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Default Insurance Policy (DIP) for IATA agents

June 15, 2015 Insurance No Comments Print Print Email Email

The Australian Federation of Travel Agents today welcomes the announcement that International Passenger Protection (IPP) will be the Default Insurance Policy (DIP) the for the IATA BSP & CASS agents in Australia.

“AFTA has a long history with Gow-Gates Insurance Brokers and an excellent working history with IPP. Together these two organisations know the Australian travel industry and this is an important part of any provider in the IATA DIP market,” said AFTA Chief Executive Jayson Westbury.

“IPP have been long time supporters of Australian travel agents and this announcement will ensure agents have appropriate access to DIP should it be needed for IATA accreditation,” said Westbury.

“Gow-Gates have impeccable credentials when it comes to looking after travel agents and I am sure that those IATA agents who seek assistance from Gow-Gates for their DIP will be very pleased with the service they receive,” Westbury added.

According to a recent release by Gow-Gates, DIP was pioneered by IPP in the early 90’s as a ‘better’ alternative to traditional bank guarantees for agents and airlines. Today, IPP is the oldest and largest provider of DIP globally to IATA and provides agents with a competitive solution which does not tie up an agent’s cash or assets.

Agents, whose current CBL policies expire or require replacement insurance coverage, will be required to renew through IPP. IATA will be sending individual notices to all agents regarding the change of DIP provider along with specific instructions as it relates to the changeover.

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