Sunday, 24 Nov 2024

TMU Management hits record growth amid soaring demand for data-led insurance solutions

TMU Management reports over 250% revenue growth in its second year, driven by rising demand for data-driven risk management solutions in the travel industry.


TMU Management hits record growth amid soaring demand for data-led insurance solutions
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TMU Management reports over 250% revenue growth in its second year, driven by rising demand for data-driven risk management solutions in the travel industry.

TMU aims to safeguard the travel value chain with risk management solutions that have longevity through boom-and-bust cycles.

TMU Management, which was created by the team behind travel ensurance provider Trust My Group, uses proprietary technology to offer customisable, end-to-end risk management and mitigation solutions that have longevity through boom-and-bust cycles.

Since its inception, TMU has equipped thousands of travel businesses with real-time data on their risk exposure, ensuring the travel industry is no longer unfairly deprived of insurance capacity during economic downturns.

Over the past year, the company complemented its core Financial Failure Insurance (FFI) product with two new products aimed at supporting acquiring banks, expanding its reach into fintech and financial institutions.

This diversification has not only contributed to its financial success but has also paved the way for future developments, with new travel ancillary products slated for launch in 2025.

With revenue expected to double again in its third year, TMU Management is committed to disrupting the recurring pattern whereby insurance providers only service industries like travel during times of growth, leaving them underserved during downturns.

This pioneering approach has earned TMU a nomination for Technology Provider of the Year at the 2024 Travel Industry Awards, recognising its role in reshaping risk management across the travel industry and beyond.

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