Cancel for Any Reason (CFAR),
a game changer for travel & hospitality
Give your customers unmatched flexibility when they book - no proof needed, no stress - just the power to cancel on their terms. CFAR can be offered as an add-on through any booking platform or included in booking rates, bank cards or mobile plan subscriptions, providing travelers with peace of mind. This cover is used by travel and hospitality businesses and platforms around the world to enhance their competitiveness, boost revenue and early bookings, and reduce the risk of last-minute cancellations.
Tailored insurance coverages at the point of sale
Create new revenue streams by offering booking cancellation and travel insurance as add-ons when customers make a booking. Enable travelers to add the protection they need right when they book, reducing hesitation and increasing conversions. This is a perfect fit for hotels, airlines, booking engines, OTAs, B2B travel agency platforms, TMCs, ferries, and car rentals.
Cancellation Insurance embedded into the room rate
Include cancellation insurance in your prepaid bookings to give your customers the confidence to book well in advance and prepay, knowing they’re covered if their plans change. Boost early bookings, secure your revenue and cash flow, all while increasing direct bookings on your website. Choose from a variety of flexible coverages (Cancel for Any Reason, Cancel for a Specific Reason, and Travel Insurance) to suit every traveler’s needs. Trusted by leading hotel chains worldwide, this novel approach is setting a new standard in the hospitality industry.
CFAR as a B2B coverage for travel & hospitality businesses
Cancel for Any Reason can serve as a powerful B2B coverage, whether your business is a hotel, airline, car rental, travel wholesaler or bed bank, securing your revenue and cashflow while protecting your business from last-minute cancellations. If you operate a B2B travel-tech platform like a booking engine, channel manager, PMS, or revenue management system, CFAR is a unique offering for your B2B clients that strengthens your value proposition and sets you apart from competition.
Readily available insurance products
designed to meet every traveler’s needs
Cancel for Any Reason (CFAR)
Travelers can cancel their bookings if they change their mind - no matter the reason - and receive up to 100% refund without providing any documentation or proof.
Cancel for a Specific Reason
Travelers receive a full refund if they cancel due to a documented reason, such as illness, COVID-19, unemployment, or any of the over 25 covered reasons.
Travel Insurance
Comprehensive travel protection covering medical and hospitalization expenses, lost luggage, and more.
Plug & play solution, minimal effort,
zero cost & risk
Wallbid, a global insurtech provider, blends cutting-edge technology with innovative insurance products to deliver end-to-end solutions for partners around the world. We enable our partners to launch innovative insurance offerings in just weeks, eliminating insurance-related hassle and delays.
Zero cost solution for your business.- Innovative insurance products, underwritten by tier-1 reinsurers and insurers.
- High-tech platform - seamless API integration.
- Fully digital customer experience from buying a policy to filing a claim.
- Web portal for real-time monitoring of sales and KPIs.
Tailored insurance solutions for
every business
We deliver end-to-end insurance offerings designed to meet the unique needs of every industry. Our solutions help our partners to enhance their value proposition, drive revenue growth, and build customer loyalty.
Hotels
Cancellation insurance embedded in the room rate or as a B2B cover for your business to drive early bookings and secure your revenue, while transferring the cancellation risk to your insurance partner.
Hospitality Platforms
CFAR for Booking Engines, PMS, Channel Managers, and Revenue Management Platforms enhancing your revenue and product offering, while staying ahead of competition.
OTAs & TMCs
Flexible add-on insurance products to help your customers book with confidence, boosting your revenue from ancillary services and increasing profitability.
Travel Wholesalers
B2B coverage for wholesalers and bed banks to boost revenue and safeguard your entire business against cancellations.
Airlines & Ferries
New revenue from add-on insurance coverages for travelers, or B2B protection to shield your business from unexpected last-minute cancellations.
Banks & Fintechs
CFAR included in credit card subscriptions, enabling cardholders to make stress-free bookings with their card and receive refunds for cancellations due to any reason.
Telcos
CFAR included in the post-paid subscriptions or offered as an optional coverage to boost revenue and loyalty.
Car Rentals
Flexible add-on insurance for your customers, or B2B cover to safeguard your rental business against last-minute cancellations.
