Pluto, which is backed by Zurich, has aimed its offering at the millennial demographic, hoping that by giving them the opportunity to build and manage their own policies – and submit claims from a mobile device – it can encourage more younger travellers to properly protect themselves when heading overseas. “Insurance is such an exciting space because there’s so much room for improvement,” said Alex Rainey, Co-Founder and CEO of Pluto. “A lot of this can be achieved by using the latest technology, combined with thoughtful design. We’re constantly looking for new ways to bring experiences and services to our customer that they wouldn’t expect from a travel insurer. Being able to help them instantly in a time of frustration, like a flight delay, can be such a surprising experience for a customer. When we found Blink, we instantly knew we wanted to partner with them. They’ve proven themselves all over the world as a leading parametric travel insurance tech provider. Our customers are super excited to start using this new service."
Zurich-backed travel insurtech Pluto has partnered with real-time flight disruption solutions provider Blink to offer tourists parametric travel insurance. The new service will be available for all passengers on the Zurich and Basel airlines; it is expected that this insurance product will cover up to 50 percent of a traveler’s ticket price in case of Pluto said it aimed to encourage millennial travellers to ensure they had proper insurance protection when abroad.