Blink Parametric collaborates with MAWDY to revolutionise parametric travel insurance

Blink Parametrica pioneer in real-time travel insurance solutions, has entered into a global agreement with MAWDYinternational insurance, reinsurance and services company and part of the MAPFRE Group.

The partnership aims to meet the growing demand for real-time travel insurance solutions, particularly in cases of flight delays and cancellations, ensuring that travelers are supported when they need it most.

Blink Parametric is at the forefront of the InsurTech industry, designing solutions that increase operational efficiency in processing high-frequency and low-value travel insurance claims. Its real-time parametric platform aims to provide fast and immediate complaint resolutions to travelers in need.

The new product offering allows eligible MAWDY Ireland policyholders to access real-time access to more than 1,300 executive airport lounges worldwide or opt for a cash payment if their flight is disrupted by more than 3 hours. Once a traveler registers their flight details, Blink Parametric monitors it in real-time, instantly alerting the traveler in the event of a delay and offering choices aligned with their policy terms.

The benefits will be applicable to both single trip insurance and multi-trip annual travel insurance customers. The partnership with MAWDY Ireland will begin to cover the direct book segments of the travel insurance business and later expand to other travel insurance products and brands underwritten by MAWDY.

The partnership with MAWDY Ireland is a historic expansion for Blink Parametric, as MAWDY solutions are known to power some of the continents biggest travel insurance brands.

Sid Mouncey, Chief Executive Officer of Blink Parametric, said: “MAWDY is an industry giant and we are excited about the potential that lies ahead as we collaborate on new product innovation and opportunities to add value to their global network The partnership with MAWDY Ireland is an important first step and marks a landmark expansion for Blink Parametric.

“MAWDY has an outstanding track record of driving insurtech investment and innovation to meet the needs of an ever-changing travel environment and we look forward to delivering world-class real-time digital assistance and customer experience to their travel insurance customers.”

Head of Commercial at MAWDY Ireland, Declan Murphy, said: “One of the core elements of MAWDY’s customer strategy is to offer best-in-class products with real added value. The incorporation of delay services Blink Parametric’s real-time flight initially in our direct-to-consumer service offering is just the latest step in our overall innovation and digitization strategy, which places superior service delivery as a priority. We will continue to work with Blink Parametric to embed additional real-time assistance services into our products and partner brands over the next 12 months.As one of the industry leaders, this real-time flight disruption solution is a proven and very timely measure that fully aligns with our views on supporting customer care through intelligent innovation.”

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