RCS - CPPGroup Plc - Blink Parametric wins global travel sector awards

CPPGroupAnnouncement

10/11/2022 11:00

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RNS Number : 0011G  CPPGroup Plc  10 November 2022

 

10 November 2022

CPPGroup Plc

("CPP Group", the "Group" or the "Company")

 

CPP Group's InsurTech, Blink Parametric, wins global travel sector awards

 

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, announces that its InsurTech, Blink Parametric,
has been awarded Outstanding Industry Contribution of the Year at the
prestigious International Travel & Health Insurance Journal (ITIJ) Awards.

 

The award win follows Blink's listing in FinTech's Global's 'InsurTech100' for
2022. The InsurTech100 list was selected from a list of 1,800 companies by a
panel of analysts and industry experts. Since the awards, Blink has secured
membership in the India InsurTech association and contracted with a new
client, Salaam Takaful, which is a further exciting launch into the Asian
market.

 

Blink currently targets the global travel sector with parametric flight
disruption and lost luggage solutions. The Group's strategy and change
management announcement made on 19 October 2022, noted Blink's increasingly
more prominent role in the Group as it pursues its strategic ambition of
migrating to an InsurTech business.

 

Sid Mouncey, CEO of Blink Parametric, commented:

"We are incredibly proud that Blink has been recognised in this way. These
awards highlight that we're getting it right for our business partners and
customers while continuing to innovate. Travel is still on a recovery path
after a very challenging two years, and now, more than ever, with the
significant increases in disruption in airports, the travel experience needs
to be reinforced with services that build traveller confidence while providing
impacted companies with transparent customer experiences that build loyalty,
increase lifetime value, and reduce churn."

 

Simon Pyper, CEO of CPP Group, commented:

"CPP Group remains focused on assisting customers with effective and timely
services that reduce the disruptions of daily life. Blink offers the Group a
differentiated suite of innovative products and as part of the recently
announced Change Management Programme we will invest in people, processes and
structures to build a fully scalable business. We are encouraged by Blink's
progress, particularly in the travel disruption market and we will look to
scale the business through market penetration and further product development
opportunities."

 

 

Enquiries:

 CPPGroup Plc
 Simon Pyper, Chief Executive Officer     Tel: via Alma PR

 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/
(https://international.cppgroup.com/)

 

 

About Blink Parametric

Blink 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
(https://blinkparametric.com/)

 

 

 

 

 

 

 

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