Apollo Exchange wins Digital Innovator of the Year

Vancouver InsurTech nabs top accolade at the 2019 Insurance Business Canada Awards

Toronto, ON (Dec. 2, 2019) – Vancouver-based InsurTech Apollo Exchange took home the trophy for Digital Innovator of the Year at the 4th annual Insurance Business Canada Awards on November 28, 2019. Apollo beat out eleven other contenders for the top prize.

Since its inception in 2016, the awards have become the preeminent showcase of excellence in Canadian insurance, recognizing top organizations and individuals for their outstanding achievements and best practices over the past 12 months.

“It’s an absolute honour for the Apollo team to be recognized in this way,” said Apollo CEO Jeff McCann. “We’re proud of what we’ve been able to accomplish with our partners in such a short period of time, and this recognition means a lot to our young company. We look forward to what 2020 will bring.”

The Digital Innovator of the Year was given to the organization that had best harnessed technology and digital solutions to improve their business, aid their staff, and leverage overall client experience over the past 12 months. Apollo officially launched in April of 2019, and has partnered with multiple insurance companies to digitize products, as well as over 70 brokerages to distribute those products via the Exchange.

Brokers are able to log in to the Exchange, and search, apply for, and purchase insurance in a completely digital environment, enabling them to offer significantly higher service standards than outdated paper processes, which are still common in the insurance industry.

Apollo’s CEO Jeff McCann was also in the running for CEO of the Year, an honour that went to Lynn Oldfield, CEO of AIG Canada. This was the first year that category was introduced to the awards.

Winners were selected by a panel of industry experts and revealed at the black-tie awards gala, which welcomed over 600 industry professionals to the Liberty Grand in Toronto. The sold-out awards event is presented by Insurance Business Canada, the leading independent business magazine and website for insurance brokers and advice professionals in Canada. Winners were selected by an esteemed, independent judging panel of insurance industry experts, veterans and leaders, who reviewed the entries according to each category’s criteria.

“We’re so thrilled with the list of finalists,” said Insurance Business magazine’s managing editor Paul Lucas. “We were inundated with nominations and we feel this is truly a snapshot of the best and brightest in the Canadian insurance industry right now.”

About the Apollo Exchange

The APOLLO Exchange (legal name “Apollo Insurance Solutions Ltd.”) is Canada’s largest online insurance marketplace. Apollo empowers brokers to instantly quote, bind, and issue policy documents for hundreds of classes of small business in real time, or white label the Exchange to sell directly from their website. Brokerages integrated with the Exchange are able to respond to the changing expectations of buyers and forward-thinking employees.

Co-founded by Jeff McCann, David Dyck, Justin Hamade, and Drew Green, Apollo was created to empower brokers to better serve their clients. Following the completion of Beta testing in April 2019, Apollo successfully closed its angel round of funding, raising $1 million CAD with the support of notable investors, including Drew Green, Matias Marquez, Kim Kaplan, and Caliber Ventures. Acting members of Apollo’s Board of Directors are leading industry and entrepreneurial figures Drew Green, Steve Albiani, Tim Gamble, and Jeff McCann. In June 2019, the company launched a first of its kind: digital, monthly subscription insurance. For more information, visit apollocover.com.

Source: Apollo Insurance Solutions Ltd.

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