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Insurtech Blink to help SMEs with insurance claims

Ireland-based insurtech Blink has announced the latest offering in its suite of parametric insurance solutions meant to cut average business interruption claims processing time.

The Hurricane Non-Damage Parametric Insurance solution provides liquidity to small and medium-sized businesses in the immediate aftermath of an insured event (a hurricane), thereby reducing overall claims totals as a direct result of early intervention. It uses automated financial validation and immediate pay-out solutions to allow businesses to get access funds days after the event occurs.