INSURANCE INDUSTRY NEWS
Framework For Autonomous Vehicle Insurance
The Travelers Institute has released a white paper which presents Travelers’ assessment of the existing auto insurance structure, both personal and commercial, in the context of resolving claims and providing fair compensation to accident victims as vehicles become more autonomous.
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XL Catlin, Slice Launch On-Demand Cyber Solution
Slice Labs Inc. has announced that XL Catlin is creating the world's first on-demand cyber insurance solution for U.S. small and medium-sized business, built on the Slice Insurance Cloud Services™ (ICS) platform. XL Catlin is the third large insurer to use ICS since Slice launched the platform in January of 2018.
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Guess Who's Really Disrupting Insurance
“Transformation” is this year's umbrella theme for the annual SMA Summit. SMA analyzed reports, analyst statements, articles and public presentations to gain insight into (and best practices from) the innovation and transformation journeys of the largest insurers. A new research brief reviews the findings.
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Economical Adopts IBM Cloud To Drive Innovation
Economical Insurance, one of Canada's leading property and casualty insurance companies, has adopted IBM Cloud to assist in streamlining its business processes, creating new efficiencies and accelerating the delivery of new digital experiences for brokers and customers.
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TechCanary Incorporates in Canada
TechCanary, a provider of a cloud-based, analytics-driven insurance solution built natively on the Salesforce platform, has incorporated in Canada as TechCanary Insurance Software of Canada ULC and has established a Canadian headquarters.
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iA App Now Covers Group Savings, Retirement
iA Financial Group has reached an important phase in its shift to digital by integrating group savings and retirement plans in its mobile app, iA Mobile. Plan members can now track the growth of their retirement savings, investment returns, and progress to their retirement goals via the iA mobile app – anywhere and anytime.
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Number Of UBI Customers Soaring: PTOLEMUS
Initially a niche product in the auto insurance market, UBI has become mainstream. PTOLEMUS's annual Usage-Based Insurance overview illustrates how UBI has grown to cover all customer segments using countless value propositions and multiple device categories.
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RCMP Warns Drivers, Passengers To Buckle Up
The RCMP has issued a warning on the deadly consequences of not wearing seatbelts. In the last 5 years, of the fatal collisions that the RCMP has responded to, approximately one third of all of the people killed were not wearing seatbelts. Many of these collisions would not have been fatal had seatbelts been worn.
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