How It Works?

Selling Travel Insurance Has Never Been Easier

TMQuotes makes selling Travel Insurance a breeze. Start selling Travel Medical Insurance in just a few steps.

Got your own website? Integrate in a breeze

We make sure the integration process is simple for our partners. Just add a line of code on your current website and start selling Travel Medical Insurance instantly.

Sign up and get a custom web page for FREE

It is free and easy to get started. Once you have signed up for TMQuotes, you'll have access to our state-of-the-art platform to create a custom web page. Our team of experts will guide you through the process, ensuring that you get set up in no time.

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the easy way?

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FAQs

TMQuotes is a technological platform for licensed insurance agents interested in selling international travel medical plans.

It provides a seamless process for agents to:

  • Easily sign up top Travel Insurance companies, instead of going through them individually.
  • Integrate a robust quoting engine either as an Iframe in their existing website, or a hosted site, if they do not have an already existing website.
  • Maintain the changes that the insurance plans go through from time to time.
  • Get ongoing training about insurance plans for the agents.

The sign-up process is easy.

  • You can sign up online and then verify your e-mail.
  • You would receive the partnership contracts from the insurance companies.
  • Once you sign the contracts, the insurance companies also sign the contracts.
  • At this point, you can customize your site, and start selling Travel Medical policies.

Any Health Insurance license holder in any US state can sell the policies online to anyone in the world. However, the Florida Department of Insurance does require these agents also to hold a non-resident license to solicit business to Florida residents.

No, you do not have to pay anything to become a partner with TMQuotes.

We offer an above industry standard commission. The commission amount varies from product to product.

Once you've signed up and become active, you would have access to a sales dashboard that provides real-time data on policies sold daily. It also allows you to view sold policies on a weekly or monthly basis.

You will get compensated directly by the individual insurance companies on a monthly basis.

Currently TMQuotes works with four top companies offering travel medical plans-International Medical Group, Seven Corners, Tokyo Marine HCC Medical Insurance Services and Trawick International, and we are constantly working to add others in the list. If you sign up on TMQuotes, we would work on contracting you with these top companies.

You do not have to do anything to maintain your webpage. TMQuotes will maintain the webpage for you.

Currently, TMQuotes only caters to Licensed Health Insurance agents, based out of the US.

Yes, you would need to provide support directly to your customers. However, if you need any assistance with customer's questions, you can always reach out to us.

If you are already signed up with one or more of the insurance companies and want to move to TMQuotes, you would need to get approval from the insurance company to transfer as our sub-agent. Once you receive the approval, the insurance company will assign you as our sub-producer.

If you are already signed up with another General Managing Agent like TMQuotes and want to move to TMQuotes, you would need to get a written release letter from the existing General Managing Agent. Please send the release letter to us, and we will have the insurance company reassign you as our sub-producer.

The Plans on TMQuotes are available for any international travelers outside their home countries. These include International tourist, international students, Exchange Visitors on J visa, and US Green Card holders coming to USA for short trips.

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the easy way?

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About TMQuotes

TMQuotes is powered by VisitorsCoverage, Inc.,
an industry-leading Insurtech player.

We redefine International Travel Insurance Business.

We disrupted the global travel insurance industry by leveraging technology to redefine the way international travelers purchase and manage travel insurance. Through this technology, licensed agents like you can build your own online International Travel Insurance business and improve the online sales process.

With over a decade of experience, we work with the best global travel insurance companies in the United States.

Contact Us

We'd love to help you scale up your business.

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the easy way?

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New Opportunities: How to Grow Your Insurance Business with Travel Insurance

February 13, 2020

For many, traveling internationally is a huge goal and a large investment, it only stands to reason that travelers want to protect those investments. This opens up an exciting opportunity for those in the insurance business—travel insurance. 

Travel Insurance falls into two main categories, travel medical insurance, which covers health care costs for international travelers while they are abroad, and trip insurance, which covers non-refundable costs like flights and hotels if the traveler is forced to cancel their trip. These forms of insurance can be exciting and lucrative additions to an insurance professional’s portfolio. 

Who Can Sell Travel Insurance?

Most insurance industry professionals are already qualified and licensed to sell travel insurance. If you sell main-stream insurance plans including home, vehicle, health and life insurance, you are likely already certified to sell travel insurance as well. 

If you already have an online presence, selling travel insurance is even easier. Travel insurance can be marketed and sold in person, on the phone, online or a combination of all three. 

Why Travel Insurance?

Unlike other consumer-driven insurance products like life, home and auto insurance which require a lengthy approval process, travel insurance is very transactional and works like many other e-commerce products. A travel insurance policy can be purchased in under five minutes with no need for lengthy paperwork or follow-up. Travel insurance also has much better economic returns, earning brokers up to 10 times as much per policy sold.

Although travel insurance is not new, it is a fast-growing industry that is getting more press and awareness. This is in large part due to the 24-hour news cycle that advertises disasters and makes consumers more aware of the risks of travel. The rise of social media and the decrease of travel costs also ensures that there are more people than ever before embarking on international trips where they will potentially need travel insurance. 

The United Nations World Tourism Organization (UNWTO) estimates that there were 1.4 billion international airplane arrivals 2018. This presents insurance professionals with an unprecedented opportunity. Every time a person travels outside of their home country, there is an opportunity to sell them travel insurance. Together, we can be there to sell them the coverage they need to stay safe.

Why Now?

You may have noticed that in traditional insurance sales, hunting down leads and following up with potential buyers can take up a great amount of time. Also, as digital sales continue to grow, more and more insurance companies are working to sell directly to their customers, rather than go through a third party like a broker. Technology and the digital world are key to maximizing your sales and revenue.

Travel Insurance is unique because a broker can sell it to people anywhere in the world, at any time of the day or night, if they are willing to leverage the power of the internet.  

Furthermore, the rise of social media is making international travel more desirable than ever. When people see pictures of exotic locations, especially places their friends are visiting, they get inspired to take trips of their own. Today, more than 70 percent of people want to travel the world, and travel insurance can help them stay safe while they accomplish their dreams. 

When travelers do not have medical insurance in a foreign country and have an accident, injury or other health emergencies, the financial burden of the care can fall to the host country. As a result, more and more countries are considering making travel insurance a requirement before entering the country. Countries like Russia, the U.S. and E.U. already require proof of travel medical insurance to obtain certain visas and more countries are seriously considering making it mandatory for all visitors. 

How is it Sold?

Today, the people who have the best online presence are the ones who make the most money. Utilizing online platforms, travel insurance can be sold from anywhere to anyone in the world with an internet connection. We are able to help set up websites and online selling platforms that are low-cost but give you a high-presence on the web. 

In most cases, there is no cost for brokers. TMQuotes functions as an MGA (Managing General Agent) and can enable brokers to optimize their revenue by opening up the world of online travel insurance sales. If you are interested in more details, please reach out to us and our agents will be happy to answer all of your questions. 

Want to Learn More?

Does this sound interesting to you? Would you like to know more about selling travel insurance or TMQuotes? Email us at info@tmquotes.com to learn more.