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Yahoo
13-05-2025
- Business
- Yahoo
Cobalt Specialty deploys ChainThat BPA platform for surety business
Cobalt Specialty, part of KEWA Financial, has integrated ChainThat's Beyond Policy Administration (BPA) platform to support its Surety business in Canada. This implementation powers Cobalt's strategy to provide solutions in complex insurance sectors, a press release stated. The BPA platform has now been deployed for Cobalt's Surety business line in Toronto, after the launch of the alliance in November 2024. This move aims to enhance Cobalt's ability to enhance specialised lines in the Canadian commercial insurance market. The BPA platform offers modular, API (application programming interface)-driven functionality that enables underwriters, operations teams and distribution partners to streamline their processes. This platform is designed to speed up the entire policy life cycle, including billing, binding, product configuration, quoting, rating and reporting. Cobalt Specialty COO & founding partner Gordon Rider said: 'Partnering with ChainThat has been a great experience. The team worked more like a partner than a vendor, taking the time to understand our business and needs in order to provide a best-in-class scalable offering. ChainThat has delivered a flexible platform that allows us to launch, adapt and scale our offerings efficiently. With BPA, we are now well positioned to support the evolving needs of Canadian industries.' ChainThat, headquartered in the UK, has been serving the insurance industry since 2015 with software-as-a-service-based platforms. In 2024, the company appointed Vikas Acharya as its new CEO. Acharya said: 'The successful implementation with Cobalt Specialty is a great example of what our BPA platform is built for – flexibility, speed and the ability to support complex lines of business. We are thrilled to help Cobalt deliver high-impact solutions to the Canadian market and look forward to expanding our partnership to support their growth in other commercial lines.' "Cobalt Specialty deploys ChainThat BPA platform for surety business " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
12-05-2025
- Business
- Associated Press
Cobalt Specialty launches ChainThat's BPA platform to support its Surety offering
Cobalt Specialty launches ChainThat's BPA platform in Canada to power its Surety line, boosting speed, flexibility, and innovation in commercial insurance. 'The team worked more like a partner than a vendor, taking the time to understand our business and needs. With BPA, we are now well-positioned to support the evolving needs of Canadian industries.'— Gord Rider - COO & Founding Partner at Cobalt Specialty BOSTON, MA, UNITED STATES, May 12, 2025 / / -- ChainThat, a leading provider of next-generation insurance technology, is pleased to announce the successful go-live of its Beyond Policy Administration® (BPA) platform with Cobalt Specialty Inc. in Canada. Following the launch of the partnership in November 2024, BPA is now live with Cobalt's Surety line of business in Toronto, supporting Cobalt's ambition to deliver innovative, tailored solutions to complex sectors. Cobalt Specialty selected ChainThat's BPA platform for its adaptability, speed to market, and ability to support highly specialised lines of business across Canada's commercial insurance market. 'Partnering with ChainThat has been a great experience,' said Gordon Rider, COO & Founding Partner at Cobalt Specialty. 'The team worked more like a partner than a vendor, taking the time to understand our business and needs in order to provide a best-in-class scalable offering. ChainThat has delivered a flexible platform that allows us to launch, adapt, and scale our offerings efficiently. With BPA, we are now well positioned to support the evolving needs of Canadian industries.' The launch in Toronto marks another major milestone for ChainThat, with the BPA platform now supporting insurance operations across the United States, Australia, and Canada. ChainThat's global footprint continues to grow as MGAs, agencies and insurers look to modernise their operations with intuitive and scalable SaaS platforms. 'The successful implementation with Cobalt Specialty is a great example of what our BPA platform is built for – flexibility, speed, and the ability to support complex lines of business,' said Vikas Acharya, CEO of ChainThat. 'We're thrilled to help Cobalt deliver high-impact solutions to the Canadian market and look forward to expanding our partnership to support their growth in other commercial lines.' ChainThat's BPA platform transforms the insurance value chain through modular, API-driven functionality that empowers underwriters, operations teams, and distribution partners. BPA simplifies and accelerates the entire policy lifecycle – from product configuration and rating to quoting, binding, billing, and reporting. ### About Cobalt Specialty Cobalt Specialty, a part of the financial services company KEWA Financial Inc, was founded to serve as its insurance carrier's primary vehicle for delivering insurance solutions in Canada. They work with partners who are passionate about providing sustainable solutions in areas critical to the Canadian economy. Their unique approach combines unparalleled service, flexible and creative underwriting, and in-depth industry knowledge to deliver meaningful solutions to complex problems.. For more information, visit About ChainThat ChainThat is a leading insurtech company based in London, dedicated to developing technology platforms that help insurance organisations realise their full potential. ChainThat empowers insurers, MGAs, brokers, and other insurance intermediaries to activate growth and achieve their business potential through intuitive SaaS-based platforms. Since 2015, ChainThat has been delivering enterprise-grade technology that simplifies and accelerates insurance operations. For more information, visit Valentina Lusso ChainThat email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
