NEWS
Definity becomes one of the first P & C insurers to transition platform to Guidewire Cloud
Definity Financial and Guidewire have announced that Definity has successfully transitioned the economical digital broker offering , Vyne , and its digital direct platform , Sonnet , to the latest cloud-based technologies .
As the first Canadian property and casualty insurer to have its core insurance platform take advantage of Guidewire Cloud capabilities , Definity expects to be better positioned to continue to scale its business , enhance the quality of service to broker partners and customers and continue to innovate with agility .
As a newly public company , resulting from one of the largest Canadian IPOs of 2021 , and as a leading digital insurer , Definity aspires to stay at the forefront of business innovation by working with like-minded organisations to find new ways of making insurance better . The transition to cloud-based services is expected to give Definity early access to products , features , capabilities and broader connectivity with Insurtech ecosystems with minimal interruption to brokers and customers .
“ At Definity , we are focused on being a leading digital insurer poised for sustainable growth and profitability ,” said Tatjana Lalkovic , SVP and CIO , Definity . “ Modernising our core infrastructure brings opportunity for agility , scale and innovation alongside Guidewire ’ s partner ecosystem .”
Definity has a strategic objective to be one of the top five P & C insurance providers in Canada and has been investing in innovative technologies to achieve this objective .
Interest builds in Dubai and DIFC from US institutions
looking to establish a presence in the Centre so they can access opportunities in the region .
Following an extensive roadshow to the US in May 2022 , DIFC ’ s profile and reputation continues to grow , contributing to a 106 % increase in the overall client pipeline . This warranted a further visit to meet a range of institutions spanning the banking , wealth and asset management , hedge fund , insurance , FinTech and innovation sectors .
DIFC ’ s senior delegation to Washington D . C . was led by HE Essa Kazim , Governor of DIFC . The Governor ’ s delegation highlighted how DIFC is enabling the future of finance and helping prospective clients navigate a route to MEASA markets .
Dubai International Financial Centre ( DIFC ), a leading global financial centre in the Middle East , Africa and South Asia ( MEASA ), is seeing heightened interest from US-based companies
HE Essa Kazim , Governor of DIFC said : “ DIFC ’ s latest visit to the US provided a perfect opportunity to reinforce Dubai ’ s growing reputation as a global hub for finance , technology and innovation . We are looking forward to welcoming more US firms to DIFC so they can access the fast-growing markets in the Middle East , Africa and South Asia region .” www . intelligentfin . tech
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