BlinkParametric.com adds Blink Luggage to Travel Insurance Platform as it expands real-time insurance solutions in readiness for a post-COVID-19 world
Cork, Ireland (Apr. 14, 2020) – 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.
“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,” said Paul Prendergast, CEO of Blink, speaking of the launch.
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.
“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,” Mr. Prendergast explained. “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.”
- Learn more: Blink Luggage (PDF)
Paul Prendergast (CEO) and Peter Bermingham (CTO) founded Blink in 2016, to build data-driven travel disruption insurance solutions and was one of the first InsurTech start-ups to focus on travel insurance. It was also the first InsurTech in the FCA (UK) Sandbox programme, and was one of the early partnerships of Munich Re Digital Partners, the Digital Innovation arm of global Reinsurer Munich Re. Based in Cork, the company was acquired by CPP Group (AIM CPP) in March 2017, one of the early InsurTech acquisitions globally. Since then Blink has expanded its services platform to become a world leader in parametric insurance product innovation, transforming its clients’ complex offerings into superior service experiences with simple, intuitive, online products in sectors such as Travel; Luggage, Climate, Energy and IoT. Named in TheINSURTECH100 for 2019, an annual list of the worlds’ most innovative InsurTech companies, Blink partners globally with insurance and financial services companies driving innovation in Asia, Australia, Europe and North America. For more information, visit blinkparametric.com.
The Blink Innovation team includes world-class software developers, tech architecture design specialists and experts in business processes, with a blend of more than 30 years’ experience. Together they demonstrate tremendous creativity, passion and commitment through the pursuit of agile, innovative parametric InsurTech solutions. Blink Innovation excel in effective project management, best-practice collaboration and integration to ensure the successful launch of transformative, compliant parametric insurance solutions. The team not only delivers on partner goals but takes care to articulate and deliver on a superior service experience for clients. For more information, visit blinkblink.io.
- Learn more about Blink in the InsurTech Spotlight.
About CPP Group
CPP Group is a partner-focused, global product and services company, specializing in the financial services and insurance markets. We use our local knowledge from 12 country markets within Asia, Europe and Central America to provide our business partners with technology-led product, marketing and distribution expertise that deliver commercial benefits and bring meaningful solutions to over 10 million end customers worldwide.
CPP’s diverse range of insurance and assistance products can be designed to suit the bespoke needs of our business partners through providing their customers with peace of mind by reducing the stresses of everyday life, ranging from protection of mobile phones, payment cards and household belongings to keeping travel plans moving and the monitoring of compromised personal data.
For more information, visit international.cppgroup.com.
SOURCE: Blink Innovation via Fuller MarketingTags: Blink Innovation, InsurTech Spotlight, launch