INSURANCE INDUSTRY NEWS
Insurance Marketplace Realities 2019
Two separate trends are currently impacting market conditions for insurance buyers. The first is a relatively modest but definite rise in rates across most liability lines of insurance, in response to relentless loss activity. The second trend is a resurgence of mergers and acquisitions among insurers – particularly “mega deals.”
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Life Insurers Enhancing Claims Systems: Novarica
As carriers look to improve claims processing, vendors are responding with solutions that provide improved integration, more analytics, and other capabilities and support for new product features. In a new brief, Novarica discusses trends and carrier needs, and profiles six prominent providers of standalone life claims solutions.
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Robotic Process Automation In Life & Health
Life and health insurance carriers around the world struggle to recognize RPA as an opportunity to be more operationally efficient and scalable, reduce operating costs, enhance skill sets, and grow the business without increasing headcount. Aite Group's latest report examines the value added by combining RPA with human intelligence.
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Aviva Launches Onpoint For Small Business
Aviva Canada is pleased to announce the launch of Aviva Onpoint™ insurance, tailor-made for small enterprises in business and professional services, contracting and retail. This solution offers relevant and specific insurance coverage for broker clients at an affordable price point.
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Gore, CSSI Enable Real-Time Direct Rating In BC
Custom Software Solutions Inc. is pleased to announce a new partnership with Gore Mutual that enables real-time, direct rating ability for brokers in British Columbia. The integration project connects CSSI's broker management system The Broker's Workstation (TBW) and vendor rating software IntelliQuote (IQ) with Gore Mutual's rate tables.
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Terrorism Threat & Mitigation Report 2018
Pool Re has published its 2018 Terrorism Threat & Mitigation Report, which provides an overview of significant acts of terrorism during the year as well as identifying key trends and themes that Pool Re believes are relevant to the terrorism (re)insurance market.
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Applied TAM Launches Integration With CSIO
The Centre for Study of Insurance Operations (CSIO) is pleased to announce that Applied has launched its integration with CSIO's My Proof of Insurance eDelivery solution in Applied TAM in its latest general release.
The My Proof of Insurance eDelivery application programming interface (API) supports integration with BMS platforms and carrier systems. With this integration, insurance brokers may send digital policy documents including proof of auto insurance (eSlips) to personal and commercial lines consumers through My Proof of Insurance, directly within TAM.
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IBC Position Paper On Automated Vehicles
Insurance Bureau of Canada has released a position paper, Auto Insurance for Automated Vehicles: Preparing for the Future of Mobility. Its recommendations were developed over two years by auto insurance experts with input from a panel of legal advisors. IBC would like to thank the insurer representatives and legal advisors who worked on developing the recommendations in this paper.
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Intact Joins Pilot UN Climate Change Taskforce
To better protect communities and economies, Intact Financial Corporation has announced it will be part of the United Nations Environment Programme Finance Initiative (UNEP FI) Task Force on Climate-related Financial Disclosures (TCFD) pilot. The pilot brings together 16 of the world's largest insurers to better understand the impacts of climate change on their business – integral for the insurance industry in their role as risk managers.
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Towerhill Insurance Brokers Joins BrokerLink
Ontario-based Towerhill Insurance Brokers Inc. has sold its book of business to BrokerLink, citing BrokerLink's investment in technology to stay competitive and meet customer expectations as a key reason for the sale.
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