Vertafore subsidiary Keal launches cloud-based P&C platform
A suite of new tools will now be available to the Canadian insurance industry, ones which have been engineered to help drive greater customer value, provide a catalyst for sector modernisation and increase overall growth.
According to Dimitrios Argitis, General Manager and VP of Keal, the company’s innovative solutions can play a significant role in shaping the post-COVID-19 sector by equipping brokers for a different way of operating.
“By leveraging Vertafore’s global IT and product development capability, alongside our Canadian Center of Excellence, we’re able to help our customers achieve greater customer intimacy, which is table stakes in today’s ‘new normal.’
“And just as important, this enables them to optimise back-office business processes, which is essential as we all try to do more with less.”
Canada: exploring insurance innovation
The reception for Keal’s new platform, which has been specifically configured for the P&C market, has so far been positive; Jason Chambers, Manager at SurNet Insurance Group, considered the quantifiable operational difference to be “nothing short of amazing.”
“Compared to our old server, the increase in speed is like night and day, and we can use a variety of modern web browsers to launch the server. Not to mention, the look of the storefront is cleaner and there are more apps available. We couldn’t be happier with this new platform.”
Following on from Swiss Re’s comments this week that insurance can be a force for good in the pandemic-stricken economy, Keal’s announcement could be part of the impetus that fulfils that ‘call to arms’ in the Canadian market.
Other examples include Breathe Life’s successful Series A funding round, whose SaaS platform represents a step forward in the modernisation of carrier/producer/consumer relationship.
Guy LeBlanc, President and CEO of Investissement Québec (one of Breathe Life’s investors) commented, “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.”