Blink Parametric Launches InsurTech Solution with MAWDY Ireland’s InsureandGo Travel Insurance

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.”