New Insurtech Partnership to Provide On-Demand Insurance in Canada

In an exclusive arrangement with Slice ICS, The Co-operators will create new insurance products to meet growing customer needs for easy, on-demand insurance solutions that satisfy emerging digital economies. Launching later this summer under the brand name duuo by Co-operatorsTM the first product will provide pay-per-use homeshare insurance underwritten by Co-operators General Insurance Company, for hosts using home sharing platforms like Airbnb, HomeAway and VRBO . The duuo by Co-operatorsTM brand reflects The Co-operators commitment to working together with clients to provide peace of mind in a way that is easy, fast, fair and affordable – a commitment made possible through the Slice platform. "We were founded in 1945 by a small group of farmers and social pioneers who found that their needs were not met by traditional insurance offerings, so they found a new way of protecting their financial security in a time of need," said Rob Wesseling, President and CEO of The Co-operators Group Limited. "Our new business partnership with Slice is the 21st century version of this mindset, it will allow us to meet the underserved insurance needs of Canadians participating in a highly innovative digital economy. Our shared vision of ensuring that everyone can be protected with the most intelligent and customized insurance possible makes this partnership very exciting."