Mercer and Parachute Digital Solutions Inc. Announce New Turnkey Online Insurance Solution

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   Parachute Digital Solutions


TORONTO — November 23, 2020—Mercer, a global consulting leader, and Parachute Digital Solutions Inc., a Munich Re company, are proud to introduce Parachute, a turnkey online insurance platform, as the latest addition to the Mercer 365™ digital offering.

Mercer 365™ is an all-in-one digital solution that puts overall wellbeing at the center of the employee value proposition. Through a seamless integration with Parachute 2.0, Mercer 365™ customers can now purchase simplified issue life, critical illness, and AD&D policies, in less than 10 minutes. The Mercer 365™ platform will significantly streamline the process of purchasing these types of coverage, and will also help employees select the best insurance options for them and for their families, giving them peace of mind, sooner.

Parachute Digital Solutions is an insurance agency providing innovative, 100% digital, end-to-end insurance solutions. Designed with the end consumer in mind, Parachute offers a diverse set of digital solutions enabled by its carrier and distribution partners.

“We are delighted to be partnering with Parachute Digital Solutions on this expanded Mercer 365 offering. Through this partnership, Mercer will continue to ensure employees have access to best-in-class vendors to support their overall wellbeing,” said Julie Duchesne, Partner and Market Leader, Mercer Marsh Benefits Canada. “The solution, which comes during a period of accelerated digital adoption and at a time when people are more focused on health risks and seeking increased protection as a result of COVID-19, combines the core strengths of each organization. Mercer’s focus on innovation and Parachute Digital Solutions’ commitment to digital transformation combine to bring employees a user-friendly and intuitive way to buy insurance coverage.”

“Offering insurance products online poses unique and exciting challenges. Our goal was to make it intuitive and easy for the end consumer to fulfill their insurance needs,” said Richard Letarte, President and CEO of Munich Re New Ventures and Head of Parachute Digital Solutions. “Our objective was to offer an insurance platform that meets the evolving expectations of the consumer. As a result, Parachute is a frictionless and delightful online experience.”

For more information about Parachute, you can visit parachutedigitalsolutions.com. For more information on Mercer 365™, please visit Mercer’s website at Mercer 365™.

About Mercer

Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With 75,000 colleagues and annualized revenue approaching $17 billion through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment.

Mercer 365™ is a digital portal that gives employees easy, one-stop access, 365 days a year, to all the health, wellbeing and lifestyle benefits they need to become healthier and more engaged.

For more information, visit www.mercer.ca. Follow Mercer on Twitter @MercerCanada.

About Parachute Digital Solutions Inc.

Parachute Digital Solutions Inc., a Munich Re company, is an insurance agency that offers a fully digital, end-to-end platform, hosting an array of insurance and protection solutions with our partners. The company’s platform, Parachute, provides carriers, brokers, employers, associations, and retailers with all the tools and tactics they need to future-proof their insurance business and offerings.

For more information, visit www.parachutedigitalsolutions.com. Follow Parachute Digital Solutions on LinkedIn: https://www.linkedin.com/company/parachute-canada  

About Munich Re

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

Disclaimer

Any descriptions of coverage briefly outlined here are meant to be general in nature and do not include or are intended to include all of the actual terms, benefits and limitations found in the insurance policy.


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