INSURANCE INDUSTRY NEWS
Blockchain Gains Momentum in Insurance Industry
Strategy Meets Action (SMA) has released a new research report on blockchain in insurance which quantifies what is actually occurring in the industry for the property/casualty and life/annuity segments.
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Travelers Canada Appoints New President & CEO
Travelers Canada has announced the appointment of Heather Masterson as President and Chief Executive Officer, effective as of November 10. Masterson succeeds Duane Sanders, who has taken a senior leadership role in the company's largest business segment in the United States.
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Vertical Group Acquires Axis Insurance Managers
Vertical Insurance Group Ltd., the owner of Shaw Sabey, Metrix, Core, Magnes, LMG and other retail insurance brokerage businesses, is pleased to announce it has acquired the majority interest in the capital of Axis Insurance Managers Inc.
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BrokerTeam Group Launches Auto Quoting Engine
BrokerTeam Group continues to push the boundaries of technology and improve customer experience with the launch of its proprietary auto insurance quoting engine, developed to quickly and accurately provide rates from multiple insurers in real-time.
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Manulife Launches Premium Protection Plan
Manulife has announced the launch of the Manulife Premium Protection Plan™, an innovative product which can ease concerns for travelling Canadians with travel insurance coverage for trip cancellation, trip interruption, emergency medical, baggage loss and delay and accident insurance.
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Chubb Liability Suite Protects Family Offices
Family offices face significant liability exposures, but a new suite of insurance coverages from Chubb can help manage the risk for Canadian firms. Family Office Amplifier is a flexible package of coverages that includes specialized terms and conditions that reflect today's evolving financial and regulatory environment.
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ORBiT Annual Members' Meeting November 22, Insurance Institute of Ontario
Theme: “Roadmap to Speed and Profitability”
Register now.
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ExamOne joins Manulife Vitality
ExamOne has joined the Manulife Vitality program as a provider of Vitality Check, a free physical fitness checkup service to give members an update on their general health and health risks, through which members will earn Vitality Points, which can lead to rewards including discounts on their life insurance premiums.
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Groupe Lepelco Insurance Selects Applied Epic
Applied Systems has announced that Groupe Lepelco Insurance has selected Applied Epic to manage its entire business operation in a single application. Applied Epic will provide Groupe Lepelco Insurance a flexible application to automate operations and scale growth as part of their digital transformation strategy.
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Pembridge, Pafco Obtain Certification for eDocs
The Centre for Study of Insurance Operations is pleased to announce that Pembridge Insurance Company and Pafco Insurance Company have both obtained CSIO Certification for Personal Lines eDocs.
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Robot Cars Won't Retire Crash-Test Dummies Any Time Soon
The idea of fully self-driving cars is tantalizing, not only for the convenience factor but also because it offers the potential for a crash-free future. While that promise may one day come to fruition, it is far too early to retire the Institute's crash-test dummies. There will be many crashes on the road to Vision Zero.
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Auto Claims Costs Put Pressure On Insurance Price
U.S. auto insurance companies have seen private-passenger loss costs rise sharply as insurers receive more and costlier claims, according to a new white paper from the Insurance Information Institute.
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