The Co-operators is expanding its Insurtech investment by introducing a fund to facilitate partnerships with Insurtech firms.
The investment fund reflects the organization’s commitment to address the unmet insurance and financial services needs of Canadians participating in an ever-changing digital economy.
"Innovation is key to providing financial security for Canadians and communities,” says Rob Wesseling, president and CEO, The Co-operators. “We're collaborating with Insurtechs that offer cutting-edge technology and solutions to meet the changing needs and preferences of our clients.”
Fund focuses on investment strategies
In support of the organization's innovation strategy, the fund focuses on investment priorities aligned with three key themes: meeting emerging and underserved insurance needs, enriching the resiliency of Canadians, and adapting to the changing nature of transportation.
The Co-operators entered into its first Insurtech partnership in 2018, teaming up with Slice Labs Inc. to launch a digital insurance brand – Duuo by Co-operatorsTM, a solution leveraging the Slice Insurance Cloud Services™ (ICS) platform.