Blink Parametric has partnered with Berlin Direkt Versicherung, a German digital insurer and a unit of HanseMerkur Group, to enhance travel insurance offerings with insurtech solutions.
Under the collaboration, Berlin Direkt Versicherung will introduce a new travel insurance product bundle that includes real-time assistance for flight disruptions and lost luggage.
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The bundled offering, available directly to online customers, integrates Blink Parametric’s Flight Disruption and Lost Luggage solutions and is designed to provide immediate support to travellers.
For instance, if a registered flight is delayed by two or more hours, the insured travellers are offered a choice between complimentary VIP lounge access or a cash payout of €25 per person for up to two delayed flights.
Blink Parametric’s system actively monitors all registered flights and sends automatic alerts to travellers when delays occur.
In the event of luggage delay on an outbound flight, customers can enter their property irregularity number on Berlin Direkt Versicherung’s online platform to receive an instant payment of €50.
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By GlobalDataThe compensation is processed either via bank transfer or PayPal, aiming to mitigate the inconvenience caused by travel delays.
Blink Parametric CEO Sid Mouncey said: “We are really excited to be working with one of the most innovative insurance brands in the German market to deliver real-time support to Berlin Direkt Versicherung customers when their travel is disrupted.
“Berlin Direkt Versicherung are online insurance specialists with extensive digital capabilities and a network reach that will drive distribution direct to consumers as well as via partner travel portals and comparison sites.”
Berlin Direkt Versicherung managing director Florian Meurs said: “This innovative full-service travel protection package aligns with our corporate vision of simple insurance with added value for our partners and customers.
“This project centered on the product design and integration of two Blink Parametric real-time global services and represents our holistic approach to easy and effective insurance service delivery. We now look forward to immediately extending these digital product offerings to our online customers and to our partners in the coming months.”
This partnership follows a recent collaboration between Blink Parametric and Travel Insurance Saver, a UK-based insurance intermediary, to launch a similar real-time parametric flight delay solution.
