Parachute, Sonnet, and Petline enter new relationships in Canada
Parachute Digital Solutions , a Munich Re company, has partnered with Sonnet Insurance and Petline Insurance Company to deliver home, auto, pet, life and health insurance to employee and affinity groups, and individual customers.
“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. 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. As a result, both distribution and the overall customer experience are enhanced. Breaking this traditional mold has and will continue to bring value to Parachute, Sonnet, Petline and their many customers.” – Richard Letarte, President & CEO, Parachute Digital Solutions.
Corporate and association groups using Parachute will be able to access Sonnet home and auto insurance products. Sonnet customers will be able to access life and critical illness insurance products on the Parachute platform through Sonnet Connect.
“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. This relationship makes it faster and easier for our customers to access the full spectrum of personal insurance products.” – Roger Dunbar, SVP, Sonnet.
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. “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.” – Raegan Ahlbaum, AVP, Petline Operations.
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Through the Sonnet Group Insurance offering, employees of participating companies will be provided with a simplified insurance at a discounted rate. Home and auto insurance are meaningful parts of a healthy financial wellness portfolio, bringing peace of mind by protecting people from the unexpected.