“Through this new relationship between Petline and Parachute, we’re excited to provide the growing number of Canadian pet owners within the Parachute ecosystem the opportunity to protect their pet’s health now and into the future,” said Raegan Ahlbaum, AVP, Petline Operations.
With pet ownership on the rise, the Parachute and Petline agreement will allow Parachute groups to obtain Petsecure pet insurance through a group marketing arrangement sponsored by their employers and associations.
“This relationship makes it faster and easier for our customers to access the full spectrum of personal insurance products.” “Since our founding, Sonnet has set out to change insurance for the better, and by teaming up with Parachute we’re taking a holistic and entirely digital approach to rounding out the coverage experience for our customers,” said Roger Dunbar, SVP, Sonnet. Sonnet customers will be able to access life and critical illness insurance products on the Parachute platform through Sonnet Connect. Corporate and association groups using Parachute will be able to access Sonnet home and auto insurance products. Parachute’s cutting-edge, end-to-end digital platform complements Sonnet’s innovative and customer-focused approach to insurance. Breaking this traditional mold has and will continue to bring value to Parachute, Sonnet, Petline and their many customers.” “As a result, both distribution and the overall customer experience are enhanced.
These agreements not only challenge the insurance sector as many know it, but use innovation to combine processes that have almost always been fulfilled by different businesses,” said Richard Letarte, President & CEO, Parachute Digital Solutions. “It is rare to see the world of property and casualty intersect life and health insurance via a completely digital, end-to-end insurance platform. With shared missions of being technology focused, data-driven, and evolving the traditional insurance buying experience, these alliances are collectively poised to deliver home, auto, pet, life and health insurance to employee and affinity groups, and individual customers. (“Parachute”), a Munich Re company, is proud to announce its newest agreements with Sonnet Insurance (“Sonnet”) and Petline Insurance (“Petline”). TORONTO-( BUSINESS WIRE)- Parachute Digital Solutions Inc.