Duuo by Co-operators Launches Embedded Insurance Platform

Event and tenant insurance will be the first integrations available to partners, with more coverages to come later this year

Toronto, ON (July 19, 2023) – Duuo by Co-operators is pleased to announce the launch of its first embedded insurance API for partners. This advanced integration is designed for Canadian businesses looking to enhance their customer experience by embedding the insurance purchase journey directly into their website, app, or platform.

Duuo Event Insurance will be the first product launched in this new embedded format, providing event hosts with the option to book a venue and secure event coverage in one seamless experience.

Powered by Co-operators, the launch of this platform leverages over 75 years of insurance expertise and best-in-class technology.

“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. It also encourages Canadian businesses to think about how an embedded insurance solution can add value to their offerings,” said Steve Phillips, Executive Vice-President, Emerging Business Models, Co-operators. “We’re flexible in our approach and I think that’s the greatest value here — we’re listening, adapting, and providing solutions that our partners and their customers will both benefit from.”

Apart from the simplicity and ease with which platform partners can now offer their clients insurance, each policy, underwritten by Co-operators, is designed to provide quality coverage that clients can rely on.

Following event insurance, Duuo by Co-operators will launch their tenant insurance API allowing platforms to seamlessly embed tenant insurance coverage into their existing user journeys.

Viler Lika, founder and CEO of PropTech platform SingleKey, is excited about integrating the tenant insurance API into their platform. “As innovators in the rental market, the ability to embed tenant insurance directly to our platform by leveraging a simple API makes our offering to landlords and tenants that much more thorough and compelling,” said Lika. “The opportunity to offer this service provides us with a unique value-add while our clients enjoy an enhanced rental experience. Partnering with Duuo by Co-operators is really a win-win for our customers and for our company.”

Duuo by Co-operators is ready to partner with PropTechs, FinTechs, smart home platforms, event platforms, small business platforms and more. Visit partnerships.duuo.ca to learn more.

About Duuo

Established in 2018, Duuo by Co-operators is an embedded insurance leader with a focus on partnership distribution. Through APIs, partners can seamlessly embed the insurance experience directly into their app, platform, or website. Clients purchasing coverage through partnered platforms enjoy easy access to reliable coverage, all backed by over 75 years of proven insurance expertise and award-winning service. For more information, please visit duuo.ca.

About Co-operators

Co-operators is a leading Canadian financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. Co-operators has more than $58 billion in assets under administration. Co-operators has been providing trusted guidance to Canadians for the past 78 years. The organization is well known for its community involvement and its commitment to sustainability. Achieving carbon neutral equivalency in 2020, the organization is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co-operators is also ranked as a Corporate Knights’ Best 50 Corporate Citizen in Canada. For more information, please visit www.cooperators.ca.

Source: Duuo by Co-operators

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