🇬🇧 English
🇪🇸 Español
🇩🇪 Deutsch
🇵🇹 Português
🇮🇹 Italiano
First loyalty currency protection — worldwide

Your miles
deserve real
protection

Airlines and hotels can cut the value of your points overnight. No warning. No compensation. No recourse. Until now.

Join the waitlist
My loyalty portfolio Protected
$24,850
Total notional value · 4 programs
United MileagePlus
$9,230↓ 3.2%
Delta SkyMiles
$7,200↓ 1.8%
Marriott Bonvoy
$5,680↓ 2.4%
World of Hyatt
$2,740↑ 0.1%
Maximum protection active · no deductible Active
30T

Unredeemed airline miles globally (McKinsey) — worth hundreds of billions, with zero protection

1B+

Loyalty program members worldwide who cannot hedge against devaluation

11×

Major program devaluations in 2025 alone — the trend is accelerating

Today's loyalty currency valuations

A monthly benchmark independently calculated by MileProtection across 18 major programs. Updated on the 1st of each month and used as the reference trigger for all protection contracts.

ProgramTypeValue per point 30-day changeTrend (90d)Risk level
United MileagePlus
Airline1.42¢↓ 3.2%↓ DecliningElevated
Delta SkyMiles
Airline1.20¢↓ 1.8%↓ DecliningModerate
AA AAdvantage
Airline1.51¢↑ 0.4%→ StableLow
Air Canada Aeroplan
Airline1.35¢↑ 0.2%→ StableLow
Avianca LifeMiles
Airline1.10¢↓ 2.1%↓ DecliningElevated
Avios BA · Iberia · Qatar · Finnair
Airline1.31¢↓ 5.1%↓ DecliningElevated
Miles & More LH · Swiss · Austrian…
Airline1.38¢↑ 0.2%→ StableLow
Flying Blue Air France · KLM
Airline1.10¢↓ 2.9%↓ DecliningModerate
Aegean Miles+Bonus
Airline1.05¢↑ 0.1%→ StableLow
Qantas Frequent Flyer
Airline1.40¢↓ 1.4%↓ DecliningModerate
Singapore KrisFlyer
Airline1.35¢↓ 2.2%↓ DecliningModerate
Cathay Asia Miles
Airline1.28¢↓ 3.8%↓ DecliningElevated
Turkish Miles&Smiles
Airline1.15¢↑ 0.3%→ StableLow
Etihad Guest
Airline1.20¢↓ 1.6%→ StableModerate
ANA Mileage Club
Airline1.50¢↑ 0.1%→ StableLow
JAL Mileage Bank
Airline1.45¢↑ 0.2%→ StableLow
Marriott Bonvoy
Hotel0.71¢↓ 2.4%↓ DecliningElevated
Hilton Honors
Hotel0.55¢↓ 1.1%↓ DecliningModerate
World of Hyatt
Hotel1.70¢↑ 0.1%→ StableLow
IHG One Rewards
Hotel0.50¢↓ 3.8%↓ DecliningElevated

MP Index values are calculated independently by MileProtection using a proprietary multi-source methodology. Updated on the 1st of each month. Full methodology available to investors under NDA.

Simple as home insurance.
Pioneering as oil futures.

We applied proven financial instruments to a $300 billion market that has never had protection. No claims adjusters. No arguments. Automatic.

01
📋

Register your balances

Enter your airline and hotel loyalty balances — however you earned them. We calculate your total notional value using the current MP Index.

02
🛡️

Choose your protection level

Select Maximum, Standard, or Basic. Like choosing a deductible on car insurance — each tier has a clear threshold and annual premium.

03
⚡

Automatic payout if triggered

If the MP Index for your program drops past your threshold, payout is calculated and transferred within 48 hours. No claims. No phone calls.

Choose your coverage

Like car insurance — the lower your deductible, the higher your premium. All plans cover airline miles and hotel points combined.

Maximum Protection
Maximum
Triggers on any devaluation
No deductible
$400/yr
on 500k miles · 8% of notional

  • Full loss covered from the first dollar of devaluation
  • Payout within 48 hours of trigger confirmation
  • Devaluation risk alerts included
Join waitlist
Basic Protection
Basic
Triggers at 50%+ devaluation
50% deductible
$75/yr
on 500k miles · 1% of notional

  • Catastrophic protection — program near-collapse scenarios
  • Payout within 48 hours of trigger confirmation
  • Lowest annual premium
Join waitlist
Systemic event clause
If three or more programs devalue simultaneously within 90 days, payouts are reduced by 50%. Protects the pool against correlated market-wide events.
Airline collapse exclusion
MileProtection does not cover loss of value resulting from bankruptcy, insolvency, or cessation of operations of any loyalty program operator.
Post-event stabilisation
Following a payout, coverage resets to post-event notional value. Members cancelling within 90 days of a trigger event are subject to a stabilisation fee.

All plans cover combined airline and hotel loyalty balances. Premiums are indicative and subject to final actuarial review at launch. Contracts activate 30 days after enrollment. One payout event per program per year maximum.

Earn uncorrelated yield by backing protection

Sophisticated investors back the protection pool through a dedicated SPV. Loyalty currency devaluation risk has zero correlation to equities, rates, or credit — making this a genuinely uncorrelated addition to any institutional portfolio.

The pool is backed by strong risk controls: 18 programs across airlines and hotels, geographic diversification, per-program exposure caps, and contractual protections against systemic and extraordinary events.

Participation limited to qualified investors. Minimum commitment $250,000. 24-month lock-up. Interested? Contact us directly.

Target annual return
3–7%
Uncorrelated to public markets. Backed by premium income across all protection tiers.
Programs covered18 airline & hotel
Trigger typeParametric — automatic
Claims adjustmentNone — index-based
Lock-up24 months
Minimum commitment$250,000
StructureDedicated SPV

It's been done before — in other markets

Every major financial innovation looked impossible until someone built the infrastructure to price, transfer, and trade the risk.

1983 — NYMEX
Oil futures
Created standardised price discovery for crude oil. The index came first, risk transfer followed. Multi-trillion dollar market from nothing.
1990s — Lloyd's
Catastrophe bonds
Parametric triggers, automatic payouts, no claims adjustment. Investors earn yield bearing hurricane risk. Identical structure to MileProtection.
1997 — Enron / Koch
Weather derivatives
Created a $4B market for temperature risk. First deals were bilateral OTC contracts — no exchange needed to start.
1985 — Baltic Exchange
Freight index
Published a shipping rate benchmark. Futures and derivatives followed. The index is always the foundation of a new financial market.
2000s — Life settlements
Tradeable insurance
Made life insurance policies into investable assets. $50B market from instruments previously considered illiquid and personal.
2000 — Betfair
The exchange model
Never took risk. Matched participants, charged 2–5% on every transaction. Profitable from day one. Our exact model.

Be first when we launch

Join frequent travelers and sophisticated investors on the waitlist. Tell us about your miles and we'll send you a personalised protection estimate.

Protect my miles →
5 minto complete
18programs covered
Freeto join
MileProtection is not an insurance company. Protection contracts are structured parametric financial instruments. This website is for informational purposes only and does not constitute an offer of insurance or investment products. Backer participation limited to qualified investors. MileProtection has no affiliation with any airline or hotel loyalty program. All valuations are indicative.