Professionals Insurance Online :: News
SHARE

Share this news item!

1Cover and Adyen Collaborate to Modernise Payment Infrastructure

Travel Insurer Achieves Operational Efficiency and Cost Savings Through New Partnership

1Cover and Adyen Collaborate to Modernise Payment Infrastructure?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In a strategic move to enhance operational efficiency, Australian travel insurer 1Cover has partnered with global fintech company Adyen to modernise its payment infrastructure across Australia and New Zealand.
This collaboration aims to consolidate multiple payment systems into a single platform, thereby improving efficiency and customer experience.

Since the launch of the new platform in May 2025, 1Cover has reported approximately $35,000 in savings over nine months, with annual savings projected to reach up to $50,000. These financial gains are primarily attributed to efficiencies such as local card routing and automated reconciliation, which have significantly reduced manual processes and administrative overheads.

The consolidation also enables access to local payment methods across both markets, supporting a more reliable and seamless checkout experience for customers. This development is particularly beneficial for Australian travellers who value convenience and efficiency when purchasing travel insurance policies.

By streamlining its payment processes, 1Cover not only enhances its operational capabilities but also reinforces its commitment to providing value-conscious travellers with cost-effective and efficient services. This initiative aligns with the company's ongoing efforts to adapt to the evolving needs of the travel insurance market and its clientele.

For Australian travellers, this partnership translates to a more seamless and reliable transaction experience when securing travel insurance, ensuring that their journeys are protected with minimal hassle. As the travel industry continues to recover and evolve, such innovations play a crucial role in meeting the expectations of modern travellers.

In summary, the partnership between 1Cover and Adyen marks a significant step forward in the modernisation of payment systems within the travel insurance sector. By embracing technological advancements, 1Cover demonstrates its dedication to enhancing customer satisfaction and operational efficiency, ultimately benefiting Australian travellers seeking reliable and streamlined insurance solutions.

Published:Friday, 15th May 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

NTI Updates Transport Pack to Support Transport Industry Amid Challenges
NTI Updates Transport Pack to Support Transport Industry Amid Challenges
17 May 2026: Paige Estritori
National Transport Insurance (NTI), Australia's leading truck insurer, has recently refreshed its Transport Pack to better support the transport industry during a period marked by significant challenges. With nearly five decades of industry experience, NTI is leveraging its extensive data to offer solutions tailored to the current needs of transport operators. - read more
Australian Motor Fleets Embrace Telematics to Boost Safety and Control Costs
Australian Motor Fleets Embrace Telematics to Boost Safety and Control Costs
17 May 2026: Paige Estritori
In response to escalating insurance premiums and stringent safety regulations, Australian motor fleet operators are increasingly turning to telematics technology. This shift is particularly evident in sectors with high operational risks and compliance requirements, such as the resources industry. - read more
IAG's Strategic Response to Softening Commercial Insurance Market
IAG's Strategic Response to Softening Commercial Insurance Market
17 May 2026: Paige Estritori
Insurance Australia Group (IAG) is proactively addressing the challenges posed by the current soft commercial insurance market through its Intermediated Insurance Australia (IIA) division. CEO Jarrod Hill has expressed confidence in the division's ability to navigate these conditions, citing a well-balanced business portfolio and strategic operational adjustments. - read more
Tasmania's Collaborative Strategy to Enhance Insurance Affordability
Tasmania's Collaborative Strategy to Enhance Insurance Affordability
17 May 2026: Paige Estritori
The Tasmanian Government has announced a significant shift in its strategy to address insurance affordability and availability within the state. Premier Jeremy Rockliff revealed plans to collaborate with insurers, brokers, and reinsurers to develop solutions that effectively tackle these issues. - read more
Federal Budget 2026: Initiatives to Enhance Insurance Affordability
Federal Budget 2026: Initiatives to Enhance Insurance Affordability
17 May 2026: Paige Estritori
The Australian Government's 2026 federal budget has earmarked $3.4 million over four years to develop measures aimed at reducing property insurance costs and addressing the issue of unintentional underinsurance. This initiative reflects a growing recognition of the financial pressures faced by homeowners and businesses due to escalating insurance premiums. - read more


Professionals Insurance Articles

Protecting Your Professional Income: Understanding Income Protection Insurance
Protecting Your Professional Income: Understanding Income Protection Insurance
Income protection insurance is a financial safety net for individuals who are unable to work due to illness or injury. It ensures that you receive a percentage of your income during times when you cannot earn a salary, helping you maintain your lifestyle as you recover. This type of insurance offers peace of mind by providing financial support when it is needed most, allowing you to focus on recovery rather than financial pressures. - read more
Essential Insurance Solutions for Australian Professionals
Essential Insurance Solutions for Australian Professionals
In today's ever-evolving professional landscape, having the right insurance coverage is becoming increasingly important for Australian professionals. As more individuals step into freelance work and independent contracting, the need for tailored insurance solutions becomes crucial. Professionals in fields like IT consulting, engineering, and interior design face unique risks that necessitate proper protection. - read more
Tailoring Income Protection for Medical Professionals
Tailoring Income Protection for Medical Professionals
Income protection insurance is a vital safety net for individuals across various professions, designed to provide financial stability if one is unable to work due to illness or injury. This type of insurance replaces a percentage of your income, alleviating the burden of regular expenses while you focus on recovery. For medical professionals who often have high earnings and extensive financial commitments, this coverage is particularly important. - read more
The Importance of Professional Indemnity Insurance for Freelance Professionals
The Importance of Professional Indemnity Insurance for Freelance Professionals
Professional indemnity insurance is a vital safety net for freelance professionals. It is designed to protect individuals offering expert services or advice from claims of negligence or misconduct. Whether you're a consultant, designer, or engineer, having this insurance ensures that you're prepared for unexpected liabilities that could arise from your professional activities. - read more
How Cyber Insurance Can Protect You as a Freelance Professional
How Cyber Insurance Can Protect You as a Freelance Professional
In our digitally-driven world, cyber insurance has become an essential safeguard for anyone who operates online, particularly freelance professionals. At its core, cyber insurance is designed to help cover the risks associated with cyberattacks or data breaches, which can be devastating to both your reputation and your finances. - read more

Knowledgebase
Disability Insurance:
A type of insurance protection that pays a portion of a person's income lost due to a total or partial disablement arising from either an accident or a sickness.