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Check out our CEO Paul Prendergast in conversation with Alex Bond of Finpro on the below podcast. Highlights include: How parametric solutions reduce the unit cost of insurance, How starting with the end customer can be the wrong approach – Blink start with the underwriter and how attitudes of successful Instech startups in 2021 are different to 5 years ago – less adversarial impact of social media on insurance.
Listen to the full podcast here:
Irish InsurTech Blink Launches New Business Interruption Solution Developed Within The Prestigious Lloyd’s Lab Innovation Accelerator Programme
Blink Interruption – Key Features
Open Banking Validation: real-time monitoring and large-scale integration with 11,500 banks and credit unions enables automatic claim validation and is sufficient to prove the hurricane’s impact on the business.
Early liquidity provided post-event will allow businesses to recover and reopen. Prendergast advised, “Traditional business interruption claims on average take between 6 months and 2 years by which time, it is too late. Blink Interruption offers early intervention when it matters most to business owners.”
George Beattie, Lloyd’s Lab mentor and Head of Incubation Underwriting at Beazley, and global insurer with offices in Europe, Asia, and across North America added, “Blink have built an innovative concept in 10 weeks that offers a novel solution to a real challenge facing our industry- providing fast business interruption validation and claims processing. The product’s simplicity, transparency and real-time service enables insurers to support customers in their time of need. The solution offers insurers significant potential in enhancing the quality of claims servicing- an essential element of customer success. Beazley has ambitious plans with regards to product innovation and parametric products form an exciting part of the landscape. As a result of mentoring Blink during their Lab experience, we are looking forward to exploring parametric opportunities together and seeing how we can deliver ground-breaking new products to market”.read more
The top 100 pioneering companies transforming the global insurance industry were announced today by FinTech Global Nearly $17bn has been invested in InsurTech companies since the beginning of 2017. Cork, Ireland 4th November 2020 – Blink Parametric, one...read more
Blink Interruption, a parametric insurtech insurance solution for business interruption insurance, coming soonread more
The top 10 ‘disruptor’ InsurTech companies announced today by Lloyd’s Lab were selected from over 140 worldwide applications Blink earned its place today as 1 of just 10 InsurTechs selected following a competitive ‘virtual pitch’ process that had 140 of the...read more
We are delighted to hear that Blink Parametric is a finalist in the Technology Innovation of the Year category of the Insurance Times Tech & Innovation Awards 2020. Good luck to everyone involved.read more
Blink CEO, Paul Prendergast, shares the challenges the company has been facing during Covid-19 and how the business is adapting to these challenges. He also provides his top piece of advice he would give to another SaaS CEO in this SaaStock blog. Biggest challenge(s)...read more
All companies are focussing on digital transformation as they endeavour to meet the rapidly changing needs and expectations of their customers. Customers want fast, intuitive and personalized experiences across touchpoints, with the result that they are now comparing...read more
Latest Blog from Paul Prendergast, CEO Blink, on how Parametric InsurTech can build operational efficiency in the Insurance sector in a post COVID-19 world
How Parametric InsurTech is critically important for the long-term future of the Insurance sector in a post COVID-19 world. By Paul Prendergast – CEO Blink, a CPP Group Company Right now, our priorities are rightly focussed on the health and safety of our families and...read more
Blink adds Blink Luggage to Travel Insurance Platform as it expands real-time insurance solutions in readiness for a post-COVID-19 world We are really excited to launch Blink Luggage and continue building the next generation of Travel Insurance services in a...read more