Blink was founded in 2016, a Parametric as a Service (PAAS) Insurtech, focused on a flight disruption travel insurance solution to prove its parametric platform. Enabling companies to communicate with customers in real-time, offering alerts, status updates, service benefit options and importantly, compensation, has been a cornerstone of its ongoing success. It launched Blink Parametric in 2020, offering a full suite of parametric insurance solutions.
Welcoming the new partnership, Manoj Kumar Chief Executive of MNK Re Group, said:
“Using the Blink platform and its “engine” demonstrates MNK Re’s unwavering commitment to superior service delivery and our customer-centric approach. As the travel market reopens, the unique real-time service delivers the speed and convenience that our clients both demand and deserve. It is clear that the future of insurance lies in the accessibility of simple, relevant and effective insurance coverages that better protect policyholders.
Harry Titherley, Head of Innovation at MNK Re added:
“The wider opportunities that parametric re/insurance solutions bring, could have a game-changing effect in addressing a wide range of risks from climate change, natural catastrophes and extreme weather through to variations in energy consumption. This is just the beginning.”