Blink, which was launched in 2016, has teamed up with various insurers across the world to provide flight disruption solutions across North America, Asia and Europe.
Blink monitors flight disruptions across the globe in real-time.
In order to avail the claim, the passengers neither have to submit proof that the disruption took place nor have to fill insurance claim forms or submit receipts.
The insurtech firm said that the passengers availing its travel insurance plan can get complimentary airport lounge access, hotel booking options and instant payment when the flight is late by over three hours.
The entire process can be completed online using a smartphone.
Blink said that the new insurance policy will be trailed first. After successful pilot, it will be launched across additional distribution channels.
CPP Group CEO Jason Walsh said: “The partnership between Blink and Manulife is another demonstration of our broader strategy that focuses on international expansion and technological innovation, adding real value to the Group.
“Blink is transforming the travel insurance market with its parametric platform, forging new partnerships with global brands while adding significant technological capabilities to our group operations, which helps us to build deeper relationships with existing clients.”
Blink CEO Paul Prendergast said: “We have been working with Manulife to develop a very exciting suite of products that, once launched, will transform the customer travel insurance experience.
“The Manulife ethos is very much in keeping with our own focus in finding and developing innovative digital solutions with the primary goal of making customers’ travel insurance experience as efficient as possible.”