INSURANCE INDUSTRY NEWS
Future Risks Report: AXA & Eurasia Group
Eurasia Group is pleased to announce the release of a new report, co-authored with AXA, which details the emerging risks that should be on the radar of every business leader and policymaker.
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Top 10 Strategic Technology Trends For 2020
Gartner has identified the top strategic technology trends that organizations need to explore in 2020: human augmentation, distributed cloud, autonomous things, practical blockchain, AI security and hyperautomation are among the tech trends whose substantial disruptive potential is beginning to break out of an emerging state into broader impact and use.
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InsurTech Investment Already Past 2018 Total
Total global new funding commitments to the InsurTech sector in 2019 have already surpassed the 2018 full-year total, and during the third quarter exceeded USD 1.2 billion for the fifth consecutive quarter-year period, according to the Willis Towers Watson's latest Quarterly InsurTech Briefing.
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Keal Launches Powerful New Tools For Brokers
Keal, an expert in Canadian broker innovation powered by Vertafore, is pleased to announce the debut of MyBrokerHome to enhance user productivity and sales success. Users receive a customizable user interface, flexible workflows, views of their entire sales pipeline, tools for team collaboration and compliance, and much more.
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Applied Systems Announces Latest Innovation
Applied Systems has announced innovative updates across its Digital Agency™ and Brokerage portfolio. The latest advancements enable greater connectivity between agencies, brokerages, insurer partners and the end insured to create greater collaboration for higher-value business transactions and operational efficiencies.
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Markel Launches Cyber Risk Management Tool
Markel, a leading cyber liability insurer, has announced the availability of a new risk management tool for policyholders. WhiteHaX, a state-of-the-industry testing and reporting tool, simulates cyber security breaches and assesses the readiness of deployed security infrastructure and software. It is especially useful for small-to-medium size businesses.
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Wawanesa Launches Technology Platform
Wawanesa Mutual Insurance has partnered with Capgemini to implement two industry-leading digital solutions, Guidewire InsuranceSuite™ and BluePass, in order to support Wawanesa and its broker community in providing exceptional customer service to current and future policyholders across Ontario.
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Beazley Cyber Suite Launched Internationally
Cyber breach preparation and prevention have become inseparable from insuring a cyber loss, and organisations must protect themselves on all fronts. Specialist insurer Beazley is pleased to announce it has lunched its full suite of cyber risk management services for international cyber policyholders.
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Trufla Updates truMobile App With Intact Access
Trufla Technology is pleased to announce that Version 2 of the truMobile app and portal will include embedded access to Intact Insurance's Client Centre.
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Significant Rise In Ransomware Incidents
Cyber criminals are exploiting weak security programs to target both IT vendors and their clients, Beazley data reveals after a spike in ransomware attacks reported to Beazley Breach Response Services in the third quarter of 2019.
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Top Tips For IoT Device Security: Deloitte
The number of connected Internet of Things devices is expected to exceed 41 billion by 2025. In an effort to help organizations shore up their security postures, Deloitte offers five tips for organizations to address IoT security in the products they deploy.
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MGA Core System Ownership Trending Upward
Insurers turn to MGAs to help grow business, expand into new areas, or fill gaps in underwriting expertise. At the same time, MGAs are exploring emerging technologies and InsureTechs to improve performance. Novarica's latest report provides an overview of the MGA market with technology strategy implications and profiles of core system solutions.
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A Platform For Market Leadership In The Digital Era
Majesco has released a new research report on insurance platforms which underscores how visionary leaders are leveraging customer, market and technology trends as a manifold opportunity for insurance growth by reaching new or underserved markets, creating innovative new products and personalizing the customer experience by using new sources of data and offering compelling experiences.
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Verisk Launches Cyber Data Exchange
Verisk, a leading data analytics provider, is pleased to announce the creation of its Cyber Data Exchange, an analytics solution that aggregates cyber insurance data to help insurers gain insights into the market and improve strategic decision-making.
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IBAO Recognizes Broker Channel Achievements
The Insurance Brokers Association of Ontario (IBAO) has highlighted top achievers with the annual Awards of Excellence. This year the awards were expanded to five categories in order to recognize more of the exceptional talent in the broker channel.
