TechCanary, an American developer of cloud-based insurance management systems, has incorporated in Canada.

The company has incorporated as TechCanary Insurance Software of Canada ULC and has established headquarters in the country. According to a release, TechCanary’s “rapidly growing Canadian market share and expanding client base” are the key reasons for its incorporation.

Both Saima Shaukat, TechCanary’s new chief revenue officer, and chief technology officer Pat Forgione will be based in the Canada office and are in the process of building “an expanded Canada-based team dedicated to support existing clients and engage new clients in the region,” the company said.

“Our TechCanary platform and value proposition have really resonated with the Canadian market, resulting in an overwhelming demand for our broker management system and related services,” said TechCanary CEO and co-founder Reid Holzworth.

Holzworth added that while there are a lot of similarities between the US and Canadian markets, TechCanary has recognized that Canadian brokers and carriers have their own unique needs.

“We are focused on expansion in Canada and the Canadian HQ is proof of our commitment with a team of talented professionals who bring expertise in the nuances of the Canadian insurance market,” he stated.

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