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
or follow Blink's progress through its LinkedIn
page -
www.linkedin.com/company/blink-parametric-insurance/
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.