NEWS
Definity becomes first Canadian P & C insurer to transition platform to Guidewire Cloud
Canada ’ s leading digital insurer , Definity aspires to stay at the forefront of business innovation by working with like-minded organizations to find new ways of making insurance better .
The transition to cloud-based services is expected to give Definity early access to products , features , capabilities and broader connectivity with Insurtech ecosystems with minimal interruption to brokers and customers .
Definity Financial and Guidewire have announced that Definity has successfully transitioned the economical digital broker offering , Vyne , and its digital direct platform , Sonnet , to the latest cloudbased technologies .
As the first Canadian property and casualty insurer to have its core insurance platform take advantage of Guidewire Cloud capabilities , Definity expects to be better positioned to continue to scale its business , enhance the quality of service to broker partners and customers and continue to innovate with agility .
As a newly public company , resulting from the largest Canadian IPO of 2021 , and as
“ At Definity , we are focused on being Canada ’ s leading digital insurer poised for sustainable growth and profitability ,” said Tatjana Lalkovic , SVP and CIO , Definity . “ Modernizing our core infrastructure brings opportunity for agility , scale and innovation alongside Guidewire ’ s partner ecosystem .”
Definity has a strategic objective to be one of the top five P & C insurance providers in Canada and has been investing in innovative technologies to achieve this objective .
UPP selects Vitech ’ s V3locity to administer new integrated pension system
Vitech Systems has announced that
University Pension Plan Ontario ( UPP ) has selected V3locity , Vitech ’ s cloud-native administration , engagement and analytics solution , as its new integrated pension administration solution . UPP ’ s selection of V3locity enhances Vitech ’ s presence in the Canadian market .
UPP will use V3locity ’ s CoreAdmin suite for the full spectrum of pension administration capabilities , along with V3locity Digital , a persona-based , self-service solution to facilitate engagement and provide employers and members with easy , secure access to information via a single web application , across a wide range of channels and devices .
“ At UPP , our goal is to develop a best-inclass pension administration solution that will provide an exceptional experience for our members and employers , with enhanced tools and self-service features ,” said Joanna
Lohrenz , Chief Pension Officer , UPP . “ We selected Vitech because of their innovative administration and digital engagement capabilities , providing us with a flexible , scalable and secure digital-first platform .”
V3locity is a transformative suite of complementary applications that offers full life cycle business functionality and robust enterprise capabilities . It marries core administration with a revolutionary digital experience . Its modular design enables flexible , agile deployment strategies . V3locity employs an advanced , cloudnative architecture to deliver a solution with security , scalability and resiliency .
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