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Duuo by Co-operators: A New Era of Embedded Insurance for Canadian Businesses

Press Release | July 20, 2023

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In a significant move for the insurance industry, Duuo by Co-operators has launched its first embedded insurance API for partners, designed to enhance the customer experience by integrating the insurance purchase journey directly into their website, app, or platform. The first product to be launched in this new format is Duuo Event Insurance, offering event hosts a seamless experience of booking a venue and securing event coverage.

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The implications of this launch are far-reaching. By embedding insurance directly into platforms, Duuo by Co-operators is simplifying the insurance process, making it more accessible and convenient for customers. This could potentially revolutionize the way insurance is purchased and consumed, setting a new standard for the industry.

Following the event insurance, Duuo by Co-operators plans to launch their tenant insurance API, further expanding their embedded insurance offerings. This move signifies the company's commitment to innovation and customer-centric solutions, positioning them as a leader in the insurance industry.

Steve Phillips, Executive Vice-President of Emerging Business Models at Co-operators:

"This new journey we’re embarking on rapidly expands our ability to allow our partners to grow and differentiate themselves in their own market, on their own terms."

This statement highlights the company's commitment to providing flexible, adaptable solutions that benefit both their partners and customers.


NCFA Jan 2018 resize - Duuo by Co-operators: A New Era of Embedded Insurance for Canadian BusinessesThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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