Blink Parametric, has entered into a partnership with baoba, a global travel InsurTech to launch a flight disruption solution.
baoba is a B2B marketplace for travel sector organisations looking to add innovative solutions for their customer base including online travel agents (OTAs), travel insurance companies and airlines.
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 partnership between Blink and baoba will see the roll-out of the flight disruption solution, which baoba said will soon be followed by flight cancellation, hotel disruption, lost luggage and weather guarantees.
Carl Carter, CCO at Blink Parametric, said, “Blink’s travel solution and parametric suite of products are designed to deliver the sparkling performance and operational efficiency sought by baoba on processing high frequency, low severity claims when the policy-holder needs immediate real-time claim resolution. We are delighted to be partnering with such a high-energy business – and I have full confidence that our collaboration will deliver exceptional results.”
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