Duuo by Co-operators has unveiled Duuo Occasion Insurance coverage, an embedded insurance coverage utility programming interface (API) for its companions.
Supposed for companies working in Canada, the platform is designed to enhance the shopper expertise.
It seamlessly integrates the insurance coverage buy course of immediately into the app, web site or platform of such companies.
Duuo Occasion Insurance coverage is alleged to be the primary product to be launched on this embedded format, providing occasion hosts the choice to order a venue and acquire occasion protection seamlessly.
The platform launch is supported by Canada-based monetary companies co-operative Co-operators, which is claimed to have 75 years of expertise within the insurance coverage sector.
Co-operators rising enterprise fashions govt vice-president Steve Phillips stated: “This new journey we’re embarking on quickly expands our means to permit our companions to develop and differentiate themselves in their very own market, on their very own phrases.
“It additionally encourages Canadian companies to consider how an embedded insurance coverage answer can add worth to their choices.”
Along with the seamless expertise platform companions present their purchasers insurance coverage, every coverage, which is underwritten by Co-operators, is alleged to supply high quality protection.
Duuo by Co-operators may also introduce a tenant insurance coverage API allowing platforms to simply embed protection for tenant insurance coverage into their present person processes.
The insurance coverage supplier introduced plans to collaborate with fintechs, proptechs, sensible house platforms, occasion platforms and small enterprise platforms, amongst others.
