Business
Pineapple Financial Inc. Partners with CPP to Expand Pineapple Insurance Offering Building on Success and Unlocking a Multi-Billion Dollar Opportunity in Life, Creditor, and Disability Insurance for Mortgage Clients
Toronto, Ontario--(Newsfile Corp. - May 2, 2025) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian fintech platform, is thrilled to announce a new strategic partnership with CPP (Canadian Protection Plan) to further enhance its Pineapple Insurance division. This collaboration is designed to broaden the suite of life, creditor, and disability insurance offerings available to clients, continuing to position Pineapple as a key player in the growing Canadian insurance market.Follo
About this update from Pineapple Financial Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 2, 2025) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian fintech platform, is thrilled to announce a new strategic partnership with CPP (Canadian Protection Plan) to further enhance its Pineapple Insurance division. This collaboration is designed to broaden the suite of life, creditor, and disability insurance offerings available to clients, continuing to position Pineapple as a key player in the growing Canadian insurance market.","length":495,"tagName":"p"},{"type":"text","content":"Following the successful launch of Pineapple Insurance earlier this year, which has already received positive adoption across its customer base, this partnership with CPP will further elevate the company's ability to provide comprehensive and tailored financial protection solutions that seamlessly integrate with the mortgage process. Pineapple Insurance, which launched with great enthusiasm, is now expanding its reach and impact, ensuring that clients continue to receive the most relevant and secure coverage for their unique needs.","length":541,"tagName":"p"},{"type":"text","content":"A Multi-Billion Dollar Opportunity with CPP Partnership The addition of CPP to Pineapple Insurance provides clients with enhanced insurance options, allowing the company to offer a more diverse range of life, creditor, and disability coverage. The Canadian life and health insurance sector remains a significant opportunity, with $122 billion CAD in premiums generated in 2022 alone, and a forecasted annual growth rate of 4.5% through 2027. By integrating these offerings into the mortgage process, Pineapple is well-positioned to capture a larger share of this market and further expand its revenue streams. With over 700,000 new mortgages issued annually and nearly 47% of mortgages set to renew within the next three years, the potential for cross-selling insurance products remains immense.","length":796,"tagName":"p"},{"type":"text","content":"The recent regulatory changes, which now require an insurance offer for all mortgage applications, further underscore the timeliness of this partnership. Pineapple Insurance is not only meeting this regulatory requirement but also creating an integrated, value-added solution that improves the client experience, while opening up new opportunities for growth. This partne...