Ireland-based insurtech company Blink is launching a major expansion of its flight disruption insurance offering in Central and Latin America this month.
Blink has partnered with Terrawind Global Protection, a provider of travel assistance solutions serving millions of customers worldwide each year, to deliver a tailor-made service to clients, whether travelling for business or leisure.
Announcing the partnership, Paul Prendergast, chief executive officer and co-founder of Blink, says: “We are delighted to be working with Terrawind Global Protection, a trusted and truly innovative company in a region that is hugely exciting for us. We were tasked by Terrawind to deliver a seamless, superior customer service experience for their clients and the result is a real-time service that provides options and alleviates stress when customers need it most.”
“At a critical time when the travel industry begins to recover and we see the increasing movement of people worldwide, Terrawind’s assistance services will play an important role in restoring confidence to the travelling public and we are proud to play our part in that effort.”
Blink offers a data-driven travel disruption solution. Once a traveller registers their flight details, the insurtech company monitors that flight in real-time. A delay or cancellation automatically results in a traveller being notified.
Terrawind Global Protection’s registered customers are offered choices that remove the stress and consequences of the delay, including airport lounge access if a flight is delayed by three hours or more, or a cash payout per traveller, which is immediately deposited into their Paypal account.
Blink will provide flight disruption support to Terrawind Global Protection policyholders wherever they are travelling worldwide.
Commenting on the partnership, Carlos Fernandez, chief executive officer of Terrawind Global Protection, says: ”This is another key element in our ongoing strategy to continually add value to our client services. 2021 is a year for optimism and for recovery.”
”By adding Blink’s flight disruption solution to our product offering, we’re affirming our confidence in the return of global travel and investing in world-class innovation to enhance the travel assistance experience for our clients. We are proud to serve a diverse client base across 15 Central and South American countries, the USA and the Caribbean and as they travel the world for business or leisure, we intend to be with them every step of the way.”
This partnership was a culmination of collaboration between Terrawind Global Protection, Blink and Rokk3r’s INSURT3CH division, a digital insurance distribution specialist.
Blink was founded in 2016 as a parametric-as-a-service insurtech startup and focused on a flight disruption travel insurance solution to prove its parametric platform.
It was acquired by CPP Group in March 2017 and went on to build and launch innovative parametric solutions for its insurance partners globally through its proprietary insurtech platform, Blink Parametric, in areas such as the climate, energy, utilities and travel risk.