Protect Group Partners with Blink Parametric to Enhance Travel Protection Solutions through Protect Marketplace
Cork, Ireland (Nov. 12, 2024) – Protect Group, a leader in ancillary travel products has announced a strategic partnership with Blink Parametric to bring advanced parametric protection solutions to travel operators, airlines, OTAs, airports, and other service providers. This partnership introduces Blink Parametric’s real-time parametric technology into Protect Marketplace, with immediate effect, enhancing customer satisfaction with Flight Disruption and Delayed Baggage Protection services.
Parametric services transform traditional travel protection by offering fast, data-driven assessments and instant payouts or assistance options based on predefined triggers. Through Blink Parametric’s platform, customers benefit from immediate support when flight delays or lost luggage impact their journey. Unlike conventional travel protection, where refund applications can be time-consuming and complex, Blink Parametric solutions simplify the process, providing travellers with a seamless, stress-free experience.
Through Protect Marketplace, Protect Group now offer this comprehensive support with minimal technical setup. Once integrated, partners can leverage real-time data to ensure that eligible customers receive instant payouts in the event of qualifying disruptions. This automation removes the need for travellers to file traditional claims, creating a truly customer-friendly experience. Protect Group is not a traditional insurance product provider, which allows it to offer Refund Protect, Flight Delay, and Delayed Baggage Protection alongside its ancillary products through the Protect Marketplace without regional restrictions.
Blink Parametric services allow Protect Group’s partners to deliver added value while generating new revenue streams. By automating refunding processes and pre-agreeing compensation for specific disruptions, travel providers can differentiate their offerings and boost customer loyalty with solutions designed to meet modern expectations. This partnership also supports the strategic growth of Protect Marketplace, which is focused on delivering innovative, customer-centric ancillary products across travel sectors.
“We’re excited to collaborate with Blink Parametric to expand Protect Marketplace with parametric travel protection solutions,” said Jason Walsh, Chief Product & Marketing Officer at Protect Group. “This partnership enhances our offering by making travel disruption services faster, simpler, and more customer-focused—meeting the needs of our partners and their customers.”
Sid Mouncey, CEO at Blink Parametric, added, “Accessing service providers across the travel and tourism sector is an opportunity for us to deliver responsive, data-driven insurance solutions at scale. Partnering with Protect Group allows us to remove the pain points of traditional insurance whilst bringing real-time, customer-friendly protection via their partner base to more travellers, helping them manage the unexpected with ease.”
Protect Group and Blink Parametric are dedicated to providing advanced solutions that redefine the travel experience. This partnership marks a significant step forward in delivering hassle-free, responsive coverage to travellers worldwide.
About Blink Parametric
Blink Parametric is an award-winning InsurTech that works with the world’s leading insurers in over 20 markets to create embedded parametric solutions that provide real-time assistance, automated claims decisions and payments. Blink Parametric’s 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 online personal data and cyber solutions, empowering partners to deliver fast, customer-centric insurance solutions that are data-led and easy to implement and improve customer experiences. For more information, visit blinkparametric.com.
About Protect Group
Protect Group offers a range of ancillary products, including its flagship Refund Protect service, which provides ticket holders with up to 100% refunds in unforeseen circumstances. Protect Group’s Protect Marketplace features innovative solutions that enhance customer experiences while unlocking new revenue streams for partners in industries such as airlines, events, hospitality, and more.
SOURCE: Blink Innovation via Fuller Marketing
Tags: Blink Innovation, InsurTech, InsurTech Spotlight, parametric insurance, partnership, travel