RCS - CPPGroup Plc - New Blink Parametric partnerships

CPPGroupAnnouncement

10/12/2024 07:00

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RNS Number : 4086P  CPPGroup Plc  10 December 2024

 

CPPGroup Plc

(the "Group" or the "Company")

New Blink Parametric partnerships

New partnerships include a launch with AXA Partners across nine markets

CPP Group (AIM: CPP), a provider of real-time assistance services which reduce
disruptions to everyday life for millions of customers across the world,
provides an update on new business wins and contract extensions for Blink
Parametric ("Blink"), the Group's growing InsurTech business.

Since the start of the financial year, Blink has added 10 additional partners
generating £0.5 million of Annualised Recurring Revenues ("ARR"). In
addition, Blink has secured 100% renewal rates (on contracts due for renewal
in 2024), which is a strong indicator of the quality and value of Blink's
services.

Blink is now supporting 27 partners across 22 markets led by its strategy of
partnering with large-scale global or regional insurance companies and driving
growth across their multiple geographic markets.

Key partner highlights for FY 2024 include:

·    New Partner: AXA Partners ("AXA"), part of the AXA Group who are one
of the largest global travel insurers. The launch sees Blink's flight delay
solution being provided to AXA's partner, Hong Kong Express (a leading airline
across Asia) in nine markets, as part of their 'U-First' product. This is
Blink's first agreement with AXA and first deployment with a multi-national
airline.

·    Contract Extension: Blink has extended its partnership with Zurich in
Asia Pacific, following the initial launch in Singapore, with a deployment
into the Indonesian market.

·    Contract Extension: Blink has widened its relationship with MAWDY
(part of the Mapfre Group) with further brands using our services in Ireland
and an agreement to launch into Africa in early 2025.

·    New Partner: In Germany, Blink has partnered with Berlin Direkt
Versicherung, an online insurance specialist (part of the HanseMerkur
Insurance Group, a leading German insurer).

·    New Partner: In the UK, Blink has contracted with two travel
insurance brands - Travel Insurance Saver (a Rothwell & Towler Ltd brand)
and InsurTech Gigasure.

·    New Partner: Blink has also signed a global framework agreement with
Protect Group, a leader in ancillary travel products to travel operators,
airlines, and online travel agents.

 

Sid Mouncey, Chief Executive Officer of Blink Parametric commented:

"We have made considerable progress during the year, adding new partners,
extending partner contracts into additional geographies, and securing 100%
renewals. With an expanded footprint across new markets and strong existing
partner relationships, we will exit the year with a solid pipeline of new
business opportunities, and expect to make further good progress during 2025."

 

Enquiries:

 

CPPGroup Plc
 
 

Simon Pyper, Chief Executive
Officer
via Alma Strategic Communications

David Bowling, Chief Financial Officer

Sid Mouncey, CEO Blink Parametric

 

Alma Strategic Communications
 
CPP@almastrategic.com

Josh
Royston
Tel: +44 (0)20 3405 0205

Andrew Jaques

David Ison

Kieran Breheny
 
 

 

 

About Blink Parametric:

Blink Parametric is a B2B SaaS company that creates innovative, white-labelled
solutions to enhance the services and customer experiences of the world's
leading insurance companies. Blink's data-driven technology solutions deliver
real-time assistance, automated claims processes and resolution services.
Blink's Travel Disruption and Cyber Security solutions provide product
enhancement and differentiation for its insurance partners whilst improving
the experience of their customers by delivering assistance and resolution
during stressful events such as flight delays and cancellations, lost luggage
and compromised online data.

 

For further information on Blink visit https://blinkparametric.com
(https://blinkparametric.com) or follow Blink's progress through its LinkedIn
page - www.linkedin.com/company/blink-parametric-insurance/
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fblink-parametric-insurance%2F&data=05%7C02%7CDavid.Bowling%40cpp.co.uk%7Cb5abf0a0bcae460cb60a08dc111f183b%7C06e07a9adf58456baf4cb72626d55674%7C1%7C0%7C638404072465748902%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=NlVwWIdqekoV%2Fa%2BzG19f5l3K7FxshxToVNjCISbG76k%3D&reserved=0)

 

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 visit
https://corporate.cppgroup.com (https://corporate.cppgroup.com)
/

 

 

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