INSURANCE INDUSTRY NEWS
SONAR Report: Pandemic-Related Emerging Risks
New risks and trends accentuated by the coronavirus pandemic are emerging, but the current crisis shouldn't overshadow the need for the world to transition to a more sustainable economy and a low-carbon future, according to the latest SONAR report from Swiss Re Institute.
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Brokercore Reaches CSIO Certification Milestone
CSIO is pleased to announce that Brokercore has become the first CSIO member to achieve the Level II Verified milestone in the Commercial Lines Certification Program. To reach this, Brokercore successfully demonstrated their implementation of CL Data Standards and real-time quoting functionality from their BMS for sample contractors' business.
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Apollo Launches Renters Insurance Online
Apollo Insurance Solutions Ltd., Canada's largest online insurance marketplace, has launched their first personal lines product, a Renters Insurance product available to purchase online through the Apollo Exchange platform.
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Carriers’ Views of Enhanced Risk Mitigation
While the loss ratio problem can be solved multiple ways, carriers often employ risk mitigation to address the issue. For a new report, Aite Group went right to the source – insurance carrier executives – to gauge carriers' receptiveness to the concept of enhanced risk mitigation.
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Digital Marketing And Agent Distribution
Like marketers in other intermediated industries, insurance marketers adopting the latest in marketing technology and digital analytics face the challenge of not owning the critical sales step in their customers' lifetime journey with the brand. In a new report, Novarica looks to other intermediated industries such as pharma, auto, and wealth management for solutions and tactics.
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Hub International Acquires HB Consultants
Hub International Limited, a leading global insurance brokerage, is pleased to announce that it has acquired 838517 Alberta Ltd., operating as HB Consultants. Terms of the transaction were not disclosed.
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Hub Acquires Ontario-Based usefulideas®
Hub International Limited, a leading global insurance brokerage, is pleased to announce that it has acquired JM Rose Insurance Agency Limited, doing business as usefulideas®. Terms of the transaction were not disclosed.
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DKI Canada Welcomes Precision Restorations
DKI Canada is proud to welcome its newest member, Precision Restorations Inc., a leading provider of full-service property restoration in BC's Metro Vancouver and Fraser Valley for more than 20 years.
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Messagepoint Debuts CCM Solution Connector
Messagepoint is pleased to announce the availability of a connector that enables its customers to leverage Sefas Designer, an end-to-end omnichannel customer communications management solution. The connector for makes it possible for Messagepoint customers to take advantage of Sefas' high performance composition and post-composition capabilities.
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Platform Insurance Expands In Quebec
PLATFORM Insurance Management Inc., a leading construction, real estate and development insurance broker, is pleased to announce that it has opened PLATFORM Quebec Insurance Brokers Ltd., with offices in Montreal, establishing a new location for PLATFORM to service the local market.
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Marsh, AXA XL Launch Delivery Solution
Marsh, the world's leading insurance broker and risk advisor, today announced the launch of Marsh deliveryPRO, a customizable insurance solution that enables US businesses to meet the increased demand for same-day delivery of their products more efficiently.
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Betterview Secures Investment From Guidewire
Betterview is pleased to announce it has raised USD 7.5 million in new funding from Guidewire Software and existing investors, bringing the company's total capital raised to $17M. Betterview will use the funds to expand its industry-leading capabilities in the Remote Property Intelligence space.
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Low-Code/No-Code For Insurers: Novarica
As insurers accelerate their digital transformation efforts, platforms that allow non-developers to participate in the development process can increase collaboration between the business and IT, while reducing time to market and cost. In a new report, Novarica introduces low-code/no-code technology, explores applications and use cases in insurance, and profiles vendors with experience supporting insurers.
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Insurers’ COVID-19 Relief Measures Spotty
Only one in four Canadian auto insurance customers reports receiving an offer of rate relief from their insurer, according to a new survey by InsuranceHotline.com, which reveals only 25% of respondents say they were offered rate relief from their auto insurer, compared to 64% who say they were not.
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Marc Lipman Named President of Lloyd’s Canada
Specialist re/insurer Lloyd's is pleased to announce it has appointed Marc Lipman the new president of Lloyd's Canada and Attorney-in-Fact for Lloyd's Underwriters.
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