Outdoorsy Group's Roamly Set to Transform Canadian Insurance Industry with Innovative Technology
The Outdoorsy Group has officially launched Roamly in Canada, a significant step for the company as it seeks to penetrate the Canadian market with its innovative digital insurance technology. This exciting launch also includes the acquisition of Canadian Access and the establishment of a new headquarters in Toronto, evidencing the company's commitment to enhancing its presence within the region. With Rich Sanders appointed as President of Roamly, the brand aims to adapt its services and establish strong ties with local insurance partners.
This initiative enables Roamly to integrate into the CAD$82 billion general insurance market, which is expected to grow to CAD$143 billion by 2029. As Sanders emphasizes, this pivotal expansion reflects a crucial moment for Roamly as it leverages technology to revolutionize traditional insurance models, rendering them more efficient and accessible for consumers across the country.
One of Roamly’s standout features is its enterprise platform tailored specifically for insurance companies. The sophisticated software streamlines vital processes such as underwriting, pricing, and policy management. Utilizing AI-driven capabilities, Roamly processes an impressive 200 terabytes of actuarial data on a daily basis—enabling partners to make informed underwriting decisions swiftly. This technological advancement significantly enhances speed to market, allowing insurance partners to operate more effectively within a highly regulated environment.
With the addition of Canadian Access to its portfolio, Roamly is positioned to bring advanced technology to the Canadian insurance ecosystem. This allows both enterprise partners and everyday consumers to enjoy a seamless and digitally integrated insurance experience. Adam Beach, President of Canadian Access, voiced his enthusiasm, stating that joining Roamly represents an exciting opportunity to modernize insurance for Canadians. The advanced technology platform will enhance service delivery, providing quicker and more efficient insurance solutions tailored to consumer needs.
As Roamly aims to meet the diverse requirements of Canadian consumers, they are developing a range of customized insurance products, including Home, Auto, Specialty Insurance, and mobility marketplaces, such as RV rentals and carsharing services. By identifying and responding to the changing demands of the market, Roamly ensures that they will deliver relevant and user-friendly insurance solutions to their growing client base in Canada.
The launch of Roamly is more than just an expansion; it's a redefinition of how insurance operates in the digital age. Through strategic partnerships and a commitment to innovation, Roamly is set to reshape the landscape of insurance in Canada, enabling businesses and individuals alike to protect what matters most with greater ease. For more information about Roamly’s offerings, prospective customers and partners are encouraged to visit their website at ca.roamly.com or enterprise.roamly.com.
Roamly, a recognized leader in digital insurance technology, aims to meet the evolving expectations of consumers and businesses by providing software solutions that enhance the overall insurance experience. Operating across the United States, Canada, and Europe, Roamly's mission is to provide technologically advanced insurance solutions that prioritize customer satisfaction while streamlining operational challenges for insurance companies.
About Outdoorsy Group:
Founded in 2015, the Outdoorsy Group has become a notable player in the outdoor travel ecosystem. It provides unmatched opportunities for families to create lasting memories and serves as a resource for partners looking to grow their businesses through innovative products. The group operates under several brand lines, including Outdoorsy.com, the largest outdoor travel marketplace, and the recently launched Roamly, among others. Their overarching goal is to foster a deeper connection with nature while ensuring mutual growth within the industry.
This initiative enables Roamly to integrate into the CAD$82 billion general insurance market, which is expected to grow to CAD$143 billion by 2029. As Sanders emphasizes, this pivotal expansion reflects a crucial moment for Roamly as it leverages technology to revolutionize traditional insurance models, rendering them more efficient and accessible for consumers across the country.
One of Roamly’s standout features is its enterprise platform tailored specifically for insurance companies. The sophisticated software streamlines vital processes such as underwriting, pricing, and policy management. Utilizing AI-driven capabilities, Roamly processes an impressive 200 terabytes of actuarial data on a daily basis—enabling partners to make informed underwriting decisions swiftly. This technological advancement significantly enhances speed to market, allowing insurance partners to operate more effectively within a highly regulated environment.
With the addition of Canadian Access to its portfolio, Roamly is positioned to bring advanced technology to the Canadian insurance ecosystem. This allows both enterprise partners and everyday consumers to enjoy a seamless and digitally integrated insurance experience. Adam Beach, President of Canadian Access, voiced his enthusiasm, stating that joining Roamly represents an exciting opportunity to modernize insurance for Canadians. The advanced technology platform will enhance service delivery, providing quicker and more efficient insurance solutions tailored to consumer needs.
As Roamly aims to meet the diverse requirements of Canadian consumers, they are developing a range of customized insurance products, including Home, Auto, Specialty Insurance, and mobility marketplaces, such as RV rentals and carsharing services. By identifying and responding to the changing demands of the market, Roamly ensures that they will deliver relevant and user-friendly insurance solutions to their growing client base in Canada.
The launch of Roamly is more than just an expansion; it's a redefinition of how insurance operates in the digital age. Through strategic partnerships and a commitment to innovation, Roamly is set to reshape the landscape of insurance in Canada, enabling businesses and individuals alike to protect what matters most with greater ease. For more information about Roamly’s offerings, prospective customers and partners are encouraged to visit their website at ca.roamly.com or enterprise.roamly.com.
Roamly, a recognized leader in digital insurance technology, aims to meet the evolving expectations of consumers and businesses by providing software solutions that enhance the overall insurance experience. Operating across the United States, Canada, and Europe, Roamly's mission is to provide technologically advanced insurance solutions that prioritize customer satisfaction while streamlining operational challenges for insurance companies.
About Outdoorsy Group:
Founded in 2015, the Outdoorsy Group has become a notable player in the outdoor travel ecosystem. It provides unmatched opportunities for families to create lasting memories and serves as a resource for partners looking to grow their businesses through innovative products. The group operates under several brand lines, including Outdoorsy.com, the largest outdoor travel marketplace, and the recently launched Roamly, among others. Their overarching goal is to foster a deeper connection with nature while ensuring mutual growth within the industry.
Topics Financial Services & Investing）
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