full-experience coverage: For events like the 2024 Olympics Games in Paris coming up, consumers are investing in an entire experience, from flights and accommodation to the event itself. Full-experience coverage offers protection against travel cancellations, medical expenses, and liability for both guests and hosts involved in short-term rental arrangements. This ensures a comprehensive level of protection.
Season ticket holders: For sporting fans, purchasing season tickets can be a major investment, and they may not be able to attend every single game. Tailored coverage for season ticket holders can provide refunds for a certain number of games for protected circumstances.

Event ticket protection is an exciting segment, where multiple players are working together to meet the unique needs of eventgoers. As events become a larger investment, there's an opportunity to truly innovate and create solutions that provide customers with peace of mind when investing in an event experience.

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