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Blink, the Group’s parametric InsurTech business, is making considerable progress providing Travel Disruption and Cyber solutions to 28 partners across 22 geographies. Blink increased ARR by 62% to £1.6 million. Blink’s solutions and strong roster of large global insurance companies provide an opportunity for rapid medium‑term value creation.

Blink’s technology solutions drive additional sales of partners’ core products, increase their average revenues, improve customer retention and reduce claims processing time and costs. These factors lead to multi-year contracts with 100% renewal rates which add to the reliability of Blink’s growing revenue streams and value accretion.

A simplified structure has seen the business transform into a digitally focused business led by Blink, supported by CPP India and CPP Turkey. Non-core investments have been exited, including recent divestments of Globiva, KYND and CPP Italy. These actions increase the Group’s focus and resources to accelerate progress in Blink, which, with attractive economics to scale rapidly, will drive value creation.

We have established businesses in India and Turkey. Both businesses have long-standing partnerships with major banks and non-banking financial companies where we provide products and services that bring them ancillary revenue streams, profit and customer loyalty. India is an exciting market, with a growing middle class and relatively strong GDP growth which will continue to fuel our addressable market.