’We look forward to enhancing their travel insurance product offering,’ says chief commercial officer
Insurtech Blink Parametric and Irish insurance provider Getcover.com have teamed up to launch a bespoke suite of travel insurance products.
The products will use real time parametric flight delay solutions for travel insurance policyholders.
Getcover.com, which is a trading name of Newpoint Insurance Brokers, will also be the first partner to access Blink Parametric’s technology via Firemelon’s Magenta Insurance System.
This is underwritten by specialist insurer Financial and Legal Insurance Company (F&L).
Carl Carter, chief commercial officer of Blink Parametric, said: “Getcover.com is a genuine pioneer of online direct to consumer travel insurance, leading the way with innovative, accessible insurance cover and benefit solutions.
“We are honoured to work with the team as they differentiate their travel insurance proposition within the hyper-competitive UK travel insurance market by providing a real-time flight delay service delivering a cash payment or an airport lounge pass in a traveller’s time of need.
”We look forward to enhancing their travel insurance product offering and customer service delivery with immediate effect.”
How it works
The parametric flight disruption solution requires an eligible traveller to register their flight details prior to travel –Blink Parametric then monitors the flights in real-time.
A flight delay that occurs to the registered flight automatically results in a traveller being notified.
Getcover.com customers registered for single or multi-trips will be offered choices should a delay occur, such airport lounge access if a flight is delayed by two hours or more, or a £30 cash payout per traveller, which is directly deposited into their bank account.
Julian Triggs, head of travel partner development at Newpoint Insurance Brokers, said that the partnership with Blink Parametric “represents another significant step for Getcover.com as we steadily expand our outstanding portfolio to now include intuitive, real-time travel assistance products”.
“We pride ourselves on offering simple to understand, value for money travel insurance so that our customers can travel worldwide with peace of mind,” Triggs added.
”Blink Parametric ticked every box for us, being easy to work with and delivering a powerful, real-time customer experience that is uniquely personalised and immediately beneficial, right when our customers need assistance.”