InsurTech Blink Parametric has expanded its partnership with AwayCare, a Managing General Agent (MGA) providing travel insurance products in Canada, to launch in the US.
Blink was founded in 2016, a Parametric as a Service (PAAS) InsurTech, focused on a flight disruption travel insurance solution to prove its parametric platform. Benefits can include complimentary airport lounge access, hotel rebooking options and instant payment when the insured’s flight is delayed, all done via the traveller’s smartphone.
The three-year deal with AwayCare, who led the initiative to provide Blink’s Flight Delay service to US-based Travel Insured International (TII), will bring a flight disruption solution to US travellers worldwide.
TII will make the AwayCare Flight Delay service, managed by Blink Parametric, available within select plans in the United States.
Once a traveller registers their flight details, Blink Parametric monitors that flight in real-time. If a flight delay occurs in connection with a traveller’s registered flight, this service automatically results in the traveller being notified and covered benefits being offered within their plan’s terms.
Blink Parametric partners with insurers and travel organisations throughout the UK, Europe, Asia, North America and Central and Latin America. This partnership resulted from collaboration between AwayCare, Blink Parametric and Red Consulting, a travel insurance and medical assistance consulting company.
Carl Carter, chief commercial officer at Blink Parametric said, “This represents Blink Parametric’s first official launch of our flight disruption solution within the US market. To be making this step with our valued partner AwayCare speaks volumes to the strength of our collaboration over the past 12 months.”
Ryan Beaulieu, president, AwayCare, added, “Our rollout of the Blink Parametric powered flight disruption solution was both timely and directly relevant to our travel insurance client base. The Blink Parametric flight disruption service has certainly earned its place with AwayCare.”
Last year, Blink Parametric expanded its real-time flight disruption service through an agreement with Saskatchewan Blue Cross (Saskatoon) to enhance travel insurance coverage for traveling Canadians.
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