Blink Parametric launches Blink Luggage

Blink Parametric announced the launch of Blink Luggage that offers travelers an immediate pay-out if the luggage is delayed and offers service options ranging from lounge access to care benefits based on the travelers’ outbound/inbound transit status. After 4 days, if it is officially confirmed that luggage is deemed lost, travelers receive an additional immediate pay-out. Blink Luggage does not impact on any separate valid claims on any Airline Luggage Policy.

“With the COVID-19 pandemic triggering a massive influx of claims across the Travel sector worldwide, we face a major turning point opportunity for the travel insurance industry. Claims processing delays and system inertia are the ultimate proof that a major shift in how claims are paid is now critically important for the long-term future of the sector. We are working with our partners to deliver parametric solutions to address these challenges efficiently as Blink can process more than 60,000 claims per hour and today’s consumers demand and expect immediate remedy which we can deliver.” – Paul Prendergast, CEO of Blink.