The launch comes as a response to developing post-Covid-19 travel insurance solutions together with Blink’s travel insurance partners.
Blink was founded in 2016 to build data-driven travel disruption insurance solutions as one of the first insurtech startups to focus on travel insurance.
Paul Prendergast, CEO of Blink, said: “Although travel is very tough right now and everyone is dealing with personal and business difficulties, we are bullish and continue to invest to allow our partners to innovate at speed.”
Blink Luggage offers travellers an immediate pay-out if luggage is delayed and offers lounge access and care benefits. If after four days the luggage has still not arrived, it is deemed lost and travellers receive an additional payout.
Prendergast explained: “With the Covid-19 pandemic triggering a massive influx of claims across the travel sector worldwide, we face a major turning point opportunity for the travel insurance industry. Claims processing delays and system inertia are the ultimate proof that a major shift in how claims are paid is now critically important for the long-term future of the sector.
“We are working with our partners to deliver parametric solutions to address these challenges efficiently, as Blink can process more than 60,000 claims per hour and today’s consumers demand and expect immediate remedy.”