- Business
- CPPGroup Plc CPPGROUP PLC (CPP.L) is a United Kingdom-based technology-driven assistance company that creates and delivers embedded and ancillary real-time assistance products and resolution services, primarily through its parametric InsurTech platform Blink, which operates as a parametric-as-a-service (PaaS) model focused on travel disruption, lost luggage, flight delays, and cybersecurity solutions; the company also offers card protection insurance, mobile phone insurance, homecare insurance, emergency assistance, and lifestyle services including crime protection, legal aid, and healthcare cost savings. CPPGroup Plc maintains operations in key markets including India, Turkey, the UK, Spain, and internationally across financial services, telecommunications, and travel sectors, serving business-to-business-to-consumer models with over 5,000 employees. Founded in 1980 by Hamish Ogston and headquartered in Leeds, United Kingdom, with a registered office at 51 Lime Street, London, the company lists on the London Stock Exchange's AIM market and includes subsidiaries such as CPP Holdings Ltd., CPP Assistance Services Pvt Ltd., Homecare Insurance Ltd., and Cppgroup Services Ltd.
In recent strategic shifts, CPPGroup Plc completes its exit from legacy operations by agreeing in July 2025 to sell its Indian subsidiary, CPP Assistance Services Private Ltd., for USD21 million to OneAssist Consumer Solutions Private Ltd. and Bolttech Device Protection India Private Ltd., following the June sale of its Turkish business, CPP Sigorta Aracilik Hizmetleri Anonim Sirketi, for £4.6 million to Mehrwerk GmbH, which agreed to distribute Blink's cybersecurity products; these disposals, representing over 94% of 2024 group revenue from India alone, enable full focus on Blink, which grew to £1.6 million in annual recurring revenue by 2024 and launched flight disruption and lost luggage solutions via partnerships including Protect Group and Just Travel Cover. Proceeds fund Blink expansion, loan repayment to Barclays Plc, and cost-cutting initiatives detailed in the half-year report, while earlier moves included the 2018 acquisitions of Valeos consultancy and a stake in cyber risk startup KYND. The company operates under CEO Simon Pyper, with recent board additions like COO Eleanor Sykes, positioning it for growth in parametric insurance amid streamlined operations.