Koala Insurance is live

Koala Insurance is live.

The Paris-based travel insurance provider has partnered with travel booking platform Ulysse for it to distribute its product Koala Flex. With Koala Flex travelers can cancel their booking for any reason up to 4 days before departure, without having to provide any justification. Cancelation is done online and customers receive a ~70% refund of the booking price.

Koala was established in 2018 and is led by co-founder and CEO Ugo Weyl. Last year it raised €1.6 million in a Seed round of financing led by Insurtech Gateway with participation from Playfair Capital.