Thursday 27 February, 2020

Canopy Insurance vying for more market share

Canopy Insurance CEO, Sean Scott.

Canopy Insurance CEO, Sean Scott.

Canopy Insurance, the newest player in Jamaica’s insurance industry, has rolled out a free health and wellness portal dubbed Camp Canopy as a sweetener to win over new clients.

The portal focuses on health and wellness through access to free workouts, healthy recipes and overall motivational guidance. It was announced last Thursday during the official launch Canopy Insurance.

Canopy, which commenced operations in October 2019, has since grown its membership to 10,000 individuals. Now, the company seeks a greater share of the market from prime competitors Sagicor Financial and Guardian Life.

Backed by the GraceKennedy and the Musson groups, Canopy combines the sincerity of old-school customer care and the efficiency and simplicity of modern technology to deliver a “frictionless, hassle-free experience” to all their members.

“Both Grace Kennedy and Musson took a look at the value and service received in exchange for the premium our companies pay annually, to provide these benefits to our own employees. Our research showed a large market that was underserved and that presented an opportunity,” Canopy Chairman and Group CEO of GraceKennedy, Don Wehby said.

Already, the company has leveraged the network of its investors in building its client base and now hopes to make “unnecessary paperwork” a thing of the past for the average Jamaican.

Canopy Insurance official launch

Click the gallery for more photos from Canopy's official launch

Canopy has partnered with technology firm Advanced Integrated Systems to utilise its Provider Access System (PAS) that undertakes online, real-time insurance claims adjudication.

The system allows healthcare providers including doctors, dentists, ophthalmologists, radiologists and hospitals to installs the software with a swipe device for the health cards and a printer for receipts. Canopy will then assess claims in real-time with payments guaranteed.

The PAS offerings are capable of covering drug interactions, patient profiling, e-prescriptions, drug monographs, patient education leaflets, and drug registration and information dissemination.

“The team at Canopy understands that the last thing a person should be worried about during a medical crisis is tackling the complex bureaucracy of their health insurer.

“Therefore we have raised the bar for member experience, and through our unique online portal all members will be able to manage all aspects of their benefit plan through the click of a button, have access to a 24/7 hotline and the Camp Canopy portal,” Chief Executive Officer of Canopy, Sean Scott said.

 

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