In response to seismic changes and challenges in the Business Interruption market, Blink Parametric is launching Blink Interruption, the latest insuretech product to be powered by Blink Parametric technology.
The product is in development, as part of the Lloyd’s Lab.
In a nutshell, the product will enable:
– Fast payments providing liquidity quickly to SMEs, with options for monthly, weekly and daily payments to customers affected, as long as they continue to meet criteria (e.g. impacted by insurable risk and trading at -30% as a result.)
– An automated claims process which will plug into key data systems to verify claims, e.g. Open Banking, Weather, Terrorism, etc.
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