INSURANCE INDUSTRY NEWS
Geo-Spatial Analysis & Connected Vehicles
Strategy Meets Action has published a new blog by Mark Breading, titled “Connected Vehicles and Insurance: Geo-Spatial Analysis as a Critical Success Factor,” on the massive transformation facing the transportation sector.
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Rise of SaaS Requires Rethinking Continuity Plans
SaaS- and cloud-based core products are increasingly attractive to insurers. In a new executive brief, research and advisory firm Novarica outlines key considerations and best practices for insurers in escrowing SaaS applications in the event of business interruption.
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WealthBar and PPI Launch Robo-Advisor Platform
In a first for Canada, WealthBar and PPI are providing a new platform called PPI Valet, powered by WealthBar, that lets PPI advisors deliver a far-ranging suite of investment options.
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Economical Launches Cyber Protection In Canada
In response to the escalating global threat of cyber attack, Economical Insurance has launched EXPERT® Cyber coverage, available to commercial policies to support Canadian businesses in the event of a data breach.
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Symbility, DeepLearni.ng Partner On Artificial Intelligence
Symbility Solutions has entered into a new partnership with Toronto-based DeepLearni.ng, a provider of enterprise artificial intelligence solutions, to provide the knowledge and tools required to successfully introduce A.I. into Symbility's technology stack.
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McDougall Merges With Monkman Gracie Johnston
Ross McDougall, CEO of McDougall Insurance and Financial, is pleased to announce that McDougall has merged with Monkman Gracie Johnston Insurance, effective immediately, and is pleased to welcome the employees of Monkman Gracie Johnston Insurance into the McDougall organization.
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Généralys, ESSOR Merge To Create Powerhouse
Généralys Assurance – one of the largest insurance brokers in home, automobile and commercial insurance in the region of Quebec – is proud to team up with ESSOR Insurance, effective July 1st, 2017.
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Arthur J. Gallagher Acquires GPL Assurance
Arthur J. Gallagher & Co. has announced the acquisition of GPL Assurance Inc., located in Montreal, Quebec. Terms of the transaction were not disclosed.
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Verisk Announces Remote Sensing Capabilities
Verisk Analytics, a leading data analytics provider, has announced a range of new capabilities in its Geomni business unit. In addition, Verisk is investing in the most technologically advanced and efficient aerial surveying platforms available.
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Empire Life Launches Segregated Funds App
The Empire Life Insurance Company has introduced a new online investment application for segregated funds to make it simple, fast and easy for clients to apply for segregated fund policies while meeting with their advisor.
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July Premium Renewal Rate Change: IVANS Index
In July 2017, premium renewal rate change for the majority of standard commercial lines products remain in positive territory, according to IVANS, a division of Applied Systems. Workers Compensation is the one product that remains in the negative premium renewal rate.
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Illegal Secondary Rental Suites Widespread
More than one-tenth of all house owners rent out a portion of their home to non-family members, and 17% of rental suites in detached houses are considered illegal, according to a new survey by Square One Insurance Services.
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