Assurant Japan Debuts the Parametric Travel Insurance Subscription
Kanesa David — July 24, 2023 — World
References: assurant.asia & coverager
Assurant Japan has joined forces with Blink Parametric, a flight interruption insurance solutions provider, to introduce parametric travel insurance technology in Japan. This solution is designed to address common issues travelers face, such as flight delays, cancellations, and lost baggage, using preset trigger events.
One of the key features of this solution is its ability to quickly detect flight delays and cancellations and instantly notify customers via their smartphones or mobile devices. This ensures that travelers are promptly informed about any changes to their travel plans, allowing them to prepare hours in advance.
Blink's parametric travel insurance technology can be seamlessly integrated into the company's existing platform or portal, adding new value to long-time customers.
Image Credit: Natee Meepian
One of the key features of this solution is its ability to quickly detect flight delays and cancellations and instantly notify customers via their smartphones or mobile devices. This ensures that travelers are promptly informed about any changes to their travel plans, allowing them to prepare hours in advance.
Blink's parametric travel insurance technology can be seamlessly integrated into the company's existing platform or portal, adding new value to long-time customers.
Image Credit: Natee Meepian
Trend Themes
1. Parametric Travel Insurances - Disruptive innovation opportunity: Develop parametric travel insurance technology that can detect flight delays and cancellations and instantly notify customers, improving customer experience and satisfaction.
2. Flight Interruption Insurance Solutions - Disruptive innovation opportunity: Create innovative flight interruption insurance solutions that address common issues travelers face, such as flight delays, cancellations, and lost baggage, improving the overall travel insurance experience.
3. Seamless Integration Into Existing Platforms - Disruptive innovation opportunity: Develop seamless integration solutions to add value to existing platforms or portals and enhance the customer experience in the travel insurance industry.
Industry Implications
1. Travel Insurance - Disruptive innovation opportunity: Explore how parametric travel insurance technology can revolutionize the travel insurance industry by addressing common issues travelers face and providing real-time notifications to customers.
2. Mobile Technology - Disruptive innovation opportunity: Develop mobile technology solutions that enable instant notifications to travelers regarding flight delays, cancellations, and changes to travel plans, improving customer convenience and satisfaction.
3. Insurance Technology - Disruptive innovation opportunity: Leverage parametric insurance technology to enhance existing insurance platforms and portals, offering new value-added services and improving the overall insurance experience.
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