RCS - CPPGroup Plc - Blink Parametric signs Blue Cross extension

CPPGroupAnnouncement

20/12/2023 07:15

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RNS Number : 3474X  CPPGroup Plc  20 December 2023

CPPGroup Plc (the "Group" or the "Company")

Blink Parametric signs contract extension with Blue Cross

 

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, is pleased to announce a contract extension with a
key client for Blink Parametric ("Blink"), the Group's InsurTech business.

Blink has signed a three-year contract extension with Blue Cross, one of
Canada's largest Travel Insurers. This contract will see Blink's parametric
flight delay solution continuing to be included within travel insurance
policies sold by Blue Cross across multiple provinces including Ontario and
Quebec. Following a notable increase in policy volumes in 2023, Blue Cross
forecast further growth in policies which include Blink's services through a
combination of organic growth and access to the broader Blue Cross network.

 

Blue Cross, in 2018, was first to launch Blink's parametric flight disruption
solution into the Canadian market and earlier this year was one of the first
partners to migrate onto Blink's new user experience platform. This contract
extension to some extent reflects the long-term relationship between the two
businesses but more importantly, it reflects the value that Blink's parametric
services add to the broader Blue Cross proposition. Blink's solutions allow
Blue Cross to help in real-time their customers who have had the misfortune to
suffer a flight delay.

 

Sid Mouncey, CEO of Blink Parametric, commented:

"We are pleased to have signed this contract extension with Blue Cross as it
underlines not only the strength of our long-term collaboration with a key
North American client but also it represents a clear endorsement of the value
and quality of the services that Blink provides to both its clients and their
end customers."

 

 

Enquiries:

CPPGroup Plc
 
Tel: +44 (0)7917 795601

Simon Pyper, Chief Executive Officer

David Bowling, Chief Financial Officer

Sid Mouncey, CEO Blink Parametric

 

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 on Blink visit https://blinkparametric.com
(https://blinkparametric.com)

 

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://corporate.cppgroup.com/

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