Irish InsurTech Blink Parametric named in The InsurTech100 for 2020
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 of the world’s leading InsurTechs has made it onto The InsurTech100 for a second consecutive year. The InsurTech100 is an annual list of the world’s most innovative solution providers addressing digital transformation challenges and opportunities within insurance as selected by a panel of analysts and industry experts.
This is another significant milestone for the company as it follows Blink’s selection in August for the fifth cohort of the prestigious Lloyd’s Lab innovation accelerator programme which is set to showcase its latest product solution Blink Interruption later this month.
Speaking of today’s announcement by FinTech Global, the specialist data and research provider and the organisation behind The INSURTECH100, Blink’s co-founder and CEO Paul Prendergast said:
“This is a great day for all of us in Blink Parametric. I see the wealth of InsurTech innovation driving change in our industry at an extraordinary pace right now, so to be selected and recognised from over 1,200 companies is a huge honour. This recognition motivates us to keep doing what we do best, prioritising the delivery of superior service experiences with simple, intuitive, online products that solve real problems not only for the insured but for insurers too.”
FinTech Global director Richard Sachar said, “Established insurance companies need to be aware of the latest innovation in the market in order to remain competitive in the market post Covid-19 which is heavily focused on digital distribution and increased use of customer data. The InsurTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as underwriting, pricing, IoT devices, customer experience and data & analytics”.
Nearly $17bn has been invested in InsurTech companies since the beginning of 2017, according to figures published by FinTech Global. A full list of the InsurTech100 can be found at www.TheInsurTech100.com.
Blink successfully launched Blink Travel in 2016. Having proven the platform with their world-wide flight disruption solution which enables companies to communicate with their customers in real-time, offering alerts, status updates, service benefit options and importantly, compensation, it launched Blink Parametric in 2020, offering a full suite of parametric insurance solutions. Blink Interruption –designed to address fast payments providing liquidity quickly to SMEs faced with temporary business closure as a result of an insured risk event occurring is the latest product in its portfolio.