Predict your next investment

INTERNET | Internet Software & Services / Advertising, Sales & Marketing
blinkit.co.il

See what CB Insights has to offer

Founded Year

2007

Stage

Acquired | Acquired

About Blink

Blink is a social media agency that helps brand analyze, understand, and integrate social media in a variety of ways.

Blink Headquarter Location

Tuval 11

Ramat Gan, 52522,

Israel

+972 3-575-6071

Latest Blink News

Chubb launches new insurance brand

Mar 15, 2021

| Insurance Business Easy, effortless and affordable insurance at the BLINK of an eye? That’s what Chubb is shooting for with its new brand, BLINKSM by Chubb (Blink), which aims to simplify insurance for digitally savvy consumers. Blink is a digital suite of Chubb-backed consumer insurance products. It is designed to provide flexible, customizable coverage options via modular insurance policies that are written in plain, understandable English. Chubb describes the coverage as “crafted for consumers who are just beginning to identify their insurance needs and for those who know exactly what coverages they want.” The first Blink product, available now in 25 states, is personal cyber protection. With the digital economy at an all-time high – a state helped on by the COVID-19 pandemic and the resulting work from home, learn from home environment – insurance organizations are under pressure to meet consumers where they’re at. Millennials now make up America’s largest living adult generation. In researching Blink, Chubb spent a lot of time with millennials and digitally savvy consumers, and the one thing that most agreed on was a desire for convenience and having insurance solutions that meet their needs in a simple and straightforward way. “Even though their biggest concerns were things like financial security and their family’s health, many millennials did not really feel that insurance was meeting their needs,” said Laura Bennett (pictured), senior vice president of eConsumer for Chubb in North America. “Most wanted an insurance solution in a digital format, which fit into their world and how they live their lives. That helped us shape our design and approach to the Blink brand. We also went to potential partners and asked them where they see insurance fitting into their customers’ purchase path to create added value and increase customer loyalty. That’s where personal cyber protection really resonated. It’s a product that everyone has a need for and is something that potential partners would like to offer to their customers.” Simple and straightforward are not terms typically associated with insurance. That’s something that Chubb, the world’s largest P&C insurance company, has set out to address with Blink. “Blink reimagines how customers experience insurance in the digital world,” said Bennett. “Firstly, as a modular policy, there are general terms and conditions that apply to all insurance [within Blink]. Think of it like an ice-cream cone. The cone itself is the general terms and conditions, and then the scoops of ice cream are the different coverages. They can be small or large, or they can cover one event or multiple years. It enables ‘easy to manage’ insurance for consumers. “Another differentiator is that Blink policies are going to be written in plain and consistent language across all coverages. In the future, we plan to introduce a large suite of property & casualty coverages, as well as life, accident and health (LAH) coverages. Those two categories – P&C and LAH – typically have very different policy language, but our idea is to make the Blink policy language simple, consistent and straightforward for consumers to understand.”

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Blink

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Blink in 1 CB Insights research brief, most recently on Mar 4, 2021.

Expert Collections containing Blink

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Blink is included in 2 Expert Collections, including CES 2018 Exhibitors.

C

CES 2018 Exhibitors

760 items

Companies that will be exhibiting at CES 2018

C

Conference Exhibitors

5,302 items

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.