Outdoorsy Group Expands Roamly to Canada with New Acquisition
Outdoorsy Group Launches Roamly in Canada
Outdoorsy Group has exciting news: they are officially launching Roamly in Canada! This marks a significant step in their journey to expand their digital insurance technology platform internationally. Along with the Canadian launch, they have also acquired Canadian Access, and established their new headquarters in Toronto. To lead this initiative, Rich Sanders has been appointed as President of Roamly, emphasizing the company's commitment to innovation within the Canadian insurance market.
Strategic Growth and Expansion
Rich Sanders expressed enthusiasm about their growth in Canada and the recent acquisition of Canadian Access, stating, "Now is the perfect time to set up our headquarters in Toronto." Sanders highlighted that this move allows them to better cater to customer needs and strengthen relationships with Canadian insurance partners.
Innovative Technology for Insurance
Roamly Enterprise offers outstanding insurance solutions to companies, powered by advanced software that improves underwriting, pricing, and policy management processes. The platform uses AI to analyze vast amounts of data—over 200 terabytes daily—enabling partners to make informed underwriting decisions and significantly speeding up their time to market.
Transforming the Canadian Insurance Landscape
According to Sanders, their entry into Canada coincides with a booming general insurance market valued at CAD$82 billion, projected to grow significantly in the coming years. He stated, "Roamly is revolutionizing traditional insurance with its technology, allowing our partners to navigate the complexities of a highly regulated industry more efficiently." The acquisition of Canadian Access is set to enhance their capacity to deliver a smooth digital insurance experience for both enterprise partners and everyday consumers.
Committed to Modernizing Insurance
Adam Beach, President of Canadian Access, shared his enthusiasm about joining Roamly. He noted that Roamly's technology platform is a fantastic addition, which will substantially improve service to both consumers and insurance companies, delivering quicker and more efficient solutions.
Future Developments and Focus Areas
The Roamly team is dedicated to developing custom insurance products tailored to meet the unique demands of Canadian consumers. Their primary focus will be on Home, Auto, Specialty Insurance, and innovative mobility solutions, including carsharing and RV rental markets.
About Roamly
Roamly stands at the forefront of digital insurance technology, redefining how consumers and businesses engage with insurance. Their platform provides insurance firms with cutting-edge AI-enabled software solutions that help in product development, accelerate market entry, and reduce risk across operations. Roamly is committed to enhancing the consumer experience, providing a seamless journey from pricing and underwriting to policy management and claims processing.
About Outdoorsy Group
Founded in 2015, Outdoorsy Group aims to broaden access to the outdoors by creating the leading outdoor travel ecosystem. With millions of guests depending on Outdoorsy, they focus on helping families create unforgettable experiences. Their array of services spans Outdoorsy.com, a major outdoor travel marketplace, and the Outdoorsy Destination Network, which features beautiful campgrounds and glamping sites. Roamly aligns with Outdoorsy Group's mission by modernizing insurance for everyday consumers and businesses.
Frequently Asked Questions
What is Roamly?
Roamly is a digital insurance technology platform launched by Outdoorsy Group, providing innovative insurance solutions tailored for the Canadian market.
Why did Outdoorsy Group acquire Canadian Access?
The acquisition allows Roamly to enhance its technological offerings, enabling better service for both consumers and insurance partners in Canada.
What are Roamly's main services?
Roamly specializes in insurance technology, focusing on solutions for Home, Auto, and Specialty Insurance, along with mobility marketplaces.
Where is Roamly's new headquarters located?
Roamly has established its new headquarters in Toronto, Canada, to better serve its local customers and partners.
How does Roamly use AI in its services?
Roamly leverages AI to streamline underwriting processes, enabling faster and smarter decision-making with actuarial data analysis.
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