InsurTech Innovators Blink Parmetric and baoba Join Partnership

Blink Parametric, CPP Group Company – a partnership with baoba global travel insurance company with offices in the USA, Canada, and Hungary. baoba acts as a B2B platform for travel sector organizations looking to offer innovative solutions for their customers, including travel insurance companies, airlines and online travel agents (OTAs).

As part of its extensive range of consumer-centric insurance solutions, baoba will soon roll out the Blink Parametric flight delay system. This will be followed shortly by weather guarantees, flight cancellation, hotel disruption and lost luggage.

Sid Mouncey is CEO of Blink parametric. He spoke out about the announcement.: “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.”

Blink, a Parametric As a Service (PAAS), InsurTech was established in 2016. It is a Parametric as an Application (PAAS) InsurTech that focuses on flight disruption travel insurance solutions to demonstrate its parametric platform. Benefits can include complimentary airport lounge access, hotel rebooking options and instant payment when the insured’s flight is delayed, all done seamlessly through the traveller’s smartphone. Enabling companies to communicate with customers in real-time, offering alerts, status updates, service benefit options and importantly, compensation, has been a cornerstone of Blink’s ongoing success. Blink Parametric was established in 2020 and offers a comprehensive range of parametric insurance options.

Celebrate the new partnership Kata Ludvig is CEO and Co-Founder of baoba.: “Today represents another important milestone for baoba. Blink allows us to expand our client base with travel insurances that can be automated, street-smart and modular. They are also on-demand and value-add. We also have support for claim processing and real time pay-out. This is our sweet spot – where world-class insurtech and inspiring customer experiences converge. Right now, partners have a single API which allows them to link to us. This allows them to embed parametric product, sell standalone products, and upsell throughout their customer journey. 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 gamechanging for our business and we are truly excited by the potential that lies ahead.”

Carl Carter, CCO of Blink Parametric.: “Blink’s travel solution and a parametric suite of products are designed to deliver the sparkling performance and operational efficiency sought by baoba on processing high frequency, low severity claims when the policy-holder needs immediate real-time claim resolution. We are delighted to be partnering with such a high-energy business – and I have full confidence that our collaboration will deliver exceptional results.”

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