Mondial Assistance and Air France sign an exclusive international agreement for the distribution of travel insurance and assistance products

Mondial Assistance and Air France sign an exclusive international agreement for the distribution of travel insurance and assistance products

Air France extends the Mondial Assistance offer to its entire international distribution channel network (Air France agents, airport counters, long-distance sales, internet sites…).

Air France extends the Mondial Assistance offer to its entire international distribution channel network (Air France agents, airport counters, long-distance sales, internet sites…).

Paris, 17 April 2009: Air France’s internet site in France has been selling Mondial Assistance travel assistance and insurance contracts since July 1st, 2006. This partnership has been so successful that the airline decided to expand it internationally. Today the offer extends to Germany; soon it will be deployed in the other main European countries. It will also be enlarged to cover North America and the Asia Pacific region sometime in 2009. Mondial Assistance offers Air France customers a range of products that include everything from travel cancellation insurance to the most comprehensive multi-risk contracts, which cover repatriation, medical costs incurred abroad, or lost or damaged luggage. Customers have the option to purchase these products at the time they purchase their airline tickets.

« Thanks to this new partnership and to our international network alliance, Air France has reinforced the quality of the travel services it offers to each of its customers,” declares Patrick Roux, Marketing Director for Air France – KLM.

« Fully aligned with a policy of quality, trust and customer service, Air France is offering these contracts at very attractive set rates, calculated according to the value of the airline ticket. Therefore, for example, flight cancellation/ missed flight insurance for a 300€ airplane ticket would be offered at only 12€, » notes Vincent Barbier, Acting Managing Director for Mondial Assistance France.

e-Magin: Mondial Assistance’s Internet Platform serving Air France

e-MAGIN is an information and communications tool designed by the Mondial Assistance Group. It enables flexible and homogenous integration of travel insurance sales realised in travel agencies and via different distribution channels at an international level. The e-MAGIN platform received more than 300 million requests in 2005 with an availability rate of 99.91% in 17 countries. Fully secured and administered by Mondial Assistance teams, e-MAGIN relieves Air France of any and all contract management.

« The conclusion of this partnership agreement once again demonstrates that Mondial Assistance is able to design products that are adapted to the needs and expectations of its B2B customers and to accompany them in their ambition to develop internationally with a technological platform that is unique on the market,» declares Erick Morazin, International Sales Director for the Mondial Assistance Group.

Mondial Assistance Group: an intervention every 3 seconds around the world.

International leader in Assistance, Travel Insurance and Personal Services, today the Mondial Assistance Group counts more than 8,550 employees who speak 40 different languages and work throughout the world with a network of 400,000 service providers and 180 correspondents. 250 million people, or 4% of the world’s total population, benefit from its services, which the Group provides on all five continents. The Mondial Assistance Group is a member of the Allianz Group.

Cautionary Note Regarding Forward-Looking Statements:
Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words ‘may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue’ and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group's core business and core markets, (ii) performance of financial markets, including emerging markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults (vii) interest rate levels, (viii) currency exchange rates including the Euro-U.S. Dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. No duty to update. The company assumes no obligation to update any information contained herein.

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