The digital insurance brand of The Co-operators, Duuo, is launching in the Quebec market.
Duuo offers an on-demand insurance product designed to provide coverage to short-term rental hosts who rent out their properties using platforms such as Airbnb, HomeAway, VRBO, and others.
“Following a successful launch in the other provinces, we’re excited to finally bring the Duuo offering to Québec short-term rental hosts,” said Duuo managing director Robin Shufelt, who added that Québec is home to two of the leading short-term rental cities in Canada.
“Our goal is to make hosts feel more at ease when welcoming guests into their home, by providing the peace of mind that comes with using Duuo.”
With the addition of Quebec, Duuo now offers its product in 10 provinces in Canada. The other nine provinces are Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Newfoundland & Labrador and Prince Edward Island.
Duuo was made possible thanks to The Co-operators’ investment in the insurtech Slice Labs. Slice Labs’ cloud services and machine learning technology allows the quick creation of on-demand digital insurance products.
The Co-operators is already setting its sights on bigger insurance technologies, with the creation of a fund primarily for insurtech investment. The company said in a previous statement that it is willing to collaborate with insurtechs that offer cutting-edge technology and solutions which “meet the changing needs and preferences of [the company’s] clients.”