CPP Group’s parametric platform, Blink Parametric, has announced a partnership with AwayCare, a premier Managing General Agent (MGA) provider of travel insurance products in Canada. The age will be underwritten by leading Canadian insurance group Northbridge Financial Corporation, a Fairfax company, supporting the delivery of flight disruption insurance solutions.
Blink Parametric offers customers a proactive, real-time service that meets the speed and convenience that today’s consumers demand.
Announcing the partnership, Richard Lucker, Head of Product at Blink said:
“This is an exciting launch for us. Travel is still on a recovery path after a very challenging two years and now, more than ever, the travel experience needs to be reinforced with support that builds traveller confidence. AwayCare specialises in the delivery of unique, customised services and products for clients across its portfolio, so our Blink flight disruption solution is a perfect fit.”
This parametric service helps ease the pain points of a flight delay in real-time for leisure and business travellers alike, especially during current times when flight crews who catch Covid are forcing airlines to cancel or delay flights.
So, once a traveller registers their flight details, Blink monitors that flight in real-time. Any flight delays that occurs to the registered flight, automatically results in a traveller being notified instantly and offered service choices within their policy terms – effectively automating the claims process. AwayCare policy holder benefits include complimentary airport lounge access when the insured’s flight is delayed more than two hours or an instant payment, all issued seamlessly to the travellers’ smartphone.
Ryan Beaulieu, VP Operations, AwayCare commented that, “Changing the future of travel insurance is fundamental to what we do and adding real value through smart, simple insurtech aligns perfectly with our one-stop-shop travel insurance service. We are inspired by customer care solutions that transform the traveller experience and our partnership with Blink upholds our commitment to delivering service excellence.”