Aug 26, 2020

Breathe Life raises CA$11.5m to enhance digital distribution

Breathe Life
Digital distribution
Insurance
National Bank of Canada
William Girling
2 min
Breathe Life has managed to raise CA$11.5m to drive digital distribution in insurance
Breathe Life, a SaaS platform provider for the life insurance sector, announced that it has secured CA$11.5m (US$8.7m) in funds for digital innovation...

Breathe Life, a SaaS platform provider for the life insurance sector, announced that it has secured CA$11.5m (US$8.7m) in funds for digital innovation.

The total sum consists of $6.5m raised from a Series A round led by Real Ventures and Investissement Québec, and a further $5m from assorted government grants and the National Bank of Canada.

The company offers end-to-end solutions for life insurance carriers, including suites of tools dedicated to the ‘producer experience’ and the ‘direct experience’. Fundamentally, it realises that there are three distinct groups who benefit from a unified insurance platform:

  • Carriers: need modern systems and processes to drive distribution.
  • Producers: require faster, better and easier methods of growing and nurturing customer relationships, not to mention remote methods of selling policies.
  • Consumers: desire easier methods of buying insurance policies, which should also be tailored to meet their exact requirements. 

Adapting insurance for the current era

Breathe Life’s focus on digital transformation stems from its realisation that modern insurance will need to evolve if it is to meet consumer needs in the post-COVID-19 age.

“In our current global context there is an increased need to develop digital services in all sectors, and we’re convinced that this promising Montreal company will play an important role in bringing innovation to the insurance industry,” said Guy LeBlanc, President and CEO of Investissement Québec.

John Stokes, Partner at Real Ventures, concurred with this statement and emphasised that the urgent need for digital transformation was now unignorable:

“Until recently, the insurance industry has approached digital transformation as a multi-year effort. If the last six months have taught the industry anything, it’s that the time to go digital is now.” 

Stokes also highlighted that Breathe Life possessed a “proven track record” in its efforts to deliver sophisticated digital distribution software to insurance carriers in North America.

Going digital: good for carriers and customers

“Everything that has happened this momentous year has raised the stakes for carriers, forcing them to quickly and effectively modernize their operations to meet the pressing financial-security needs of billions of consumers worldwide,” stated Ian Jeffrey, CEO of Breathe Life. 

“Helping consumers engage online, and making it easy for advisors to help them there, is no longer a ‘nice to have,’ but an urgent requirement of the new normal. Breathe Life is empowering carriers to transform now. Using our digital distribution platform, carriers can quickly attract, service, and win new business cost-effectively across channels.”

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Jul 23, 2021

The Ultimate FinTech & InsurTech LIVE Event

Fintech
Insurtech
live
event
3 min
Where innovation meets implementation, coming to you live from London

Whether you attend virtually or in person, it will give you the chance to network with C-Level executives, share ideas with industry pioneers, and walk away with actionable, unique insights to bolster your business and career. 

By the end of the three-day event, you will have seen the latest innovations in both FinTech and InsurTech. You will be able to see how companies like yours are tackling the problems that keep you up at night, engage in a community that many struggle to access, and share your ideas with people who care as much as you do. 

Order your tickets now to take advantage of our limited-time Early Bird offer. 

 

How can you attend?

 

In the post-Covid era, not everybody wants to travel for events. So FinTech and InsurTech Live will be completely hybrid. That means you can attend the event in person or virtually - with no disadvantages to people who don’t make the trip to the Tobacco Dock. 

 

In-person

 

FinTech and InsurTech Live is happening in the Tobacco Dock in London, a ten-minute walk from Tower Bridge. For more information on the location, click here

 

Virtually

There’s no need to worry about missing out if you choose not to attend in person. You can still absorb all the information, interact with other attendees and enjoy the conference experience on our virtual platform. 

There will be live feeds from all of the stages (also available on-demand after the event) as well as virtual networking areas. So not being able to travel is no reason to miss your chance to gather with the industry.

 

What’s on the agenda? 

 

With keynote addresses from global leaders, dynamic roundtable discussions, and extensive networking opportunities, FinTech & InsurTech 2021 will expand your network, deliver insight, and enhance your organisation’s reach. 

Across the three-day event, a number of relevant topics and trends surrounding fintech and insurtech will be discussed. 

 

  • Tuesday 14 October - Diversity and Inclusion
  • Racial equality (11:30 am)
  • Supplier diversity (12:00 pm)
  • Sustainability (12:30 pm)
  • Women in fintech (14:30 pm) 
  • Wednesday 15 October - Challenger and neobanks 
  • Cashless society (14:00 pm) 
  • SMEs (14:30 pm) 
  • Thursday 16 October - Adopting new-age digital solutions in the insurance industry (06:00 am)


Influential executives from around the world will give their insights and professional experiences surrounding these topics, allowing you and your company to leave with valuable information. 

The topics surrounding digital transformation should certainly be on the mind of every executive after the events of 2020 and how we all had to adapt to meet customer’s needs. Creating a digital roadmap is key, and making changes to the traditional ways of working. Customers now have new needs, and keeping up to speed with the digital changes, whilst also doing so safely, are important. 

If you want to get leading perspectives on the future of fintech and insurtech, you can purchase your tickets here.

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