ChainThat Unveils Innovative BPA Platform in Partnership with Cobalt Specialty Across Canada
ChainThat, a prominent name in the InsurTech landscape, has recently unveiled its Beyond Policy Administration® (BPA) platform in collaboration with Cobalt Specialty Inc., a leading specialty insurance provider in Canada. This strategic deployment is a significant development for Cobalt Specialty’s Surety line based in Toronto, and it marks a pivotal moment in their partnership that commenced in November 2024.
Enhancing Adaptability in Commercial Insurance
Cobalt Specialty chose the BPA platform to improve adaptability and accelerate their speed to market, addressing the intricate needs of Canada’s commercial insurance sector. This launch represents a major extension of ChainThat’s global reach, as the BPA platform has already been successfully implemented in the US and Australia, showcasing its scalability in the InsurTech market.
Future Expansion and Collaboration
The partnership between ChainThat and Cobalt Specialty is not just about immediate benefits; it also sets the stage for future expansion across various commercial lines. Key comments from both companies highlight the value of this collaboration:
- Gordon Rider, COO & Founding Partner of Cobalt Specialty, stated: “Partnering with ChainThat has been a great experience. Their team truly acted as a partner, understanding our business needs and providing a scalable offering.”
- Vikas Acharya, CEO of ChainThat, noted: “The successful implementation with Cobalt Specialty exemplifies the core strengths of our BPA platform—flexibility, speed, and the ability to support complex lines of business.”
Why Choose ChainThat’s BPA Platform?
With the growing demand for scalable SaaS solutions in the insurance sector, ChainThat’s BPA platform offers several advantages for insurers:
- Flexibility: Easily adapt to market changes and client needs.
- Speed: Accelerate time-to-market for new insurance products.
- Scalability: Support growth across various commercial lines efficiently.
Looking Ahead
As this partnership evolves, both ChainThat and Cobalt Specialty are poised to deliver high-impact solutions tailored to the Canadian market. For more information about ChainThat’s offerings and how they can enhance your insurance operations, visit their official website.
Stay tuned for further updates on this collaboration as it unfolds, and explore how innovations in InsurTech can reshape your business strategies.
