October 25, 2022
Blink Parametric named in the InsurTech100 for 2022
The top 100 tech companies transforming the global insurance industry are announced by FinTech Global
InsurTech sector predicted to reach a market size of $114bn by 2030
Cork, Ireland 25th October 2022 – Blink Parametric, one of the world’s leading InsurTechs has made it onto The InsurTech100 for 2022. Selected from a list of 1,800 companies by a panel of analysts and industry experts, the listing recognises Blink Parametric among innovators and pioneers providing solutions to the most pressing challenges faced by the insurance industry.
Speaking of today’s announcement by FinTech Global, the specialist research firm and the organisation behind The INSURTECH100, Blink Parametric’s Chief Commercial Officer, Carl Carter said:
“We are truly honoured to be recognised among the best in the world at what we do as a top 100 tech company transforming the global insurance industry. Solving industry problems for insurers and for policy-holders and generating efficiencies across the value chain were key criteria in this selection process and that is our space.
Our mission remains focussed on prioritising the delivery of superior service experiences for customers when they experience disruption in their daily lives, with our simple, intuitive, real-time digital assistance solutions delivered direct to them in their time of need. We do this with flight disruption, lost luggage, business interruption and cyber real-time digital assistance products across our parametric platform and are excited by the increasing speed of transformative change that is happening right now as both the insurance industry and customer embrace these real-time solutions.”
FinTech Global director Richard Sachar said, “Faced with seismic shifts in consumer behaviour, the so-called “race to digitalise” and challenging market conditions, insurers have their work cut out for them. The InsurTech100 lists helps senior insurance executives in the industry filter through the noise in the market by highlighting the tech companies transforming sectors such as underwriting, embedded insurance, pricing, distribution and data & analytics.”
InsurTech companies have been at the forefront of tackling insurance industry challenges with the sector predicted to grow at a CAGR of 46%, to reach a market size of $114bn by 2030, according to figures published by FinTech Global.
A full list of the InsurTech100 can be found at www.TheInsurTech100.com.
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About FinTech Global
FinTech Global is the world’s leading provider of FinTech information services, B2B media products and industry events. We inform, promote and connect FinTech buyers, sellers, investors and innovators worldwide. We serve a network of over 300,000 FinTech professionals from market-leading organisations.
A full list of the InsurTech100 for 2022 and detailed information about each company is available to download for free at www.TheInsurTech100.com. For more information, please visit: www.FinTech.Global
About Blink Parametric
Blink Parametric is a multi award-winning insurtech company that 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 weather sector and online personal data monitoring and cyber solutions.
It partners globally with insurance and financial services companies in Asia, Europe, North America and Central and Latin America. Blink was founded in 2016 and became the first Insurtech in the FCA (UK) Sandbox programme and was acquired by CPP Group (AIM CPP) in March 2017. Since then, Blink Parametric made TheINSURTECH100 (2019, 2020, 2022), an annual list of the worlds’ most innovative InsurTech companies. Selected to join Cohort 5 of the prestigious Lloyd’s Lab innovation accelerator programme in 2020, it developed a market-ready Business Interruption offering. It has progressively expanded its services platform to become a world leader in parametric insurance product innovation, winning various awards including Best Use of Technology for Customer Experience and Best Customer App in the 2022 Insurance Times Tech & Innovation Awards.
For further information visit https://blinkparametric.com
About CPP Group
CPP Group is a technology-driven assistance company that creates embedded and ancillary assistance products and resolution services that reduce disruption to everyday life for millions of people around the world, at the time and place they are needed. These products are provided through partnerships with leading insurance, banking and finance companies as either embedded solutions or as relevant add-ons to enhance their core offering and deliver additional revenue streams. CPP is listed on AIM, operated by the London Stock Exchange.
For more information about CPP visit https://international.cppgroup.com
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