IAG Loyalty, which manages the loyalty programme Avios, has teamed up with digital insurance services provider Open to launch a new travel insurance product called Wanda by Avios. Built on Open’s technology platform, the new product offers policyholders up to 70% of their money back if they cancel within 48 hours, including for traditionally uncovered reasons such as a change of plan.

The product is available to all UK residents and offers cover on a single or multi trip basis.

Veronica Vicars, chief growth officer at IAG Loyalty, said: “This isn’t just insurance, this is smarter, more flexible protection built for modern travel. Whether you’re an Avios collector or simply want cover that works harder for you, Wanda by Avios sets a new benchmark”

Jason Wilby, co-CEO of Open, added: “This product isn’t just about Avios. It’s about giving all travellers more value, more flexibility, and more confidence when they travel. Wanda is designed for the realities of modern travel - where plans change and delays happen; travellers want their insurance to respond in the moment.”