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Breathe Life Marks Major Milestones
Breathe Life has announced a number of milestones in its rapid ascent to InsurTech leadership. Since launching last year, Breathe Life has secured several new customer wins, successfully launched and deployed new AI-driven products, and doubled its team to keep pace with growing demand for its platform and mission to protect families around the world.
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SCM ClaimsPro Partners With Encircle
ClaimsPro, Canada's independent adjusting and claims management leader, is pleased to announce that it has entered into an exclusive agreement with Encircle Inc., a leading provider of real-time documentation and productivity tools for the insurance and restoration industries.
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Guidewire Extends Use Of Advisen Cyber Data
Guidewire Software has signed an agreement to continue leveraging Advisen data for the Guidewire Cyence™ Risk Management data model. Advisen data has been included in Cyence Risk Analytics since its creation in 2015. The model enables insurers to proactively evaluate exposure and measure the financial impact of cyber risks.
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CAA Leverages Medallia To Boost Customer Loyalty
Medallia, the global leader in experience management, is pleased to announced that the Canadian Automobile Association (CAA) is leveraging Medallia to enhance its customer experience.
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Blink Named To “The InsurTech 100” List
Blink, one of the world's fastest growing Travel Insurance InsurTechs, has been named to The INSURTECH100. The INSURTECH100 is an annual list of the world's most innovative InsurTech companies that are solving significant industry problems, generating cost saving or efficiency improvements within insurance as selected by a panel of analysts and industry experts.
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Sentinel Risk Acquires Horizon Insurance
Sentinel Risk Insurance Group is pleased to announce the acquisition of Toronto-based independent insurance brokerage Horizon Insurance. Moving forward, Horizon Insurance will operate under the Sentinel Risk name and organization; the office will remain located in Etobicoke's Islington Village.
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Billing Systems: Novarica Market Navigator
Modern property and casualty billing solutions are maturing, giving carriers better options than ever before for a billing system modernization. Novarica's latest Market Navigator report provides an overview of the available stand-alone billing systems for US P&C insurers, with profiles of vendor solutions.
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Marketing Resources Promote Benefits Of eSlips
CSIO has launched new consumer-facing marketing resources showcasing eSlips and My Proof of Insurance; the material is meant to be used by CSIO members to educate their customers on the benefits of eSlips.
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Navacord Expands Footprint Into Quebec
Navacord is pleased to announce the opening of the Laval location of Jones DesLauriers Insurance Management, a founding Navacord Broker Partner. The expansion into Quebec further develops Navacord's client-centric strategy with the ability to service clients in French and English, in addition to building out their wood and forestry practice.
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Manulife And Mila Partner To Boost Wellness
Manulife is partnering with Mila, a Quebec-based innovation space for artificial intelligence and technology, to develop new financial and health wellness research projects, enhance its AI and advanced analytics capabilities and deliver on its commitment to help make decisions easier and lives better.
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US Auto Claims Satisfaction Hits Record High
Even as drivers continue to log a record number of miles behind the wheel and rack up ever-higher auto insurance claim totals, insurance carriers are rising to the challenge by delivering the highest levels of customer satisfaction ever catalogued by the J.D. Power U.S. Auto Claims Satisfaction Study.
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FSRA Issues New Guidance Framework
The Financial Services Regulatory Authority of Ontario has issued a new Guidance Framework to standardize its guidance across regulated sectors and to ensure clarity for stakeholders and consumers around their legal requirements and expectations.
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Intact Invests To Protect Against Climate Change
Natural disasters caused by climate change are real and immediate; they cost billions every year. Intact Financial Corporation is investing CAD 1 million in charities that are developing practical and effective solutions to help protect people from natural disasters, including floods, wildfires, extreme heat, wind and hail.
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MPI Launches Driver Z Program For Students
Just in time for National Teen Driver Safety Week (Oct. 20-26), Manitoba Public Insurance is pleased to announce the official launch of its Driver Z program for students. Over the next few months, thousands of students in 170 high schools will get to experience the program's new and innovative learning tools.
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It's National School Bus Safety Week
Safety Services Nova Scotia has launched its annual School Bus Safety Awareness Campaign, which takes direct aim at the motoring public – particularly those who endanger the lives of our students by passing stopped school buses while red lights are flashing and the stop arm is extended.
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