Blink Parametric, a CPP Group Insurtech, has partnered with MNK Re, a specialist Lloyd’s of London insurance and reinsurance broker to expand its offerings.
Founded in 2016, Blink is a Parametric as a Service (PAAS) InsurTech, focused on a flight disruption travel insurance solution. It launched Blink Parametric in 2020, offering a full suite of parametric insurance solutions.
The collaboration will see the early rollout of Blink’s flagship parametric flight disruption solution with further pipeline parametric insurance opportunities for its diverse weather, climate, energy and bancassurance offerings being explored as part of the MNK Re innovation partnership service to its clients.
Manoj Kumar, group chief executive and managing director at MNK Re, said, “Using the Blink platform and its “engine” demonstrates MNK Re’s unwavering commitment to superior service delivery and our customer-centric approach.
“As the travel market reopens, the unique real-time service delivers the speed and convenience that our clients both demand and deserve. It is clear that the future of insurance lies in the accessibility of simple, relevant and effective insurance coverages that better protect policyholders.”
Harry Titherley, head of innovation at MNK Re added, “The wider opportunities that parametric re/insurance solutions bring, could have a game-changing effect in addressing a wide range of risks from climate change, natural catastrophes and extreme weather through to variations in energy consumption. This is just the beginning.”
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