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Intact Monetary Corp., the Toronto-based property-casualty insurer, announce that it has acquired Jiffy Inc., Canada’s No. 1 dwelling upkeep app.
Via this acquisition, Jiffy can have the platform and capabilities to speed up growth of its companies throughout extra Canadian jurisdictions whereas supporting Intact’s targets of participating three out of 4 Canadian prospects digitally.
Monetary particulars of the transaction weren’t disclosed.
Jiffy is an app-based service that connects owners with native service professionals to supply varied dwelling upkeep duties similar to plumbing, exterior repairs, equipment restore, electrical work and furnishings meeting. Designed with the consumer in thoughts, Jiffy focuses on making dwelling upkeep less complicated and extra accessible for everybody.
To this point, Jiffy licensed professionals have accomplished over 450,000 jobs and have maintained a median response time of lower than 5 minutes and a 96% five-star ranking from prospects. Based in 2015, Jiffy has grown steadily since its launch with operations within the Larger Toronto Space, Ottawa and Calgary in Canada.
“At Intact, we spend money on merchandise and distinctive manufacturers that instantly assist the evolution of buyer wants. Via our partnership with Jiffy, we stay up for increasing their service providing to extra prospects, and geographies, connecting their community of licensed professionals to extra jobs,” mentioned Imen Zitouni, senior vp & chief advertising and marketing officer, Intact Monetary Corp.
“Intact is the right companion to assist Jiffy ship probably the most accessible and dependable dwelling upkeep options for owners, in addition to offering the very best instruments for dwelling service suppliers to broaden their companies to extra Canadians,” mentioned Paul Arlin, co-founder of Jiffy.
This partnership additionally helps Intact’s ongoing efforts to construct local weather resilient communities and assist Canadians scale back the dangers related to excessive climate occasions, mentioned Intact, noting that the Jiffy app connects owners with expert professionals for important dwelling upkeep, similar to cleansing eavestroughs, sump pump installations, and roof repairs.
“Jiffy’s resolution for owners and residential service professionals is the following step in delivering on Intact’s function to assist folks, companies, and society prosper in good occasions and be resilient in unhealthy occasions,” added Ryan Shupak, co-founder of Jiffy.
All of Jiffy’s staff members, together with co-founders Ryan Shupak and Paul Arlin, have joined Intact Monetary Corp.band will proceed to function underneath the Jiffy model.
About Intact Monetary Corp.
As the biggest supplier of property/casualty (P/C) insurance coverage in Canada, Intact is a number one supplier of world specialty insurance coverage, and, with RSA, a frontrunner within the UK and Eire. Intact has grown organically and thru acquisitions to over $22 billion of whole annual premiums.
Supply: Intact Monetary Corp.
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