InterMundial and Grupo GEA sign a collaboration agreement

Madrid, October 15, 2019.

InterMundial, a specialist in travel and sports insurance, has signed a collaboration agreement with GEA, a management group that brings together independent travel agencies, to market its exclusive protection guarantees.

The agreement, which recently went into effect, is a key milestone in the development of both entities and will provide numerous benefits to the associated travel agencies.

Exclusive guarantees

As part of the program of exclusive measures designed to provide total protection for travel agents, and coinciding with the company's 25th anniversary, InterMundial has developed a new Special Guarantee for Travel Agencies that offers specific benefits and coverage to meet the new requirements of the Package Travel Directive.

As a result, travel agencies that are part of Grupo GEA can now enjoy this comprehensive coverage, which provides unique solutions such as protection against force majeure or supplier bankruptcy, ensuring both their own interests and the protection of their travelers. The latter will also benefit from the highest medical expense limits on the market, providing them with up to 1 million euros in the event they require medical assistance during their travels.

In addition, InterMundial provides associates with a group of personal risk advisors, as well as many other advantages, most notably the extensive ‘Pack Plus 2019’ product catalog, the development of personalized marketing campaigns, specific training for agents, and specialized legal advice, among others.

A partnership that strengthens industry leadership

Through this agreement with Grupo GEA, InterMundial strengthens its position as a benchmark in the travel sector and continues its goal of responding to the demands of the tourism market, especially from the perspective of the travel agency distribution channel.

According to Jorge García, Commercial Director at InterMundial, “this agreement represents both a challenge and a magnificent opportunity to provide Grupo GEA and its associates with a comprehensive solution that allows us to address regulatory issues while ensuring that the end-user experience is always excellent”.

For his part, the Commercial and Marketing Director of Grupo GEA, David Cáceres Delfín, noted that “Grupo GEA’s commitment to completing our range of products and services so that agencies can guide their clients, as well as the insurer's interest in becoming one of our recommended providers, have been key to this agreement”.

About InterMundial

InterMundial is the leading specialist in travel and sports insurance in Spain. It has offices in Spain's main tourist cities and 8 commercial branches abroad (United Kingdom, France, Italy, Portugal, Poland, Mexico, Brazil, and Colombia).

- 3,200,000 policyholders each year.

- Over 6,500 points of sale partners.

- Over 700 phone calls handled every day.

- 25,000 claims resolved each year.

About Grupo GEA

Grupo GEA is a management group for independent travel agencies, founded in 1994, which brings together more than 1,600 points of sale in Spain, Portugal, Argentina, and Peru, positioning itself as an international leader in the travel agency management group segment.