HelloSafe, the leader in insurance comparison in Canada, today announces the launch of its AI-based credit card insurance comparator, an exclusive service in the Canadian market, developed to help Quebec consumers understand and maximize the insurance guarantees included in their bank. Map.
Too often, consumers ignore the insurance guarantees on their bank cards buried in dozens of pages of general conditions. Moreover, an exclusive study by HelloSafe has shown that each year, Quebecers would spend $25.5 million on additional travel insurance for guarantees already included in their credit card insurance.
A double insurance situation that could be avoided thanks to HelloSafe’s credit card insurance comparison application, which aims to solve this problem by offering users easy and transparent access to detailed information about the guarantees included in their bank cards, thus avoiding double insurance and allow significant savings.
After 9 months of work, the HelloSafe team has developed a unique technology based on an artificial intelligence module that automatically analyzes the contracts of almost 250 Canadian cards based on official sources (Ministry of Global Affairs and General Conditions of Bank Card Insurance) to offer a unique audit for each user.
The service allows you to dissect the guarantees and help you understand the deductibles and exclusions from the bank. The tool also allows you to compare the insurance of two credit cards and choose the most suitable one, especially for travel.
“HelloSafe is more committed than ever to putting the power in the hands of consumers, and our Canadian credit card insurance comparison is a concrete example of thissaid Pauline Laurore, co-founder of HelloSafe. We want to help people get the most out of the benefits included with their credit cards while avoiding unnecessary expenses. With our Canadian credit card insurance comparison tool, we offer a tool that I would have dreamed of finding when I went on vacation. The tool is also available in B2B for travel agencies to better advise their customers and we are already receiving a lot of inquiries.
The web application is available at this link: hellosafe.ca/assurance-voyage/carte-credit. After Canada, HelloSafe plans to deploy the tool in several new countries this year, including France and the United States.
