INSURANCE INDUSTRY NEWS
Coronavirus Impact On The Insurance Sector
ReportLinker is pleased to announce the availability of a new report which reviews the key trends and evolving developments shaping the impact of the COVID-19 outbreak in the Canadian insurance sector.
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Commercial Insurance Buyers Face An Extended Hardening Market
North American commercial insurance buyers will continue facing upward pricing pressure across most lines of business, compounded by a newfound scrutiny of their coverage terms and conditions, according to Willis Towers Watson's latest Insurance Marketplace Realities update. Notably, the report expects that the decline in economic activity will lead to large reductions in insurable values, yet not a single line of business predicts overall rate decreases. However, in many lines, the ultimate impact of the pandemic and economic downturn remains to be seen.
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9 Trends That Will Impact The Future of Work
Organizations can differentiate themselves from competitors during the COVID-19 pandemic by leveraging nine ongoing trends, according to Gartner, Inc. These trends are broken into three categories: accelerating trends, new impacts that were not previously part of the future of work discussion, and pendulum swings – temporary shorter-term reactions.
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P&C Insurers Face Challenges In 2020
The private U.S. property & casualty insurance industry had solid results in 2019, with increases in net income, underwriting gains, and policyholders' surplus, but faces considerable challenges in 2020 as the effects of the global pandemic unfold, according to Verisk and the American Property Casualty Insurance Association.
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CSIO Launches Commercial Lines Certification
CSIO is pleased to announce the launch of its new Commercial Lines (CL) Certification Program. The program is designed to support and recognize insurer and service provider members who have implemented CSIO CL Data Standards according to industry guidelines, providing the foundation for real-time quoting.
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Partnership To Advance Insurance Mobile Capabilities
Xceedance and Xemplar Insights are pleased to announce they have entered a strategic partnership to bring innovative, mobile-based InsurTech solutions to global property & casualty insurance markets.
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Marketing Technology Solutions Gaining Traction
As insurance companies become increasingly aware of the importance of digital marketing technologies across a range of functions, the field of vendors is dominated by large, horizontal vendors advertising single-platform solutions for the whole marketing life cycle. In a new report, Novarica discusses 100 MarTech vendors.
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Cyber Analytics Product For Broker Market
Cyber risk analytics specialist CyberCube has launched a new software-as-a-service application designed specifically for insurance brokers. "Broking Manager" facilitates quick and efficient client insight for both generalist and cyber specialist brokers. The product is built to help brokers quantify, understand, and explain the sources and financial impact of cyber risk exposure.
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Guidewire Announces Loveland Innovations As New Solution Alliance Partner
Guidewire Software, Inc., provider of the industry platform Property & Casualty insurers rely upon, is pleased to announce that Loveland Innovations, a leading provider of data analytics and technology solutions for insurance, has joined Guidewire PartnerConnect as a Solution Partner.
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ClearPay Electronic Brokerage Platform Implemented By Wawanesa
ClearPay is pleased to announce that Wawanesa has fully adopted the ClearPay brokerage payment and reporting platform. This platform enables the independent brokerage community to eliminate the need for paper cheques and manual reporting to be sent to Wawanesa.
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iA Taps Dialogue To Offer Virtual Healthcare Services
Since staying home remains the best way to limit the spread of the coronavirus, iA Financial Group is pleased to announce it is teaming up with Dialogue, the Canadian telemedicine leader, to facilitate access to healthcare for its clients.
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The Leslie Group Acquires Marathon Benefit Corp
The Leslie Group Ltd., an employee benefits consulting firm based in Toronto, is pleased to announce it has acquired Marathon Benefit Corporation, headquartered in Calgary, Alberta.
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As Pandemic Spreads, Most Consumers Retreat
Deloitte has shared the results of the first in a series of biweekly surveys of consumers amid the global pandemic and lockdown, provide insight into how consumers in different countries intend to weather the dual crisis of personal safety and economic vulnerability.
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The Case For Identity & Access Upgrades
IT managers globally have been under pressure to extend data protection beyond simple perimeter defense, especially as more employees work from home and elsewhere. Identity and access technologies create tremendous value for any organization, when knowing people are who they say they are is increasingly critical.
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Best Practices For Disinfecting Premises
As organizations begin planning the methodical process of reopening after being closed due to the COVID-19 pandemic, they should understand the importance of proper cleaning and disinfection of their buildings. Ecclesiastical Insurance has published a risk control bulletin and best-practices guide that outlines an overall approach.
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Lockdown Taking A Toll On Mental Health
Millions of Canadians haven't left their homes in weeks except perhaps to visit the grocery store or pharmacy. In a recent survey of Canadians conducted by Sun Life, more than half said COVID-19 is having a negative impact on their mental health, with social isolation the top contributing factor.
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Accenture Acquires Callisto Integration
Accenture has acquired Callisto Integration, a provider of digital manufacturing consulting and technology services. The acquisition expands Accenture's capabilities to help clients in North America ensure the timely production of orders, increase their yield and enhance the quality of their products.
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Element AI Names New CFO & CRO
Element AI, a global developer of AI-powered solutions and services, is pleased to announce that it has appointed a new Chief Financial Officer, Roger Blanchette, and Chief Revenue Officer, Stephan Rioux.
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Contractor Connection Celebrates 10 Years
Contractor Connection, a division of Crawford & Company, is pleased to announce that May 11th marks its 10th anniversary in Canada. Over the last decade, Contraction Connection, an industry leader in contractor managed repair, has processed more than 350,000 assignments and expanded its multi-trade contractor network to more than 750.
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