Blink Parametric and Travel Insurance Saver launch parametric solution

Blink Parametric and Travel Insurance Saver – trading name of Rothwell & Towler, a UK-based insurance intermediary, have partnered to launch a real-time parametric flight delay solution.

The solution requires a Travel Insurance Saver policyholder to register their flight, which is then monitored in real-time.

If an eligible delay occurs on the flight schedule, the traveller is automatically notified by an alert to their mobile phone and offered in real-time, a choice of airport lounge access or an immediate payout to their bank account.

Sid Mouncey, CEO of Blink Parametric said: “As we all face an increasingly unpredictable travel environment, the travel insurance industry needs fast and intuitive solutions to assist their customers. Our work with Travel Insurance Saver is delivering a personalised and positive customer experience delivered through our ‘plug and play’ parametric integration that enables faster, cheaper and more scalable solutions.. It’s fantastic to be partnering with such a well-established travel insurance brand and partner in Rothwell & Towler who are right at their customers’ side when they need real-time assistance.’’

Simon Neicho, Head of Commercial, Rothwell & Towler added: “We’re excited to partner with Blink Parametric to bring their real-time flight disruption technology to Travel Insurance Saver. This collaboration underscores our commitment to innovation, transforming flight delays from a source of stress to an opportunity for comfort and immediate financial support. Our customers will now benefit from real-time solutions like lounge access and direct cash payments, significantly reducing the discomfort and anxiety often associated with travel disruptions.”

Karen Beales, Managing Director at Financial and Legal Insurance Companycontinued: “This is an important move in providing greater support to outbound travellers from the UK. Customer-centric benefits are central to evolving travel insurance trends and I am delighted that we are extending our underwriting support to Travel Insurance Saver for this cover.”

“Blink Parametric and Travel Insurance Saver launch parametric solution” was originally created and published by Life Insurance International, a GlobalData owned brand.

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