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March 23, 2022

Blink Parametric taps MNK Re to expedite flight disruption solution rollout

CPP Group Insurtech Blink Parametric has partnered with MNK Re, a specialist Lloyd’s of London insurance and reinsurance broker to facilitate early launch of its parametric flight disruption solution.

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The collaboration will also explore other parametric insurance opportunities for different weather, energy, climate, and bancassurance offerings.

Blink Parametric CEO Sid Mouncey said: “In MNK Re, we have a partner that shares our vision for pure Insurtech innovation. Together we will be designing and delivering simple, intuitive, online products across the Blink platform to a global client base.

“We are excited that our flight disruption solution will lead the way, followed by increasingly relevant climate and energy solutions, allowing us to showcase the outstanding partner and customer experience that MNK Re has established as its standard.”

MNK Re Group CEO Manoj Kumar 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.”

Founded in 2016, Blink focused on its flight disruption travel insurance solution. It allowed companies to communicate with their customers in real-time and provide alerts, status updates, service benefit options as well as compensation.

In 2020, the company introduced Blink Parametric, which provides a complete suite of parametric insurance solutions.

Free Whitepaper
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Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

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