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.
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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.”
