Munich Re has partnered with start-up Roomer Travel, which uses AI and machine learning to allow travellers to alter their plans without risking their entire booking by providing a marketplace for reselling and booking non-refundable hotel rooms. The company is also working on an app that will let users book rooms online in advance of arrival at the airport or hotel, so they can avoid paying extra fees when arriving late or cancelling altogether.
Munich Re has partnered with start-up Roomer Travel, which uses AI and machine learning to allow travellers to alter their plans without risking their entire booking by providing a marketplace for reselling and booking non-refundable hotel rooms. The reinsurer will provide Roomer with coverage for large payouts from unexpected events, such as natural catastrophes.