NEW YORK and QUEBEC CITY, QC, February 1, 2022 /PRNewswire/ — Vitech Systems Group today announced that Beneva has selected V3locity, Vitech’s cloud-native administration, engagement and analytics solution, as its new integrated administration platform to drive greater market expansion. Established by the approximation of the Capital city and SSQ Insurance, beneve is the largest mutual insurance company in Canada.
Beneva will use V3locity’s onboarding, policy administration, billing and digital self-service applications (for employees, plan sponsors and advisors). Beneva will be able to support its growth with an effective ecosystem, as it offers its products to meet the needs of the Canadian market.
“V3locity will be instrumental in strengthening our operational capacity, allowing us to grow our group insurance business through Canada,” noted Eric Trudel, Executive Vice-President and Head, Group Insurance, at Beneva. “We strongly believe that our partnership with Vitech will help us improve our digital service offering and accelerate the integration of our ecosystem, delivering unparalleled simplicity to our customers.”
V3locity is a transformative suite of complementary applications that delivers lifecycle enterprise functionality and robust enterprise capabilities. It combines basic administration with a revolutionary digital experience. Its modular design enables flexible and agile deployment strategies. V3locity uses an advanced cloud-native architecture that leverages the unique capabilities of Amazon Web Services (AWS) to deliver a solution with unparalleled security, scalability, and resiliency.
“We are delighted that Beneva has chosen V3locity as their primary group insurance platform going forward,” said Gary Sherne, President of Vitech Insurance. “We look forward to providing Beneva with a competitive advantage as it expands its geographic footprint and pursues its ambitious goals in the evolving insurance industry.”
Vitech is a global provider of cloud-native benefits and investment administration software. We help our insurance, retirement and investment clients expand their offerings and capabilities, streamline their operations, gain analytical insights and transform their engagement models. Vitech employs more than 1,600 professionals, serving the world’s most successful insurance, pension and investment organizations. Innovative and visionary, Vitech’s market leadership has been recognized by industry experts, such as Gartner, Celent, Aite-Novarica and ISG. For more information, visit www.vitechinc.com.
Born from the merger of La Capitale and SSQ Insurance, Beneva is the largest mutual insurance company in Canada with over 3.5 million members and customers. Beneva employs more than 5,000 dedicated employees: people who watch over people. Its human approach is rooted in mutualist values shared by its employees. With $25 billion in assets, Beneva is positioned as a major player in the insurance and financial services industry. Its head office is in Quebec City. For more information, please visit beneva.ca.
Holders of contracts issued by an insurance company of Groupe Beneva inc. are members of SSQ Mutual and La Capitale Civil Service Mutual.
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SOURCE Vitech Systems Group