Business Chief US+CAN Magazine October 2018 | Page 86

PBL INSURANCE LIMITED

Delivering one-to-one insurance services with cutting-edge technologies , PBL Insurance is reshaping the way Canadian insurance brokers do business

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D igitization is shaking up industries across the globe and it seems the insurance sector is no exception .

For PBL Insurance , which has provided risk and insurance services to Canadians for almost a century , there was no doubt that digitization would be a central pillar of its strategic plan . The firm ’ s Director of Technology , Joey Faraone , says that by undertaking a root-and-branch digital transformation and overhauling its legacy systems , PBL Insurance is “ re-writing the way insurance companies do business in Canada ”.
“ I would say that technology is playing a very big role in driving PBL ’ s transformation ,” he explains . “ We went from having some very old technology pieces running our network to understanding that now is the time to invest and prepare the company for the next 20 years of the technology curve .”
Previously , Faraone says that PBL Insurance didn ’ t have a focused internal
OCTOBER 2018