(Image source: Beneva homepage.)
Beneva (Quebec), Canada’s largest mutual insurer, has selected V3locity, Vitech’s (New York) cloud-native administration, engagement, and analytics solution, as its new integrated administration platform to drive greater market expansion. Beneva was created by the merger of La Capitale and SSQ Insurance. Beneva will use V3locity’s onboarding, policy administration, billing, and digital self-service applications for employees, employers and advisors.
“V3locity will be instrumental in strengthening our operational capacity, allowing us to grow our group business across Canada,” comments Eric Trudel, EVP and Lead, Group Insurance, Beneva. “We strongly believe that our partnership with Vitech will help us enhance our digital services offering and accelerate our ecosystem integration, providing solutions of unparalleled simplicity for our clients.”
Vitech describes V3locity as a cloud-native administration, engagement, and analytics platform. It is a transformative suite of complementary applications that offers full life cycle business functionality and robust enterprise capabilities. The vendor says the solution marries core administration with a revolutionary digital experience. Its modular design enables flexible, agile deployment strategies. Vitech says that V3locity employs an advanced, cloud-native architecture that leverages the unique capabilities of AWS to deliver a solution with unparalleled security, scalability, and resiliency.
“We are delighted that Beneva has chosen V3locity as its core group insurance platform for the future,” comments Gary Sherne, Vitech’s President of Insurance. “We look forward to providing Beneva with a competitive edge as it expands its geographical footprint and pursues its ambitious goals in the evolving insurance industry.”