INSURANCE INDUSTRY NEWS
HeyBryan, Duuo Announce Gig Economy Solution
HeyBryan and Duuo are excited to the details of a new on-demand gig insurance solution, available soon for all HeyBryan experts, in partnership with digital insurance brand Duuo. The new insurance solution, branded Duuo Gig Insurance, will be the first of its kind in the Canadian gig economy.
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Top 50 P&C InsurTechs: SMA Report
Strategy Meets Action, a leading insurance advisory firm, has published a new research report on "The Top 50 InsurTechs in P&C," based on SMA's extensive research and insights. The Top 50 are the InsurTechs that have achieved significant success in building impactful and sustainable companies; these companies are catalysts for innovation and change in insurance.
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FIRST Canada Revolutionizes Payments
FIRST Insurance Funding of Canada, the industry leader in insurance payment solutions, is pleased to announce the launch of customized payment options.
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U.S. Consumers Ready For Smart Home Options
As insurance carriers focus on building loyalty and trust, a new opportunity is forming through connected home devices. Consumers are discovering the benefits of these devices and are creating data that insurance carriers could use for marketing, rating, and claims handling. A new Aite Group report analyzes whether matching the use of connected devices with rewards programs could generate new data streams for insurance carriers.
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Life Insurers Waking Up To Importance Of CX
With Generation Z beginning to enter the workforce, life insurers know that it is critical to maintain relevance with the emerging demographic of younger, tech-savvy individuals in customer and producer communities. In a new report, Novarica provides an overview of individual life insurance business and technology issues, data about the marketplace, and examples of recent technology investments made by individual life insurers.
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Blink Parametric Launches Luggage Solution
Irish InsurTech BlinkParametric.com is pleased to announce the launch of Blink Luggage, building the next generation of travel insurance services in a changed world. The launch comes as Blink works with its partners to develop post-pandemic travel insurance solutions.
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Apollo Exchange Welcomes Joel Schuster
Apollo Insurance Solutions Ltd. is pleased to announce that Joel Schuster has joined the leadership team as Chief Operating Officer and General Counsel.
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Partnership To Revolutionize Claims Adjustment
Pacesetter Claims Service, OnSeen Inc., and HOVER have announced the launch of the LiveClaims Solution that will become the foundation of Pacesetter's new and streamlined field adjustment workflow. LiveClaims virtually connects all parties involved in the claim adjustment workflow in real-time through an affordable, easy-to-use, mobile-web platform.
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Prepare for Flood Season: IBC
With warmer weather arriving, snowmelt coupled with spring storms once again increase the risk of spring flooding across Canada. Provincial Emergency Management authorities have predicted certain communities across the country will likely experience flooding and Canadians should be prepared.
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INSURANCE & CORONAVIRUS NEWS
Workplace Agility In Financial Services
Populations around the world are in lockdown due to the coronavirus pandemic. Shelter-in-place mandates have forced financial institutions to shift some personnel to working from home. Some of their operations, such as call centers, have been hit hard by the lockdown. How agile have the financial services industry and its vendor community proved so far with their workplace transitions?
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Verisk Launches COVID-19 Projection Tool
Verisk is pleased to announce the launch of its COVID-19 Projection Tool. This interactive tool, powered by AIR's pandemic modeling data, provides COVID-19 case and death projections worldwide for the next four weeks and the data will be updated on a daily basis to project one day further into the future.
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Onlia Waives May Insurance Premiums
Onlia, safety advocate and fast-growing provider of digital home and auto insurance in Ontario, has announced additional measures to support and protect its community throughout the COVID-19 pandemic. Onlia is introducing a premium holiday during the month of May for their home and auto insurance customers.
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FSRA Releases Consumer Relief Guidance
The Financial Services Regulatory Authority of Ontario has released guidance that is aimed at ensuring consumers are treated fairly, and insurers have a number of options for providing customers with financial relief during this temporary declared emergency period.
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Pandemic Fuels Financial Concerns: LIMRA Survey
In the midst of the coronavirus pandemic, more than half of Americans are very or extremely concerned about the economy, according to a new LIMRA study which finds just one quarter of Americans hold a favorable outlook on the economy.
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