- Gigasure app offers travellers Blink Flight Disruption and Lost Luggage protection as part of its GigaShield benefits package
- Policies will be underwritten by global insurer and reinsurer SiriusPoint, which has a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s
Cork, Ireland (Aug. 19, 2024) – Blink Parametric is pleased to announce its partnership with Gigasure, enabling travellers to access Blink Parametric’s travel assistance products through an app for the first time, simplifying access to real-time benefits. Gigasure policies are underwritten by SiriusPoint, with claims and assistance services being provided by IMG, a global insurance and assistance services company and subsidiary of SiriusPoint.
Gigasure is a newly launched travel insurance provider that puts customers at the heart of insurance, offering travellers the ability to fully customise their policy based on specific needs and budget requirements. Through its cutting-edge app, policyholders can access the GigaShield Flight and Luggage Delay benefits powered by Blink Parametric, which offers real-time flight and baggage delay support.
Through the Gigasure app, the Flight Delay benefit automatically activates when a policyholder’s registered flight is delayed by 3 hours or more, offering a choice between access to one of over 1,300 executive airport lounges worldwide or a real-time cash payout. The Blink Lost Luggage solution provides a one-time payment directly to the insured traveller once a luggage delay is confirmed, covering any necessary expenses while the luggage is being located.
Both Blink Parametric benefits are data-led and automated through the Gigasure app to deliver an enhanced customer experience, offering real-time assistance options to help alleviate the stress and inconvenience caused by delays.
Ernesto Suarez, CEO, Gigasure commented: “Gigasure is here to make insurance simpler, more personalised, and accessible for travellers, empowering them like never before. By offering innovative solutions like Blink Flight Disruption and Lost Luggage protection, we deliver added value and peace of mind in an unpredictable world. When we designed Gigasure, our goal was to provide an experience, not just an insurance policy that gets bought and forgotten. We were inspired by Blink Parametric’s innovation, which is at the forefront of insurtech and traveltech evolution, just like us. We’re excited to collaborate and bring these unique benefits to market through an app for the first time and look forward to supporting our customers together.”
Sid Mouncey, Chief Executive Officer of Blink Parametric, acknowledged the partnership for supporting ongoing growth in the UK market, “Our Flight Disruption and Lost Luggage solutions fit perfectly into the Gigasure online product portfolio. Backed by SiriusPoint – long-standing specialists in providing international health and expatriate medical insurance, this is another progressive, innovative move within the UK market that we’re delighted to support.”
Blink Parametric travel solutions are designed to deliver operational efficiency on processing high frequency, low value travel insurance claims when the traveller needs immediate real-time claim resolution.
- Learn more about Blink in the InsurTech Spotlight.
About Blink Parametric
Blink Parametric is a multi-award-winning global InsurTech that transforms its clients’ traditional insurance offerings into superior service experiences with simple, intuitive and transparent parametric products. Its platform serves as the conduit for high frequency, low value claims across Travel, with flight disruption and lost luggage solutions as well as developing solutions within the business interruption sector and online personal data monitoring and cyber solutions. It partners globally with insurance and financial services companies in Asia, Europe, North America and Central and Latin America.
Blink Parametric was founded in 2016, became the first Insurtech in the FCA (UK) Sandbox programme and made TheINSURTECH100 (2019, 2020, 2022), an annual list of the worlds’ most innovative InsurTech companies. Selected for Cohort 5 of the prestigious Lloyd’s Lab innovation accelerator programme in 2020, it has subsequently won multiple UK and European-wide industry awards for Service, Technology, Customer Experience, Best App, Claims Innovation and Cyber Risk, including Outstanding Industry Contribution of the Year at the 2022 ITIJ: International Travel & Health Insurance Journal Awards. For more information, visit blinkparametric.com.
About Gigasure
Gigasure is an innovative insurtech platform that elevates the insurance experience by putting customers at the heart of its service through a cutting-edge app. Offering Travel, Backpackers, and Car Hire Excess insurance, Gigasure allows customers to tailor their cover by adding or removing benefits to match their specific needs and budgets.
With the Gigasure app, customers can easily manage, purchase, customise, and boost their policies. By combining flexibility, simplicity, and cutting-edge technology, Gigasure is setting a new standard in personalised insurance solutions, fostering customer loyalty through continuous support and an enhanced user experience.
Gigasure is a member of Insurtech UK, a government trade association, the influential voice of insurtechs in the insurance sector. For more information, visit https://gigasure.com.
Gigasure® and GigaShield® are registered trademarks. Gigasure.com is a trading name of Gigasure Services Limited. Company No. 15019007. Its registered office address is 1st Floor, 239 Kensington High Street, London, W8 6SN. Gigasure Services Limited is authorised and regulated by the Financial Conduct Authority (FCA), Register No.1005421.
About IMG® (International Medical Group®)
IMG® (International Medical Group®), a SiriusPoint company, is an award-winning global insurance benefits and assistance services company that has served millions of members worldwide since its founding in 1990. The preeminent provider of travel and health safety solutions, IMG offers a wide range of insurance programs, including international private medical insurance, travel medical insurance, and travel insurance, as well as enterprise services, including insurance administrative services and 24/7 emergency medical, security, and travel assistance. IMG’s world-class services, combined with an extensive product portfolio, provide Global Peace of Mind® for travelers, students, missionaries, marine crews, and other individuals or groups traveling, working, or living away from home. For more information, please visit www.imglobal.com.
About SiriusPoint
SiriusPoint (NYSE: SPNT) is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With over $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s. For more information, visit www.siriuspt.com.
SOURCE: Blink Innovation via Fuller Marketing
Tags: Blink Innovation, InsurTech, InsurTech Spotlight, launch, travel
