April 11, 2023
Blink Parametric Takes Off in the USA
Expanded AwayCare partnership provides an innovative, real-time flight disruption solution to US travellers worldwide
Cork, Ireland 11th April 2023 – Blink Parametric announces a significant expansion of its partnership with AwayCare, a premier Managing General Agent (MGA) providing travel insurance products in Canada. Now entering the US market, the InsurTech has inked a major three year deal with AwayCare, who led the initiative to provide its Flight Delay service to US-based Travel Insured International (TII), a leading travel insurance provider. TII will make the AwayCare Flight Delay service, managed by Blink Parametric, available within select plans in the United States.
Announcing the partnership, Carl Carter, Chief Commercial Officer at Blink Parametric said: “This represents Blink Parametric’s first official launch of our flight disruption solution within the US market. To be making this step with our valued partner AwayCare speaks volumes to the strength of our collaboration over the past 12 months.”
Once a traveller registers their flight details, Blink Parametric monitors that flight in real-time. If a flight delay occurs in connection with a traveller’s registered flight, this service automatically results in the traveller being notified and covered benefits being offered within their plan’s terms.
Ryan Beaulieu, President, AwayCare commented that, “Our rollout of the Blink Parametric powered flight disruption solution was both timely and directly relevant to our travel insurance client base. The Blink Parametric flight disruption service has certainly earned its place with AwayCare.”
This latest InsurTech innovation has been added to select plans in the TII portfolio, providing a flight disruption service and delivering real-time assistance to covered travellers.
“We continue to seek new and innovative ways to enhance our programs in service to our customers, and we strive to help travellers feel confident before, during, and after their trip,” said Isaac Cymrot, Vice President, Sales and Account Management Operations, Travel Insured International. “This new service – available within select plans – aligns with TII’s ongoing commitment to customer satisfaction.”
Blink Parametric partners with insurers and travel organisations throughout the UK, Europe, Asia, North America and Central and Latin America. This partnership resulted from collaboration between AwayCare, Blink Parametric and Red Consulting, a travel insurance and medical assistance consulting company.
About Blink Parametric
Blink Parametric is a multi-award-winning 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 and became the first Insurtech in the FCA (UK) Sandbox programme and was acquired by CPP Group (AIM CPP) in March 2017. Since then, Blink Parametric 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 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 and InsurTech Specialist at the National Insurance Awards 2023.
For further information visit: https://blinkparametric.com/
AwayCare Inc., a partner of Navacord, is a premier Managing General Agent (MGA) provider of Travel Insurance products in Canada, providing comprehensive solutions to their Broker partners so they can in-turn offer the best coverages to their own clients. AwayCare specialises in Out of Country and Out of Province medical coverage to Canadians, while supporting many other product lines. As an MGA, they represent a wide range of companies. Therefore, AwayCare is YOUR premier travel insurance partner.
For further information visit https://awaycare.ca/en/
About Travel Insured International (TII)
Founded in 1994, Travel Insured International (TII) is one of the leading travel insurance providers, offering quality worldwide travel protection for over 25 years. Located in Glastonbury, Connecticut USA, the company offers an array of travel protection benefits including Emergency Assistance and Evacuation, Trip Cancellation and Trip Interruption Protection, Medical Expense Insurance, Baggage Insurance, Airline Ticket Protection, and more.
Travel Insured maintains relationships with specialty travel providers and tour operators, as well as providing 24/7 insurance assistance that allows you to travel relaxed, travel secure, and travel insured.
For further information visit: https://www.travelinsured.com/.
About CPP Group
CPP Group is a technology-driven assistance company that creates embedded and ancillary assistance products and resolution services that reduce disruption to everyday life for millions of people around the world, at the time and place they are needed. These products are provided through partnerships with leading insurance, banking and finance companies as either as embedded solutions or as relevant add-ons to enhance their core offering and deliver additional revenue streams. CPP is listed on AIM, operated by the London Stock Exchange.
For more information about CPP visit https://corporate.cppgroup.com/
- flight disruption cover
- parametric insurance
- travel insurance cover
- Travel Insured International