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Onlia (Canada)

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Onlia (Canada)
Joint Venture
ISIN🆔
IndustryInsurance
Founded 📆February 10, 2018
Founder 👔
Headquarters 🏙️, ,
Area served 🗺️
Key people
Pieter Louter (CEO)
Members
Number of employees
ParentFairfield Financial Holdings Limited, Achmea Holding N.V.
🌐 Websitewww.onlia.ca
📇 Address
📞 telephone

Onlia Holding Incorporated is a Canadian insurance company known for offering home and auto coverage.[1][2]

History[edit]

The creation of Onlia began in 2017 and it officially launched on February 10, 2018.[3] The company is a joint venture between two organizations with previous experience in the insurance industry: Fairfax Financial, a Canadian holding company that owns Verassure Insurance[4], and Achmea, the largest insurance group in the Netherlands.[5][6]

Onlia’s goal was to make Canadian roads safer with an innovative, new insurance company that rewarded safe driving habits rather than penalizing bad behaviour.[7][8]

In February 2019, Onlia officially entered the insurance business officially with car coverage and its first advertising campaign.[7] In the same year, Onlia partnered with a non-profit organization called Switchback Cyclery to create the Light Up the Night event for road safety.[9]

In 2020, Onlia added homeowner’s insurance to its offerings. When the pandemic hit, they waived premiums for the month of May.[2][10]

In April 2021, Onlia integrated AI software by FRISS to analyze potential risks, reduce fraud and speed up their claims process.[11][12] Onlia provides insurance to over 10,000 customers and offers safety education in the form of studies, blogs and events. [13]

See also[edit]

References[edit]

  1. Insurance innovation stresses safety.” .The Globe and Mail. 2020-11-25. Updated 2021-11-14. Archived from the original on 2021-04-04. Retrieved 2021-05-24.
  2. 2.0 2.1 Lyle Adriano,Digital insurance company Onlia to waive insurance payments for one month.”.insurancebusinessmag.com. 2020-04-16. Retrieved 2021-05-24.
  3. Onlia Sense is an app that rewards you for safe driving. Here’s our re-view.” .Lowest Rates. 2019-01-16. Archived from the original on 2021-01-20. Retrieved 2021-05-24
  4. Welcome to Verassure.”.Verassure Insurance Company. Retrieved 2021-05-24.
  5. Achmea launches Canadian online insurance proposition in partnership with Fairfax.”.Achmea. 2018-06-21. Archived from the original on 2020-08-12. Retrieved 2021-05-24.
  6. Onlia Supports Auto Insurance Reform in New Budget.”.Cision. 2020-11-06. Archived from the original on 2020-11-06. Retrieved 2021-05-24.
  7. 7.0 7.1 "InsurTech Spotlight: Onlia.”.Insurance Canada. Archived from the original on 2020-11-29. Retrieved 2021-05-25.
  8. "Onlia adds custom content to its mix with Torstar partnership.” mediaincanada.com. 2021-02-17. Archived from the original on 2021-01-26. Retrieved on 2021-05-26.
  9. "Onlia builds a message about being safe everywhere.” strategyonline.ca. Retrieved 2021-05-25.
  10. "Onlia insurance delivers safety first message.”.The Message. 2019-11-14. Archived from the original on 2021-01-26. Retrieved on 2021-05-26.
  11. Lyle Adriano,Digital insurance company Onlia enters into new partnership with fraud and risk solution provider FRISS.”.insurancebusinessmag.com. 2020-04-19. Retrieved 2021-05-24.
  12. "Onlia Partners with FRISS to Prevent and Fight Against Fraud.”.FRISS. 2021-04-15. Retrieved 2021-05-25.
  13. Onlia Launches Safety Movement and Digital Insurance Product in On-tario.”.Cision. 2018-12-12. Retrieved 2021-05-25.

External links[edit]



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