Blink Parametric has partnered Baloise, one of the largest Swiss all-industry insurance services providers for individuals and businesses. From its Basel headquarters, Baloise is rolling out Blink Parametric travel insurance solutions, namely, Flight Disruption and Delayed Luggage. Both will serve as add-on options to Baloise single trip travel insurance policies, offering real-time assistance services to travellers when they need it most.
As part of the overall initiative, Baloise brings three optional parametric cover services to the market as part of its expanded holiday insurance offering. Together with the award-winning duo of Blink Parametric solutions, insurance cover against bad weather will also boost the existing Baloise holiday insurance offer, which already covers cancellation costs, luggage and hire car insurance.
Today’s successful launch is the culmination of close co-operation between Baloise and specialist InsurTechs, Blink Parametric, Wetterheld and KASKO.
Sid Mouncey, CEO of Blink Parametric, “This is an exciting project and partnership for us – a real collaboration that has brought together, not only multiple parametric products, but multiple InsurTechs too. Working together has been an excellent experience, enhanced by the shared knowledge, expertise, and appreciation for InsurTech innovation. The result is a suite of world-class multi-language digital travel assistance solutions that will prioritise the real-time needs of Baloise customers. Like Baloise, our focus is firmly on the future and at Blink Parametric we look forward to ongoing co-operation and delivering on the great opportunity afforded us by our new and valued partner in the Swiss market.”
Philipp Marty, Head of New Business & Partnerships – Baloise, commented that, “At Baloise we seek out innovative, intelligent solutions that enable us to make a difference in the lives of our customers. Blink Parametric is an excellent value-add partner for us, allowing us to design tailor-made, real-time digital travel assistance products that keep us close to our travelling customers wherever they are in the world. Customer focus is at the heart of these new products as is our commitment to make life easier for all those who travel, at their time of need. These new parametric travel insurance services are not only about covering and insuring risks, but also about meeting the needs of our customers in a modern and changing travel environment.”