Insurtechs Blink Parametric and baoba enter partnership
Insurtech company Blink Parametric has entered into a partnership with baoba, a global travel insurtech with offices in the US, Canada and Hungary
baoba serves as a business-to-business marketplace for travel sector organisations looking to add solutions for their customer base including online travel agents, travel insurance companies and airlines.
The immediate roll-out of the Blink Parametric flight delay solution will soon be followed by flight cancellation, hotel disruption, lost luggage and weather guarantees as the baoba team works to provide clients with an extensive portfolio of insurance solutions.
Sid Mouncey, CEO of Blink Parametric, commented: “With baoba, from the outset we knew we were a natural fit. As two dynamic insurtechs determined to influence the future of insurance with novel solutions – this is a great match. We are excited by the benefits we can bring to the insurance value chain and to the entire customer experience for baoba’s client base. Our shared ethos regarding intuitive, simple, insurance product design and delivery signals a lively and productive partnership, and we are excited to get underway.”
Celebrating the new partnership, Kata Ludvig, CEO and Co-Founder at baoba, added: “Blink is enabling us to further expand our client portfolios with travel insurances that are street-smart, automated, modular, on-demand, value-added and supported by claim processing and real-time pay-out solutions. Following our successful integration of Blink’s platform, we are now well underway to transitioning multiple partners towards the launch of their own parametric products. This is game-changing for our business, and we are truly excited by the potential that lies ahead.”