INSURANCE INDUSTRY NEWS
Consumers Embracing UBI, Connected Cars
More than half of all drivers say they are likely to buy a new or pre-owned vehicle equipped with new technology features in the next two years, according to Willis Towers Watson's U.S. consumer usage-based auto insurance (UBI) survey.
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CSIO Announces eSlip Digital Delivery Solution
The Centre for Study of Insurance Operations is pleased to announce an industry solution for the digital delivery of proof of auto insurance cards, or eSlips.
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InsurTech, Commercial Lines Surge: SMA Report
There's a lot of news and noise about InsurTech, and a growing body of InsurTech activity is relevant for commercial lines, while it seems that the pace of new startups and the progress of previous startups has picked up.
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Is The IoT ‘Value Proposition’ Valuable Enough For Commercial Insurance?
The Internet of Things has caught the imagination of the property & casualty insurance industry. Telematics for personal auto insurance is becoming a standard offering. But adoption of IoT-based products for other lines of insurance is proceeding much more slowly.
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Economical Simplifies Business With Changes To Legal Entities
As Economical Insurance continues its journey to become a public company, it is migrating to a simpler legal entity structure while continuing to offer a wide range of products and excellent service to broker partners and customers.
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Applied Systems Launches Predictive Quoting For Rating Services
Applied Systems has announced the general availability of predictive quoting for Applied Rating Services, Canada's leading comparative rating service for the insurance industry.
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Approved Surety Program Enhances Contractor Bonding Limit
Approved Surety & Casualty is pleased to announce the launch of Approved Capital, a capital disbursement program for brokers that will allow their contractor clients to qualify for higher bonding limits while providing surety markets with extra security.
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SouthEastern Mutual Joins MCCG Community
SouthEastern Mutual Insurance Company has partnered 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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Sharp Mobile Integration Promotes Broker Channel
Sharp Mobile Technology and Zycomp Systems are pleased to announce a new integration that will enhance brokers looking to provide best-in-class service. The new functionality will give brokers more access to data, better insights and analytics both in the iMobilebroker and Power Broker platforms.
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The Co-operators acquires Assurance Auclair
The Co-operators General Insurance Company is pleased to announce that it has purchased Assurance Auclair, located in Quebec City. The brokerage's portfolio includes personal and commercial insurance policies.
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The Edge Launches New Health & Dental Plan
The Edge Benefits is pleased to announce the launch of a new health and dental plan into the Canadian insurance marketplace which allows clients to build a plan to suit their needs and their budget, starting with an affordable base guaranteed issue plan and layering in additional benefits as needed.
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Record Catastrophic Claims In Western Canada Stress Home Insurers
A record year for catastrophic disasters has put Canadian home insurers to the test, and a spike in major claims has created significant challenges for insurance carriers, according to the J.D. Power 2017 Canadian Home Insurance Study.
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Opta Launches Wildfire Grading Index
Fire Underwriters Survey, a division of Opta Information Intelligence, has studied recent catastrophe events and developed the Wildfire Grading Index, a new model for insurers to better understand the risk of wildfire-related losses.
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Three Surprise Reveals At Fast Forward Event
At this week's Fast Forward, Gore Mutual delivered on its promise to bring industry experts and brokers closer together through trust, cooperation and innovation to deliver real solutions to a sold-out audience.
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