InsurTech Spotlight: Blink

Blink

Company: Blink

Website: blinkblink.io

Business Category: A technology provider of InsurTech tools to insurance practitioners

Maturity Status: Startup (less than 3 years since product went into production)

Product or Service: Blink Travel

Area: Property & Casualty Insurance

Business description:

Blink designs data-driven travel disruption insurance solutions and parametric insurance product innovation, transforming clients’ complex offerings into superior service experiences with simple, intuitive, online products in sectors such as Travel, Climate, Energy and IoT.

What makes us an InsurTech:

Blink offers an innovative real-time data driven travel disruption solution. Once a traveller registers their flight details, Blink monitors that flight in real-time. Any flight disruption that occurs to the registered flight, automatically results in a traveller being notified instantly. Real-time event notification allows for real-time problem resolution!

Once a disruption occurs, the traveller is immediately offered service choices that can instantly remove the stress and consequences of the disruption. These may range from offering an airport lounge, offering cash which is immediately deposited into the travellers’ bank account, through to booking and paying for a hotel whilst also booking a new flight. This game-changing real-time flight disruption insurance solution enables the traveller to take direct control of how to manage the disruption!

Blink also designs innovative solutions for its global insurance partners through its transformative parametric insurance platform covering climate, energy, utilities as well as travel risks.

This is insurtech at its best – uniquely delighting customers with real value, saving time and stress, providing assistance through a simple, seamless solution with the speed and convenience they demand. This is a multi-user, multi-lingual platform and 100% automated.

Major features & technology used:

Blink is at the cutting-edge of pioneering tech innovation within the insurtech sector. Blink uses Cloud based, microservices and globally scalable technical architecture driven by an innovative API systems platform allowing for complex architecture to be filtered into simple processes, that are agile, adaptable and fully customised. Blink’s full set of API’s integrate with all partner digital properties.

News & Updates

See the latest Blink news.

About Blink

Blink is based in Cork, Ireland and led by Paul Prendergast, CEO. With Peter Bermingham, CTO he co-founded Blink in 2016 and delivered the first real-time resolution flight cancellation insurance product and went ‘live’ in April 2017. Peter is an established thought leader in the design and delivery of transformative technology. Blink has partnered with Munich Re Digital Partners and was the only Insurtech as part of the first cohort of the FCA’s sandbox ‘safeplace to innovate’ programme. Six months after it was founded, Blink was sold to AIM (UK) listed CPP Group.

Blink made THEINSURTECH100 for 2019, an annual list of the world’s most innovative InsurTech companies and has experienced significant growth over the last 24 months, with insurance partners including Blue Cross, Manulife and TuGo and travel organisations throughout Europe, Asia and North America.

The Blink team includes world-class software developers, tech architecture design specialists and experts in business systems integration, with a blend of more than 30 years’ experience. Together they demonstrate tremendous creativity, passion and commitment through their pursuit of agile, innovative parametric Insurtech solutions that deliver transformative results for their partners. This team not only delivers on partner goals but takes care to articulate and deliver on a superior service experience for their clients. For more information, visit www.blinkblink.io.

To view the Blink Travel solution, visit www.blinkblink.io/about

Source: Blink

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