Companjon teams up with Visa for weather protection

Companjon is partnering with Visa to enable card issuers across Europe to offer Weather Protection for purchases impacted by poor weather. The coverage leverages AI and verified weather data to provide compensation when adverse conditions like heavy rain or extreme temperatures disrupt activities, such as outdoor events.

The solution adjusts for factors like geography and seasonality to deliver tailored protection at optimal pricing, ensuring convenience for users. Companjon, acting as the underwriter and risk carrier, aims to enhance customer satisfaction while providing new revenue streams for Visa’s issuing partners.

“At Visa, we are always looking for new ways to innovate and enhance the travel and payment experiences. We’re thrilled to connect our clients to Companjon to offer purchase protection for poor weather and provide consumers on the move with a solution that reduces the frustration that comes with a cancelled event. This is another example of how we are helping our clients in the travel ecosystem improve digital experiences across the customer lifecycle.” – Jakub Grzechnik, Head of Product, Central Europe, at Visa .