Unforeseen flight delays can be frustrating and disrupt travel plans, causing inconvenience and additional expenses for travelers. AMA Affinity's Parametric Flight Delay Protection is a unique and innovative solution designed to address this concern. This product offers insurance providers and businesses the opportunity to enhance their offerings by providing instant compensation to travelers when their flights are delayed.
Swift Reimbursement: Our parametric approach allows for quick and efficient claim processing. Compensation is triggered automatically when predefined conditions for flight delay are met, ensuring travelers receive prompt reimbursement.
Customizable Triggers: Insurance providers can tailor the product to match specific needs and risk profiles. Define the conditions that will activate the coverage, such as a specific duration of delay or missed connecting flights.
Seamless Integration: Parametric Flight Delay Protection seamlessly integrates with existing insurance products, complementing the overall travel insurance offering.
Customer Satisfaction: Travelers will appreciate the hassle-free experience and prompt compensation, increasing customer satisfaction and loyalty.
Risk Mitigation: Insurance providers can manage risk exposure more effectively by adopting a parametric approach, enabling more accurate underwriting.
(Member gets real-time flight status notification)
