CloudAdvisors has unveiled “Version 3” of its platform.
The Vancouver-based insurtech startup recently announced a slew of updates to its platform which result in “a complete overhaul of [the] core user experience,” according to a statement from the company.
“With Version 3, we’ve taken a bigger step forward with both our user experience and technical capabilities to ensure true democratic access to healthcare,” says Matt Lister, CEO of CloudAdvisors.
Updates to CloudAdvisors look to innovate the end-to-end process of selecting employee benefits for competitive organizations. These latest additions are designed to allow plan sponsors, group advisors, and benefit providers to easily navigate a sleek, user-friendly experience.
These updates include open marketplace access at no cost; on-demand quotes and online purchasing; and an artificial intelligence-powered analytics dashboard.
“The purpose of the benefits marketplace is to provide employers with equal access to the most competitive solutions available today,” explains Lister, a cofounder. “We talk frequently about revolutionizing the benefits industry, and that’s exactly what we’re accomplishing with this relaunch.”
The BC firm says these “large pivots” in its key offering comes amid market-wide challenges in recruitment and retention.
“The next step is for employers and group advisors to learn there’s an alternative option out there from the traditional approach,” says Lister. “We’ve eliminated long lead times, inaccurate budgeting, and trial and error in choosing great benefits.”