CPPGroup Plc Blink Parametric new client wins
2023年6月26日 - 5:00PM
RNSニュース (英語)
TIDMCPP
CPPGroup Plc
26 June 2023
CPPGroup Plc
("CPP Group", the "Group" or the "Company")
Blink Parametric new client wins.
CPP Group (AIM: CPP), a provider of real-time assistance
products and resolution services which reduce disruptions to
everyday life for millions of customers across the world, provides
an update on new business wins for Blink Parametric ("Blink") the
Group's InsurTech business.
Blink continues to make good progress and has recently launched
its Flight Delay solution into the United States, United Kingdom,
and Italian travel insurance markets.
United States
Blink has launched its Flight Delay service in the US, the
world's largest travel insurance market, with Awaycare, and Travel
Insured International (TII), a travel brand owned by Crum &
Forster (a large US-based provider of speciality insurance).
United Kingdom
In the UK, Blink has launched its Flight Delay solution with
GetCover.com, a direct-to-consumer travel insurance brand.
Deployment of Blink's services is via the Magenta Insurance
Platform which is the leading policy administration system for the
UK travel insurance market.
Blink's services are now available on Magenta as a configuration
option which will allow faster deployments to UK-based travel
insurance providers who adopt Blink's services as part of their
product offer.
Italy
Within the Italian market Blink has partnered with the largest
travel insurance provider in Italy, Europ Assistance, who are one
of the world's leading insurance companies in the private
assistance sector.
The new client launches announced today are not in themselves
material to Blink's revenue projections for 2023 or 2024, they do
however further endorse the Board's view of the broad appeal of
Blink and provide real proof points of the relevance and benefits
of its Flight Delay products and services to the global travel
insurance market. Furthermore, they validate Blink's strategy of
working with large-scale insurers that operate in multiple
geographies.
Awards
Blink has also been recognised by the Insurance Times Claims
Excellence awards in the UK in May 2023. Blink won Gold in two
categories 'Claims Product Solution of the Year' and 'Customer Care
Solution of the Year'.
Sid Mouncey, CEO of Blink Parametric, commented:
"We are making good progress against our strategic objectives
and the launches in the US, UK and Italian markets for our Flight
Delay solution demonstrates this. Additionally, our approach of
working with well-regarded large-scale insurance brands is starting
to bear fruit and Blink is now partnering with a number of
reputable clients who are well-known within their respective travel
insurance markets. We have a promising pipeline of opportunities
and look forward to reporting further progress in the months
ahead."
Enquiries:
CPPGroup Plc
Simon Pyper, Chief Executive Tel: via Alma PR
Officer
David Bowling, Chief Financial
Officer
Sid Mouncey, CEO Blink Parametric
Alma PR
(Financial PR Adviser) Tel: +44 (0)20 3405 0205
Josh Royston
David Ison
Kieran Breheny
About CPP Group:
CPP Group is a technology-driven assistance company that creates
embedded and ancillary real-time assistance products and resolution
services that reduce disruption to everyday life for millions of
people across the world, at the time and place they are needed. CPP
Group is listed on AIM, operated by the London Stock Exchange.
For more information on CPP Group visit
https://international.cppgroup.com/
About Blink Parametric
Blink Parametric transforms its clients' traditional insurance
offerings into superior service experiences with simple, intuitive,
and transparent parametric products. Its proven platform serves as
the conduit for high frequency, low severity claims across travel,
with flight disruption and lost luggage solutions as well as
developing solutions within the travel sector and online personal
data monitoring and cyber solutions. It partners globally with
companies in Asia, Europe, and North America.
For further information visit https://blinkparametric.com
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