PassportCard Australia will soon resume travel insurance sales, more than two years after the business was placed in “hibernation” in response to the pandemic.

CEO Peter Klemt says the broker-focused travel insurer will start with leisure travel products, followed by corporate offerings early next year.

In preparation for the sales restart PassportCard, formerly known as TravelCard, sealed a long-term underwriting agreement with Guild Insurance. Before the hibernation, its policies were underwritten by Hollard.

“We are delighted to be working with Guild Insurance, a highly regarded specialist insurer with a dominant market share in the allied health space,” Mr Klemt said.

“Our long-term agreement with Guild enables us to get on with revolutionising travel insurance in the Australian market.”

As reported in February, the insurer entered exclusive negotiations for an underwriting arrangement with Guild Insurance as part of preparations for its return to the Australian market.

PassportCard will continue with its broker-focused distribution strategy and is also looking at other channels including direct sales, Mr Klemt told insuranceNEWS.com.au previously.

The change in trading name was introduced a month ago to align the business with its Israeli parent company, PassportCard.com.