Blink Parametric launches parametric travel InsurTech solutions with Heymondo
- Blink Flight Disruption solution will be offered in Spain with immediate effect
- Travel assistance cover to be underwritten by global insurance, reinsurance and services company – MAWDY
Cork, Ireland (July 25, 2024) – Blink Parametric has launched its Flight Disruption assistance solution with the travel insurance specialist Heymondo. MAWDY, a global insurance, reinsurance and services company and part of the MAPFRE Group, will underwrite the coverage.
Today’s launch with Heymondo in Spain will initially serve the company’s domestic market with the Blink Flight Disruption solution now available on Single Trip policies as an optional extra product. When a two-hour flight delay occurs to a policy-holder’s registered flight, they will be offered a choice of free access to one of 1,300+ executive airport lounges worldwide or a real-time cash payout alternative of €50 euro. Blink Parametric’s real-time assistance service integrated with the Heymondo mobile app to facilitate a seamless customer experience and ease of access to push notifications for flight delay benefits.
Perry McShane, Director of Strategic Accounts, Blink Parametric, “Heymondo’s mission is to make travel insurance easy. Working together, we have combined market expertise with the latest technology to deliver a real-time assistance solution that assures customers they’re in expert hands when they need help. This is our first launch with the Heymondo team and represents an exciting progression in our ongoing collaboration with MAWDY. It’s a partnership we aim to build on.”
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.
Commenting on the launch Carlos Perelló, Chief Growth Officer, Heymondo said, “We commit to being by our customers’ side when they need it. It’s part of the reason why the most demanding travellers recommend us and we’re proud of that. Blink Flight Disruption facilitates automated real-time benefits and a smooth claims experience, boosting our ability to continue to offer the best products, coverage, and services at the best value to our customers. We look forward to exploring the future potential for expanding our usage of parametric travel solutions. ”
Speaking of the partnership, Zigor Díez Gamboa, Global Head of Travel Segment, MAWDY said, “Technology is key to our strategy at MAWDY and plays a central role in our ability to constantly differentiate and innovate. The assistance sector is essential to the provision of security and peace of mind for customers in an increasingly unpredictable global travel environment. I welcome the pace and efficiency of this latest service integration. A superior service delivery offering speed and convenience is clearly a priority shared by our partners at Heymondo and Blink Parametric … with more to come!”
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 Heymondo
Heymondo is a digital travel insurance specialist with the mission to make life easy for travellers. The company has revamped the traditional travel insurance market through innovation, thanks to its customer-only travel assistance app and the wide range of coverage it offers, tailored to every type of traveller. Founded in 2017 in Barcelona, Heymondo markets its travel assistance products and services. For more information, visit heymondo.com.
About MAWDY Worldwide Digital Assistance
MAWDY is the MAPFRE Group’s assistance unit. Previously known as MAPFRE Asistencia, MAWDY is a global company operating in 23 countries, with a presence mainly in Latin America and Europe, and employing more than 2,000 people. MAWDY specialises in digital distribution models with partners and companies from various sectors, to which it provides services and solutions that go beyond insurance and supplement the offerings of its business partners. For more information, visit www.mawdy.com.
About MAPFRE
We have a worldwide presence. We are the largest Spanish-owned insurer in the world, the largest multinational insurance company in Latin America and among the 15 largest European groups by premium volume. More than 31,200 employees of 80 nationalities serve the 26 million people around the world who rely on us every day. We are diverse. We are unique. For more information, visit www.mapfre.com.
SOURCE: Blink Innovation via Fuller Marketing
Tags: Blink Innovation, InsurTech, InsurTech Spotlight, parametric insurance, partnership, travel