Switzerland’s Baloise Rolls Out Blink Parametric Travel Insurance Solutions

Flight Disruption and Delayed Luggage products will serve as add-on options to Baloise single trip travel insurance policies, offering real-time assistance services to travelers. 

(Image source: Baloise homepage.)

Baloise (Basel), one of Switzerland’s largest  all-industry insurance service providers for individuals and businesses  is rolling out Blink Parametric (Cork, Ireland) travel insurance solutions, namely, Flight Disruption and Delayed Luggage, according to a statement from Blink. Both products will serve as add-on options to Baloise single trip travel insurance policies, offering real-time assistance services to travelers when they need it most, the Blink statement says. This launch is the culmination of close co-operation between Baloise and specialist InsurTechs, Blink Parametric, Wetterheld (Hamburg) and KASKO (London).

Blink Parametric reports that, as part of the overall initiative, Baloise is brining three optional parametric cover services to the market as part of its expanded holiday insurance offering. Together with the duo of Blink Parametric solutions, insurance cover against bad weather will also boost the existing Baloise holiday insurance offer, which already covers cancellation costs, luggage and hire car insurance.

Sid Mouncey, CEO, Blink Parametric.

“This is an exciting project and partnership for us—a real collaboration that has brought together, not only multiple parametric products, but multiple InsurTechs too,” comments Sid Mouncey, CEO, Blink Parametric. “Working together has been an excellent experience, enhanced by the shared knowledge, expertise and appreciation for InsurTech innovation. The result is a suite of world-class multi-language digital travel assistance solutions that will prioritize the real-time needs of Baloise customers. Like Baloise, our focus is firmly on the future and at Blink Parametric we look forward to ongoing cooperation and delivering on the great opportunity afforded us by our new and valued partner in the Swiss market.”

Intelligent Solutions to Make a Difference in Customers’ Lives

“At Baloise we seek out innovative, intelligent solutions that enable us to make a difference in the lives of our customers,” comments Philipp Marty, Head of New Business & Partnerships, Baloise. “Blink Parametric is an excellent value-add partner for us, allowing us to design tailor-made, real-time digital travel assistance products that keep us close to our traveling customers wherever they are in the world. Customer focus is at the heart of these new products as is our commitment to make life easier for all those who travel, at their time of need. These new parametric travel insurance services are not only about covering and insuring risks, but also about meeting the needs of our customers in a modern and changing travel environment.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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