Blink Parametric rolls out flight disruption solution to travel insurance brand

Blink Parametric has revealed that it will roll out its flight disruption solution across Mawdy Ireland’s travel insurance brand InsureandGo.

A statement released today (15 January 2024) said the parametric-powered model will see insureds be offered real-time access to executive airport lounges worldwide or a real-time cash payout alternative when a flight is disrupted by more than three hours.

It will be applicable to InsureandGo single trip and annual multi-trip travel insurance customers who purchase either a platinum or gold policy. 

Sid Mouncey, chief executive of Blink Parametric, said: ”Together with the InsureandGo and Mawdy Ireland teams, we are celebrating that we are now live with a real-time digital flight disruption solution tailored to their specific brand and market.

”I’m delighted that from today we have uniquely added to the extensive insurance support services available to the InsureandGo Ireland customer base in their time of need worldwide.” 

Partnership

The deal comes as part of Blink Parametric’s partnership with Mawdy Ireland, which was announced in October 2023.

The partnership sees the insurtech explore parametric travel insurance solutions across the global Mawdy assistance product portfolio.

Parametric insurance is where the trigger and claims payout are preset, meaning claims processing time is reduced.

Declan Murphy, head of commercial at Mawdy Ireland, said: “This is the first quarter since our agreement with Blink Parametric last October and we mark it with the early completion of our first brand to embed real-time flight delay services.

”With the success of this integration, we are delivering on our customer care, product innovation and commercial commitments and are set to build further on these, starting immediately with the next phase of implementation across our range of travel insurance products and partner brands in line with our strategy for 2024 and beyond.”