LOGiQ3 expected to provide deep reinsurance operations expertise and risk management services to ivari as part of long-term agreement
TORONTO – SEPTEMBER 26, 2016 – ivari, providing Canadian families with quality, affordable insurance options, along with the knowledge they need to make informed decisions about their protection needs, and LOGiQ3 Corp., an expert provider of life insurance and reinsurance consulting and outsourcing services are pleased to jointly announce a long-term Life Reinsurance Business Process Outsourcing (BPO) agreement. ivari will leverage LOGiQ3’s capabilities in life reinsurance to provide complete services related to management of day to day reinsurance operations.
This partnership allows ivari to scale as needed for future growth, focus on strategic efforts and provide excellent Reinsurer administration support. Reinsurance partners will benefit from a dedicated team of experts and the services provided to this critical business function.
“ivari looks forward to benefitting from LOGiQ3’s longstanding expertise in the field of reinsurance administration and their use of the TAI software platform.” states Gordon Stock, VP, Life Operations and Reinsurance Administration of ivari.
Brian Wilkinson, Vice President, Business Operations at LOGiQ3 adds, “We are thrilled to onboard ivari as a new outsourcing client. The inclusion of ivari’s portfolio increases LOGiQ3’s reinsurance cessions and Net Amount at Risk under management to five million and $250 billion (USD) respectively. ivari shares the same collaborative approach as us, and we’re looking forward to a successful long term relationship.”
Notes for Media and Editorial Departments
For any media questions, please contact:
Suzette Chapman, ivari
Vice President, Marketing and Strategy
Natalie Ho, LOGiQ3
Vice President, Sales & Marketing
With a national network of thousands of independent advisors, ivari provides a full range of insurance products designed to help Canadians make the right choice for their protection needs. The people, products and service that make up ivari have stood the test of time and have been around for over 80 years in the Canadian marketplace. Through our commitment to always being approachable and transparent in everything we do, we are dedicated to starting a fresh, new conversation about insurance. And we will stand by our word.
Visit us at www.ivari.ca.
LOGiQ³ is the expert provider of life insurance and reinsurance consulting and outsourced services. LOGiQ³ delivers long-term strategic solutions and short-term tactical support across Underwriting, Reinsurance Administration, Claims and Audit. LOGiQ³ supports clients across the life insurance service chain from agent to retrocessionaire from its offices in Toronto, Canada, and Cardiff, UK.
To learn more about LOGiQ3, visit http://www.logiq3.com.