Following its October 2023 agreement with MAWDY - a global insurance, reinsurance and services company and part of the MAPFRE Group, Blink Parametric has extended its partnership with MAWDY Ireland. The partnership commenced by covering segments of the direct book of travel insurance business and today’s announcement confirms that the Blink Parametric flight disruption solution is now being rolled out across the MAWDY Ireland InsureandGo travel insurance brand, making the solution accessible to consumers directly.
The new parametric-powered benefit will be applicable to InsureandGo single trip and annual multi-trip travel insurance customers who purchase either a platinum or gold policy. When a flight is disrupted by more than three hours, the eligible insureds are automatically notified and offered real-time access to one of 1,300+ executive airport lounges worldwide or a real-time cash payout alternative.
Back in October last year, Blink Parametric entered into an agreement with MAWDY, a global insurance, reinsurance and services company and part of the MAPFRE Group.
The agreement is set to guide terms for the effective integration and delivery of real-time parametric travel insurance solutions across the global MAWDY network.
News of the agreement is coupled with the announcement of a Blink Parametric partnership with MAWDY Ireland, a branch of MAWDY. Under this new offering, when an eligible MAWDY Ireland policyholder’s flight is disrupted by more than three hours, they get real-time access to one of more than 1,300 executive airport lounges worldwide or a cash payout alternative. The benefit will be applicable for single trip and annual multi-trip travel insurance customers.
Sid Mouncey, Chief Executive Officer of Blink Parametric, said: “MAWDY is an industry giant, and we are excited by the potential that lies ahead as we collaborate on new product innovation and value-add opportunities across their global network. Partnering with MAWDY Ireland is an important first step and marks a landmark expansion for Blink Parametric.
“MAWDY solutions power some of the biggest travel insurance brands across multiple continents and we are delighted that our flight disruption solution will now be offered as standard on Gold and Platinum products for an ever-increasing number of MAWDY Ireland’s travel insurance customer base.”
Declan Murphy, Head of Commercial, MAWDY Ireland, added: “We will continue to work with Blink Parametric to embed additional real-time assistance services into our products and partner brands over the next 12 months. As one of the industry leaders, this real-time flight disruption solution is a proven and very timely fit that aligns fully with our views on supporting customer care through smart innovation.”