Travel insurtech Blink has announced the launch of a platform designed to offer a range of parametric insurance solutions.
Blink Parametric’s platform-based solutions span the travel, climate, energy and IoT sectors.
Blink Travel offers customers a real-time insurance service with real-time compensation options for issues like flight delays or cancellation.
Blink Climate is a metric-based insurance solution adaptable to risk factors including climate change, extreme weather and natural disasters.
Blink Energy & IOT is a parametric insurance technology solution adaptable to such risk factors associated with domestic appliance and industrial-led IoT.
Paul Prendergast, Chief Executive Officer of Blink, said, “Our business development and integration teams have been stellar, and we are really fortunate that our reputation has helped open doors for us along the way with insurance companies that are ready to introduce a step-change to their business and customer relationships.”
“Our commercial strategy has been to enable our insurance partners to innovate and to collaborate with them to build new experiences for their customers.
“We are agile and expert and have the capacity to have an insurance solution implemented within a 12-week timeframe. The industry feedback has been overwhelming.”
