PassportCard Acquires Embedded Travel Insurance Platform Pattern
PassportCard, a leader in travel and health insurance innovation, has acquired Pattern, a U.S. and Israel-based embedded insurance technology platform. Pattern's API-driven system integrates embedded insurance products into booking and registration processes, enhancing partner customization, real-time risk assessment, and regulatory compliance.
This strategic acquisition enhances PassportCard's technology capabilities and accelerates its embedded insurance offerings across global travel and digital channels. Founded in 2020, Pattern has served clients across the U.S., Europe, and the Middle East, and will continue expanding under PassportCard Labs, PassportCard's technology division.
This move aligns with PassportCard's commitment to leveraging advanced technology to innovate insurance delivery and improve customer experience, positioning the combined entity to broaden the scope and efficiency of embedded insurance solutions globally.