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 cloud-based 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 Canada’s leading digital insurer, Definity aspires to stay at the forefront of business innovation by working with like-minded organisations 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.
“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. “Modernising 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.