INSURANCE INDUSTRY NEWS
Rethinking Auto Insurance As Mobility Experience
Majesco is pleased announced the release of their 5th annual primary consumer research study, Rethinking Auto: From Auto Insurance Transaction to Mobility Customer Experience, which takes a deeper dive into the market shifts and generational buying differences for automobiles, highlighting a shift from auto as a policy transaction to a mobility experience.
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SGI, CSSI Pilot Real-Time Data Exchange For Policy Change Requests
SGI CANADA and Custom Software Solutions Inc. are pleased to announce they are piloting the first real-time, personal lines policy change request transaction in Canada, starting and ending in the broker management system (BMS).
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IMS Launches Claims-Focused Telematics Solution
IMS (Insurance & Mobility Solutions), a leading provider of connected car data solutions, is pleased to announce the availability of IMS Connected Claims. The new telematics solution combines the powerful data-gathering capabilities of IMS's proprietary telematics sensor while leveraging sister company Carrot Insurance's decade of experience in partnering with insurers to deliver loss ratio reductions and better claims outcomes for policyholders. .
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Apollo Exchange Launches Builder's Risk Product
Apollo Insurance Solutions Ltd., Canada's largest online insurance marketplace, has partnered with Great American Insurance Group to offer an entirely digital Builder's Risk insurance product on the Apollo Exchange platform.
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New Demand For On-Demand: Slice Whitepaper
The world has changed in a couple of short months. In this whitepaper, Slice covers what insurers should consider to be competitive in a world that may have more impromptu quarantines and unexpected disruptions to business, entertainment, and travel. The insurance industry has adapted before in major ways; it is time we do it again.
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Guidewire’s Aspen Reimagines Core Platforms
Guidewire Software Inc. is pleased to announced the launch of Aspen 2020.1H, featuring the first cloud-optimized release of Guidewire InsuranceSuite, and additional enhancements to Guidewire InsuranceNow, Guidewire Analytics, and Guidewire for Salesforce. Aspen extends support for insurers' imperatives to unlock business and IT agility for accelerated product launches, personalized digital experiences, and embedded analytics throughout the insurance lifecycle.
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Top 10 Data & Analytics Technology Trends
Gartner Inc. has identified the top 10 data and analytics technology trends for 2020 that can help data and analytics leaders navigate their COVID-19 response and recovery and prepare for a post-pandemic reset.
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Hiscox, Thimble Offer Short-Term Business Plans
Hiscox, a leading U.S. small business insurer, has partnered with Thimble, the insurance partner that makes insurance simple to help small businesses succeed on their own terms by offering short-term liability insurance, available by the hour, day or month.
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Electric Cars Bring New Risks, Claims Scenarios
Around the globe, the take-up of electric cars is expected to accelerate rapidly in future, driven by consumer demand and government policies aimed at tackling climate change. The future of mobility is clearly electric, but the transition will lead to a fundamental change in risk for manufacturers, suppliers and insurers alike and will have a significant impact on automotive product liability insurance, according to a new report from insurer Allianz Global Corporate & Specialty.
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CCC Delivers Virtual Vehicle Inspection Solution
CCC Information Services Inc. is pleased to announce the availability of CCC® Quick View, a photo-guided vehicle inspection solution. Quick View enables auto underwriters to efficiently and affordably complete vehicle inspections virtually by offering policyholders a mobile app to easily capture vehicle photos.
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Culture Change Around Impaired Driving?
A significant drop in the number of impaired driving fatalities last year suggests most people in Saskatchewan have decided it is simply not okay to drive impaired.
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Guidewire Promotes Multiple Solution Partners
Guidewire Software, provider of the industry platform Property & Casualty insurers rely upon, is pleased to announce that six Solution partners have been promoted within the PartnerConnect Solution Alliance Program for their contributions serving mutual customers.
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Most Canadians Lack Virtual Care Access
The COVID-19 pandemic has put a spotlight on the importance of virtual care. Once an emerging trend, it's now a necessity for health care in Canada. Yet, many are facing challenges. In a recent Lumino Health survey, over half of all Canadians (55%) said they do not know how to find virtual care services.
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