The Empire Life Insurance Co. is partnering with Rimouski, Que.-based insurtech company Magik-Net to build a real-time platform for third-party administrators.

The platform aims to help TPAs handle tasks related to the administration of employers’ group benefits plans. It’s also designed to reduce the time insurers spend processing files and confirming successful transactions.

Read: The value-added proposition of group benefits MGAs and TPAs

“Empire Life is on a mission to make group benefits simple, fast and easy for Canadians,” said Christine Wyatt, director of group digital channels at Empire Life, in a press release. “Working with Magik-Net to securely transfer data directly to Empire Life back-end systems will greatly enhance the experience for TPAs in our mutual network.”

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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