Panzly, the first flight insurance for delays or cancellations with automatic and immediate payouts, will introduce it's new innovation at Travel Technology Europe (TTE) as part of the Disrupt Launchpad.

Panzly was chosen among other products for its unique concept and ultra-fast technological solution to everyday issues. In the shortest term less than a coffee break at the airport, Panzly automatically triggers the compensation in the event of a 2 hour delay, regardless of the reason for the delay or cancellation.  

The service stands between airline ticket vendors or flight aggregators, insurance companies and their clients, becoming a new revenue channel and improving the customer experience, such as loyalty programmess for premium customers.

More than 120K flights were cancelled last year within Europe only; about 680 flights are cancelled every day around the globe. Unexpected weather conditions, the human factor, etc. create issues for insurance companies and their clients on a daily basis. A huge part of claims stay open for years because of bureaucracy and tons of unnecessary protracted paperwork. Panzly’s AI-driven automatic assistance solves all outdated problems with just a few clicks.

The winner of the Disrupt Award will win a booth at next year’s Travel Technology Europe worth £8000, along with valuable PR and marketing support. Voting for the five finalists opened on February 2, 2019.

Live pitches will take place on February 20th at 4:30 pm in the Innovation Theatre.

For more information on Panzly, visit panzly.com.

Panzly, the first flight insurance platform from delays and cancellations with immediate payouts, was found in 2018 by Alexey Gayduk, mentor at Hartford Insurtech Hub, CEO Fortifier. Fortifier is a leading provider of reliable engineering solutions for insurtech and insurance companies, member of Kharkiv IT Cluster.