Cork, Ireland and London, UK (PRWEB) November 14, 2016
Blink Innovation Ltd., an insurtech start up set to launch the world’s first real time resolution flight interruption insurance has partnered with Munich Re, a global AM Best A+ rated insurance organization. The partnership creates powerful market advantage as Blink prepares to launch its real time resolution insurance product.
“We are delighted to announce our partnership with Munich Re. Munich Re’s innovative approach to working with early stage insuretech innovators makes it the ideal collaboration to ensure we can provide innovative insurance solutions in the travel insurance space," said Paul Prendergast, CEO Blink.
Blink and Digital Partners, Munich Re have agreed to an ongoing program of product development with Blink creating the technology solution to deliver these unique products directly to the consumer. The Blink solution will include automated underwriting rules. The two companies are currently working together to implement Blink’s first product in the United Kingdom.
“As we launch and build the business we will rely on Munich Re’s global expertise to support our company’s growth,” added Paul.
Blink is leveraging big data, data analytics and great customer experience to provide innovative solutions to consumers. Blink is partnering with travel distribution partners including OTAs, Corporate Travel Management companies, flight booking engines and airlines to provide a strong ancillary revenue stream.
Andrew Rear, Chief Executive of Digital Partners at Munich Re stated, “Digital Partners is a new Munich Re global venture designed to partner with disruptors who are changing the way insurance is experienced by customers. We are looking forward to helping Blink reimagine and redesign flight interruption insurance and launch innovative real time resolution insurance products.”