June 26, 2023

Blink Parametric Partners with CPP Italy and Europ Assistance Italy


Real-time parametric flight delay service to serve the Italian travel market

 

Cork, Ireland 26th June 2023 – Blink Parametric announce their partnership with CPP Italy and Europ Assistance Italy – the national market leader and world leading insurance company in the private assistance sector, with the launch of a real-time flight delay insurance service to serve the Italian market. Headquartered in Milan, Europ Assistance Italy has been operating for over 50 years as part of the Europ Assistance Group – with offices in 34 countries, 35 operations centres and a support network across a further 208 countries. This latest initiative will see the Irish InsurTech’s flagship flight disruption solution made accessible within the Italian market for the first time.

 

Sid Mouncey, CEO of Blink Parametric recognised the team effort in achieving a successful integration: “This was a great collaboration involving multidisciplinary teams from within Europ Assistance and our sister company CPP Italy. We each share a service commitment to communicate with customers in real-time, offering alerts, status updates, service benefit options and importantly, compensation and we are excited to launch in such a key European market with an acclaimed specialist travel insurance and assistance partner that will maximise our technology to deliver the most for its network and the travelling public.”

 

To avail of the benefit, any insured traveller simply registers their flight schedule, which is automatically monitored in real-time. When an eligible delay or cancellation occurs on an outward, connecting or return flight, the insurance pay-out or airport lounge pass is issued automatically and seamlessly through the traveller’s smartphone to help lessen the inconvenience of the disruption.

 

As a company, Europ Assistance Italy strives to make its clients’ lives easier every day by providing assistance during emergency and stressful situations. The flight delay parametric product is a smart and fast solution designed to meet the needs of travellers who want to be protected even from the most common and simple inconveniences, such as flight delays.

 

Blink Parametric provides parametric as a service (PaaS) solutions and is a multi-award-winning InsurTech. It transforms its clients’ traditional travel insurance offerings into superior service experiences with simple, intuitive and real-time parametric products. It specialises in high frequency, low value claims across the travel sector, providing flight disruption and lost luggage solutions as well as developing climate, weather, energy and business interruption products supported through its automated platform.

 

ENDS

Editor Note

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 proven 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 travel weather sector, business interruption 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 to join Cohort 5 of the prestigious Lloyd’s Lab innovation accelerator programme in 2020, it developed a market-ready Business Interruption offering. It has progressively expanded its services platform to become a world leader in parametric consumer insurance product innovation, winning various numerous awards including Gold for Excellence in Technology – Service Provider in the Insurance Times Awards 2022, Best Use of Technology for Customer Experience and Best Customer App in the 2022 Insurance Times Tech & Innovation Awards, Claims Innovation of the Year at the European Risk Management Awards 2022, Outstanding Industry Contribution of the Year at the 2022 ITIJ: International Travel & Health Insurance Journal Awards, InsurTech Specialist at the National Insurance Awards 2023 and Customer Care Solution of the Year and Claims Product Solution of the Year in the 2023 Insurance Times Claims Excellence Awards.

For further information visit: https://blinkparametric.com/


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