TIDMCPP

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         Tel: via Alma PR 
  Officer 
  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/

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

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November 10, 2022 06:00 ET (11:00 GMT)

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