INSURANCE INDUSTRY NEWS
The Roadmap to ‘Touchless’ Claims
New automotive claims research released by LexisNexis Risk Solutions found that while some carriers continue to favor traditional claims processes, the demand for faster cycle times, reduced expenses and improved customer satisfaction is driving increased automation and an eventual migration from virtual to touchless claims.
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Cyber Insurance Considerations For Businesses
Organizations considering stand-alone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage according to some of the tips offered in a newly released RIMS Professional Report on cyber insurance.
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JLT Re Expands Analytical Modeling Capability
JLT Re, the global provider of reinsurance broking and consultancy, has combined forces with leading flood modeling company KatRisk to bring innovative flood risk modeling capabilities to clients across Canada and beyond.
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BHSI Expands Executive, Professional Lines
Berkshire Hathaway Specialty Insurance has announced that it is introducing four new executive & professional lines products for financial institutions in Canada.
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Roost Partners With Insurance Leader Desjardins
Roost, an innovator in smart home technology and creator of the Roost Smart Battery, Roost Smart Smoke Alarm and Roost Smart Water Leak and Freeze Detector, has announced a partnership with Desjardins, Canada's third largest property and casualty home insurer, to provide free Smart leak detectors to customers when they sign up for the Desjardins Insurance Home-Auto or The Personal app.
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Chubb to Provide Identity Management Services
Chubb has partnered with CyberScout's identity management and data theft service experts to offer a broad array of identity management services to all Masterpiece homeowners policyholders in Canada on a fully complimentary basis.
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The Guarantee Launches H2O+ Water Protection
The Guarantee Company of North America launches its eagerly awaited water endorsements, GUARANTEE GOLD H2O+™ and Guarantee SUPERIOR H2O+™. This comprehensive, read-in coverage sits on top of existing sewer back-up coverage in every residential policy and is designed to offer complete water protection for all policyholders by extending coverage to overland or fresh water flooding, damage caused by ground and surface water and waterborne ice.
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Desjardins Launches Water Damage Prevention
Desjardins is announcing the launch of Alert, a new home insurance program to prevent water damage, available nationwide. When clients with a home insurance policy from Desjardins Insurance or The Personal sign up for Alert, they get a free connected device – a water, freeze and humidity detector – to place close to a potential source of leaks.
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Andrew Agencies Acquires McCracken Insurance
Andrew Agencies and the McCracken Family are pleased to announce that effective April 3, 2017m, Andrew Agencies Ltd. has purchased McCracken Insurance M.I.L. Ltd., located in Airdrie, AB.
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Cal LeGrow Joins Canadian Broker Network
Canadian Broker Network (CBN), Canada's leading network of independent insurance brokers, is pleased to announce that Cal LeGrow Insurance Ltd., from St. John's, Newfoundland, has joined CBN.
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Townsend Joins MCCG Client Community
Townsend Mutual Insurance Company has chosen to partner with MCCG by selecting the Insurance Business Solution (IBS) for their enterprise back-office solution and joining the MCCG Client Community.
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EIS Group ClaimCore Delivers Disability Claims
EIS Group's latest version of the ClaimCore solution supports claims for disability insurance and enables benefits insurers to improve disability claims accuracy and efficiency, automate payment calculation, improve compliance and enhance customer service to employers, employees and brokers.
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Landmark Investments To Disaster-Proof Canada
The Federal Government's 2017 budget dedicates significant funds to protect Canadians and their communities from the ravages of natural disasters, reports Insurance Bureau of Canada.
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