CPP Group’s InsurTech company Blink celebrates its debut in the prestigious INSURTECH100 for 2019
Blink, part of CPP Group Plc and one of the world’s fastest growing Travel InsurTechs has made it onto the INSURTECH100. The INSURTECH100 is an annual list of the world’s most innovative InsurTech companies that are solving significant industry problems, generating cost saving or efficiency improvements within insurance as selected by a panel of analysts and industry experts.
CPP Group’s InsurTech company is now a world leader in parametric insurance product innovation, transforming its clients’ complex offerings into superior service experiences with simple, intuitive, online products. The company is driving international expansion for the Group with a host of global partners within insurance and financial services including Manulife and Blue Cross Canassurance, delivering their innovative solution to over 250k customers.
This is just the latest highlight in Blink’s 3-year growth story, which since its inception in 2016, has seen it grow from a 2-man start up to a trailblazing InsurTech. Blink made it onto the list amidst strong competition in an industry which is growing at breakneck speed. According to FinTech Global, the specialist data and research provider and the organisation behind INSURTECH100, the InsurTech industry has seen huge growth in the last two years as insurance companies grapple with the challenges of digital transformation and new demands from customers.
Speaking of the announcement, Blink’s CEO Paul Prendergast said:
“We are honoured to be named amongst the best and brightest in the global InsurTech industry. Selected from a pool of more than 1,000 companies and being awarded such recognition makes this a very proud day for us. Three years after we started Blink we continue to grow at speed, driven by our product innovation, Insurance partnerships and our ambition to provide InsurTech solutions to end users in every corner of the world.”
Richard Sachar, Director of FinTech Global commented:
“The companies on this list are the ones that every leader in the insurance industry needs to know about as they consider and develop their digital transformation strategies.”
Blink successfully launched Blink Travel in 2016, offering an innovative, real-time, data driven travel disruption solution. Real-time event notification allows for real-time problem resolution. When a flight is delayed or cancelled the traveller is immediately offered service choices that can instantly remove the stress and consequences of the disruption ranging from airport lounge access, instant cash reimbursement, hotel arrangement and flight re-booking.
Paul continues:
“Being able to differentiate ourselves from other businesses in the industry is crucial. What we offer is unique and has a ‘wow’ factor that delivers an extraordinary impact for our partners as they push ahead with their InsurTech transformation objectives. We’ve signed some huge partnerships over the last 24 months, and we have others in the pipeline to be announced this year, so the future is exciting, and this recognition is the perfect acknowledgement and motivator for our team to keep delivering excellence.”
Blinks parametric insurance platform is truly innovative in the global insurance market and CPP Group are excited by the growth and value opportunity this presents.
To see the full INSURTECH100 list click here.