January 15, 2024
Blink Parametric Launches InsurTech Solution with MAWDY Ireland’s InsureandGo Travel Insurance
MAWDY brand InsureandGo Ireland now offers world-wide flight disruption cover to Irish travel insurance customers
Launch follows the October 2023 announcement of partnership to explore parametric travel insurance solutions across the global MAWDY assistance product portfolio.
Cork, Ireland 15th January 2024 – Following its October 2023 agreement with MAWDY – a global insurance, reinsurance and services company and part of the MAPFRE Group, Blink Parametric has extended its partnership with MAWDY Ireland. The partnership commenced by covering segments of the direct book of travel insurance business and today’s announcement confirms that the Blink Parametric flight disruption solution is now being rolled out across the MAWDY Ireland InsureandGo travel insurance brand, making the solution accessible to consumers directly.
The new parametric-powered benefit will be applicable to InsureandGo single trip and annual multi-trip travel insurance customers who purchase either a platinum or gold policy. When a flight is disrupted by more than three hours, the eligible insureds are automatically notified and offered real-time access to one of 1,300+ executive airport lounges worldwide or a real-time cash payout alternative.
Speaking of the launch, Sid Mouncey, Chief Executive Officer of Blink Parametric, said, “This project is a great demonstration of how we can deliver on the needs of a complex multinational travel Insurer and brand, structured to serve unique regional needs and requirements. The result is a truly successful collaboration. Together with the InsureandGo and MAWDY Ireland teams, we are celebrating that we are now live with a real-time digital flight disruption solution tailored to their specific brand and market! I’m delighted that from today we have uniquely added to the extensive insurance support services available to the InsureandGo Ireland customer base in their time of need worldwide.”
Blink Parametric is recognised as one of the most innovative and successful providers of travel InsurTech and parametric solutions to insurers across the globe. It offers real-time assistance and service to travellers impacted by flight disruption events, which are increasing in frequency and scale, triggered by surge events including extreme weather conditions. This is the latest in a succession of global partnerships announced by the Cork-based company and the most recent highlight in its eight-year growth story.
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.
Declan Murphy – Head of Commercial, MAWDY Ireland, “This is the first quarter since our agreement with Blink Parametric last October and we mark it with the early completion of our first brand to embed real-time flight delay services. InsureandGo is one of Ireland’s travel insurance specialists, supporting value-add, world-class, direct-to-consumer products and services. With the success of this integration, we are delivering on our customer care, product innovation and commercial commitments and are set to build further on these, starting immediately with the next phase of implementation across our range of travel insurance products and partner brands in line with our strategy for 2024 and beyond.”
Note to the Editor
About MAWDY Ireland
The Ireland unit of MAWDY is a branch agency of MAWDY, a global insurance, reinsurance and services company. The Irish office, which opened in 1991, encompasses MAWDY: one of the largest providers of home and motor breakdown assistance and travel insurance in Ireland. Our services are geared towards providing assistance to the customers of general insurers, insurance brokers, vehicle manufacturers, financial service providers, motor dealers, travel agents, utility companies and other industries.
MAPFRE ASISTENCIA Compania Internacional De Seguros Y Reaseguros, S.A., trading as MAWDY, is authorised by Direccion General de Seguros y Fondos de Pensiones del Ministerio de Economia y Hacienda in Spain and is regulated by the Central Bank of Ireland for conduct of business rules.
For more information about MAWDY Ireland, visit: https://www.mawdy.ie/
About InsureandGo Ireland
InsureandGo offers a range of travel insurance policies for holidays and trips of all types, whether you’re looking to cover a lazy beach holiday or an action-packed adventure around the world. That’s why we’re Ireland’s travel insurance specialist.
For more information about InsureandGo, visit: https://www.insureandgo.ie/
About MAWDY Worldwide Digital Assistance
MAWDY is the MAPFRE Group’s assistance unit. Known as MAPFRE Asistencia until 2023, 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. In 2021, the company had revenue of 560 million euros. For more information, visit: https://www.mawdy.com/
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 about MAPFRE, visit: https://www.mapfre.com/en/