Tag: #blink

Blink Parametric Strengthens Blue Cross Partnership in Canada

Blink Parametric has agreed to a further three-year deal with Blue Cross, Canada’s most trusted insurance provider. Blue Cross was first to launch the Blink Parametric flight disruption real-time assistance solution in the Canadian market in October 2018. The solution is now offered by Blue Cross in eight Canadian provinces, including Ontario, Québec, Alberta, Saskatchewan, Nova Scotia, New Brunswick, Newfoundland & Labrador, and Prince Edward Island.

This extended, three-year agreement holds particular significance for the Ireland-based InsurTech. Blink Parametric CEO, Sid Mouncey, commenting on the deal said, “Blue Cross backed us right out of the gate in 2018, and was the first brand in Canada to use our innovative platform to assist insured travellers experiencing flight delays or cancellations. Their decision was prescient back then, ahead of the unprecedented global travel turmoil that was to follow. This agreement speaks volumes for the strength of our long-term collaboration and growth over the past five years. I’m proud of the great teamwork and look forward to the next chapter of serving the Canadian market.”

The Blink Parametric flight disruption solution simply requires a customer to register their flight details prior to travel. Blink Parametric then monitors the flight(s) in real-time. If a delay or cancellation occurs on the flight schedule, in line with policy terms, the traveller is automatically notified and offered instant choices. These can include cash pay-outs, lounge access or more to help alleviate the stress and consequences of the delay.

“Our teams ensure that our policy holders enjoy travelling with confidence and peace of mind, whether they are exploring Canada or the world,” said Tim Bishop, Managing Director, Blue Cross of Canada. “Millions of Canadians trust that the travel coverage we offer delivers the assistance they need and we are excited to continue our successful partnership.”

This collaboration is between Blue Cross and Blink Parametric with support from Red Consulting, one of Canada’s leading travel consulting companies.

Blink launches Blink Luggage parametric insurance solution. #Insurtech #Travel #BlinkLuggage

An Irish Insurtech looks to the horizon as it launches Blink Luggage, building the next generation of Travel Insurance services in a changed world. The launch comes as Blink works with its Travel Insurance partners on developing post-COVID-19 Travel Insurance solutions.

Speaking of the launch, Paul Prendergast, CEO of Blink, “Although Travel is very tough right now and everyone is dealing with personal and business difficulties, we are bullish and continue to invest to allow our partners to innovate at speed.”

Blink Luggage:

–          offers travellers an immediate pay-out if luggage is delayed and offers service options ranging from lounge access to care benefits based on the travellers outbound/inbound transit status,

–          after 4 days, if it is officially confirmed that luggage is deemed lost, travellers receive an additional immediate pay-out.

Blink Luggage cover does not impact on any separate valid claims on any Airline Luggage Policy.

Mr. Prendergast explained,

“With the COVID-19 pandemic triggering a massive influx of claims across the Travel sector worldwide, we face a major turning point opportunity for the travel insurance industry. Claims processing delays and system inertia are the ultimate proof that a major shift in how claims are paid is now critically important for the long-term future of the sector. We are working with our partners to deliver parametric solutions to address these challenges efficiently as Blink can process more than 60,000 claims per hour and today’s consumers demand and expect immediate remedy which we can deliver”.