Felloh’s exposure analysis feature tracks the exposure of untravelled bookings, helping travel businesses monitor risk related to payments received for bookings where customers haven’t yet travelled.
When you set up a booking in Felloh, departure and return dates are recorded to track the exposure of untravelled bookings. This is important for travel businesses because payments on untravelled bookings represent risk for bond providers, insurers, and merchant acquirers. By adding more detailed data, such as package type, supplier data, and payment schedules, businesses can reduce their exposure and mitigate risk.
Travel businesses often deal with deferred fulfilment, meaning payments are received long before the customer travels. Felloh’s exposure analysis helps track these untravelled bookings and the associated risk
The insurance is based on real-time booking data, helping build trust between your business and insurers, ensuring that your business is accurately protected
Providing detailed exposure data enables risk teams and underwriters to offer better pricing and products tailored to your business’s risk level
The consultations on ATOL and package travel regulations have been ongoing for years and without clear direction on what changes will come, travel businesses have a weight of uncertainty on how this might impact their business. At the ABTA's Travel Law Seminar, Paula Macfarlane, Senior Solicitor at ABTA shared that the CAA are showing a preference towards segregation of funds or evidence of appropriate use of the client funds. This segregation could take many forms and may be rewarded through the variable APC depending on the level of protection.
Caroline Rennie
CPO