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

Wednesday, September 18, 2024

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.

The company’s revenue is expected to double again in its third year, with further travel-related products set to launch in 2025.

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

Stamford, UK – TMU Management, the travel industry’s data-driven insurance intermediary, has reported a revenue increase of over 250% in its second year, as the company continues its mission to safeguard the travel value chain.

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.

Sami Doyle, CEO of TMU Management, said: “In just two years, we’ve demonstrated the power of data-driven risk management in transforming how industries like travel are perceived by insurers.

Our clients, especially in the travel space, have faced significant hurdles in recent years, and it’s time the insurance industry steps up to offer the protection and consistency they deserve.

We’re proud to be leading this paradigm shift through technological solutions and are eager to continue pushing forward with new innovations and growth opportunities.”

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.

TMU’s proprietary technology integrates seamlessly with policyholders and insurance markets, using real-time data and analytics to support accurate, data-driven risk decisions.

With its constantly evolving reporting capabilities, the company can access live data on individual businesses – irrespective of the macro environment – and offer bespoke products that provide comfort to insurers.

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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