INSURANCE INDUSTRY NEWS
SSQ Launches Electronic Simplified Life Insurance
SSQ Insurance proudly expands its product offering to include new simplified and guaranteed issue life insurance products. The three new life insurance options let customers get coverage in under 60 minutes via a 100% electronic process.
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Preparing For The Next Distribution Model
Physical distancing has shifted in-person activities to digital and remote channels. This change will affect insurance distribution – and society's relationship with technology – both in the near term and in the longer term as we move toward the "next normal."
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Quadient Launches Solution For Comprehensive Management Of Customer Journeys
Quadient is pleased to announce it has partnered with Kitewheel to offer an enriched solution for managing the customer journey. The new Customer Journey Explorer provides unified management of vital touchpoints, making it possible to measure and optimize each journey to increase customer satisfaction.
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Hi Marley Joins Guidewire PartnerConnect
Hi Marley, a leading communications solution specifically designed for the insurance industry, and Guidewire Software, Inc., the platform P&C insurers trust, are pleased to announce that Hi Marley has joined Guidewire PartnerConnect as a Solution partner.
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CSIO CL Working Group Finalizes Questions For Quoting Small Retail Business
The CSIO Commercial Lines Working Group has finalized a standard set of questions required for underwriting small retail business submissions. Standardizing the questions helps support workflow efficiencies between brokers and insurers by improving the speed of information exchange, and strengthens the value proposition of the broker channel.
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Board-Business Dynamic Exacerbating Cyber Risk
A disconnect between cybersecurity efforts and business functions is putting organizations at risk. The EY Global Information Security Survey finds that 34% of Canadian organizations have yet to fully articulate their cybersecurity risk, compared to 16% of global peers.
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Life Insurers Turn To SaaS Core Systems
While the impact of the COVID-19 pandemic on core transformation projects remains unclear, it has exposed a range of risks and challenges associated with aging technology environments that could impact future state investment strategies. In its 13th annual Novarica Market Navigator report on Life/Health/Annuity Policy Administration Systems, research and advisory services firm Novarica provides an overview of the available policy administration systems and suites for US life/health/annuity insurers, as well as profiles of 23 vendor solutions.
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IBM & SAP Announce New Offerings
IBM and SAP SE are pleased to announce their partnership's next evolution, with plans to develop several new offerings designed to create a more predictable journey for businesses to become data-driven intelligent enterprises.
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Beazley To Offer Live Virtual Event Cover
Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a virtual event. The cover is available on a global basis.
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Sunnybrook & Lumino Connect Patients To Care
Sunnybrook Health Sciences Centre is now offering Lumino Health's Provider Search tool on their patient care pathways website. Lumino Health network is Canada's largest network of providers with access to 150,000 health professionals.
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IBC Hails B.C. Government Strata Reforms
British Columbia has introduced legislation that would bring about significant reforms to how stratas in the province are managed. Insurance Bureau of Canada believes the new measures are an important first step to help improve the insurance market for strata corporations in BC.
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Continuing Education Benefits Professionals
With the majority of the insurance industry working remotely in recent months, CSIO has been able to support brokers in their professional development through online learning. This year, more than 2,200 insurance professionals have participated in CSIO webinars and eLearning courses.
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