AI, Data analytics will create opportunities for
a more seamless customer experience
WATERLOO, ON, April 13,
2022 /CNW/ - Definity Financial Corporation
("Definity") (TSX: DFY) today announced that its subsidiary
Definity Insurance Company has established a new relationship with
Google Cloud that will allow the two companies to collaborate and
leverage Google's advanced data, analytics, artificial intelligence
(AI), and machine learning (ML) technology with a view to
accelerating the development of innovative personalized insurance
solutions within a highly secure cloud environment. Combining the
extensive insurance expertise of Definity's family of companies
with Google Cloud's leading technology services will provide the
opportunity to create a smoother, more intuitive insurance
experience for customers and brokers.
Definity's family of companies has made significant investments
to develop market-leading digital capabilities, including Sonnet,
Vyne, and Vyne Commercial. Launched in 2016, Sonnet is Canada's first coast-to-coast fully online
home and auto insurance company, while Vyne and Vyne Commercial
provide brokers with a simplified and fully integrated digital
offering to better support the needs of personal and commercial
customers in real time.
"Definity and Google Cloud's joint ambition is to create
leading, insights-driven, customer-centric experiences," said
Rowan Saunders, President and CEO of
Definity. "Our innovative work together will make us one of the
earliest Canadian P&C insurance companies to leverage Google
Cloud technologies in this way. We believe this will
enable us to deliver solutions that further solidify Definity as an
industry leader that is making insurance better."
"Bringing together Definity's deep insurance expertise with
Google Cloud's advanced data analytics and AI capabilities will
create a more customized and seamless experience for Definity's
customers," said Zac Maufe, Head of Financial Services Solutions,
Google Cloud. "We're thrilled to work with Definity and bring our
scale, speed, and security to power the company's future."
About Definity Financial Corporation
Definity
Financial Corporation is the parent company to some of Canada's most long-standing and innovative
multi-channel, property and casualty insurance companies and
distributors, including Economical Insurance, Sonnet Insurance,
Family Insurance Solutions, and Petline Insurance
FORWARD-LOOKING STATEMENTS
This news release contains
"forward-looking information" within the meaning of applicable
securities laws in Canada, which
reflects Definity's current expectations regarding future events,
including statements relating to features and benefits of the
relationship. In addition, any statements that refer to
expectations, intentions, projections or other characterizations of
future events or circumstances contain forward-looking information.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond Definity's control. Such risks and uncertainties include
Definity's ability to successfully realize the benefits of the
relationship and manage the associated risks. Actual results
could differ materially from those projected herein. Definity does
not undertake any obligation to update such forward-looking
information, whether as a result of new information, future events
or otherwise, except as expressly required under applicable
securities laws.
SOURCE Definity Financial Corporation