Product

Blink Energy

CPP
CPP

Product

Blink Energy

Exposure to frequent and unpredictable environmental changes is now impacting on our energy consumption levels

Blink Energy Parametric Insurance Solution can be designed to monitor the increase or decrease in energy usage during a pre-defined time period. Based on data-led assessment, it can deliver insurance cover, as oil, gas, electric and renewable energy shifts in terms of demand and cost. To find out more get in touch today.


Get in touch

Exposure to frequent and unpredictable environmental changes is now impacting on our energy consumption levels

Blink Energy Parametric Insurance Solution can be designed to monitor the increase or decrease in energy usage during a pre-defined time period. Based on data-led assessment, it can deliver insurance cover, as oil, gas, electric and renewable energy shifts in terms of demand and cost. To find out more get in touch today.

CPP

Blink Energy monitors IoT system performance day in, day out, round the clock

- Blink Energy

Solutions for our Partners

CPP Innovation

API Solutions for quick delivery.

CPP Innovation

White label and configurable to your needs and API.

CPP Innovation

Full report suite and dashboard functionality.

CPP Innovation

Parametric product bundled with real-time solution

How It Works

Blink Energy

Parametric Insurance Technology Solutions

Meet Jennifer

Jennifer purchases insurance policy via Blink Energy

Jennifer selects cover on chosen risk and agrees parameters

Payment issues...
FAST!

Immediate claims decision

Event occurs and claim is registered on platform

Scenario 1

Problem


Sub-zero temperature

Temperature has dropped to sub-zero degrees during a fixed calendar period. You have insurance for this risk.


Action

Assessment

Software plugs into weather data and automatically registers sub-zero temperature within your date range


Remedy

Compensated

You get paid €50 automatically (or it can be a credit on your ACME Energy bill).


Scenario 2

Problem

Above-norm temperature

Temperature increases above the seasonal norm during a fixed calendar period. You have insurance for this occurring.


Action


Assessment

Software plugs into weather data and automatically registers consistent above-norm temperature within your date range.


Remedy

Compensated

You get paid €50 automatically (or it can be a credit on your ACME Energy bill).


Scenario 3

Problem

Power Outage

Power outage for more than one hour. You have insurance for that event occurring.


Action


Assessment

Software plugs into national grid and automatically registers power outage.


Remedy

Compensated

You get paid a fixed amount of €100 to cover freezer content losses.


Proven Success for Jennifer

"Have a good day"

Solutions delivered in minutes; Immediate claims decision; Payment or credit issued …FAST!!

24/7 Dark Web Monitoring
Immediate alerts
Action & reduction plans provided
Helping clients take back control

"Have a good day"

What are the benefits of Blink Energy?

Enhanced customer experience

Simple, intuitive interface for ease of use; hassle-free, immediate self-service claims decision and payout.

Product Innovation

Enabling the launch of insurance products leveraging smart contracts. Low-cost delivery model with no requirement for high-cost 3rd party administrators.

Cost-down opportunities

Dramatically reduces claims processing time; accelerates payments and increases customer satisfaction.

Sustainable investment

Designed for cost effective launches of multiple insurance products.

API Delivery

API delivery ensures low integration effort and fast product launches.

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No one likes travel disruption when they’re flying. Blink offers customers a proactive real-time insurance service that meets the speed and convenience that modern customers demand.


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Blink Climate

Metric-based insurance solution adaptable to risk factors including climate change, extreme weather and natural disasters. The potential is limitless.


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Blink Energy

Parametric insurance technology solution adaptable to such risk factors as domestic appliance and industrial-led IoT.


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