Number of Members Covered By Canopy 43% Above Projections
A little over a year after announcing a joint venture between the GraceKennedy and the Musson Group to enter the group health and life insurance market under the brand name Canopy, GraceKennedy Group CEO, Don Wehby is signaling GraceKennedy’s confidence in its Canopy investment.
“GraceKennedy is extremely happy with Canopy’s performance to date. The company is performing exceptionally well, having signed a number of clients ranging from small entities, to large, blue chip accounts. Revenues since the company started operations in the fourth quarter of last year have exceeded projections, with the number of members covered exceeding projections by 43%. We believe that this will continue to be the trend, and that Canopy will become a formidable force to be reckoned with,” the Group CEO said.
He highlighted Canopy’s value proposition to the market, stating that clients were impressed with the company’s customer experience in the group health and life insurance market, and the provision of a hassle-free, modern approach to insurance. “The feedback has been great from our clients, who appreciate the ease of use of the Canopy platform. They really believe that the Canopy model has changed the game, and we are very proud of that,” Mr Wehby said. The GraceKennedy Group CEO, who also serves as Canopy’s Chairman, commended Canopy CEO, Sean Scott, and his team, for the progress Canopy has made in the relatively short time it has been operational.
The Chairman also commended the company for its commitment to promoting health and wellness, through the launch of Jamaica’s first online fitness & wellness platform – Camp Canopy, which is free to all Jamaicans, and not only Canopy members. “Canopy’s commitment to aid in the fight against Covid-19 through its online wellness platform, is a demonstration of great innovation in a time of crisis. This platform is not only about exercise and healthy eating. It shows Canopy’s commitment to giving back, which is in our DNA at both GK and Musson.”
Canopy was born out of GraceKennedy and Musson’s passion for Jamaica’s development, and commitment to growth through innovation. According to Mr Wehby, the company is delivering on that promise. “GraceKennedy is committed to supporting Canopy’s growth. I am confident that the company will continue to do well, which will be good for the performance of the GraceKennedy Group overall,” Mr Wehby added.