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JULY 21, 2020

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INSURANCE INDUSTRY NEWS

Link Launches Quote And Bind Through Website
Link Insurance is pleased to announce the launch of a new website that incorporates live quote and bind technology for tenants and commercial insurance. As the first brokerage to use the Trufla Technology and Apollo Exchange program partnership, Link is already seeing an influx of business coming in through their new offering. Read more.

Majesco Launches New Product Portal
Majesco, a global provider of cloud insurance platform software, is pleased to announce a new product portal – providing customers fast and easy access to robust product information and insight to product roadmaps and future of insurance technologies that will expand and accelerate customer's planning and use of Majesco solutions today and for the future. Read more.

Novinsoft Launches New Illustrator Applications
Novinsoft is pleased to announce it is rolling out a new class of illustrator applications. All-new Novinsoft Illustrator applications are now available as a web-delivered application running in the local browser. One single application for all target platforms; run locally in a disconnected state, on any device. Read more.

How To Quickly Improve Digital And Self-Service Effectiveness: Gartner
During times of crisis, such as COVID-19, there are 10 digital and self-service tactics customer service and support leaders can implement to quickly lower operating costs, improve effectiveness and reduce contact volume and expenses, according to Gartner, Inc. Read more.

Apollo, Berkley To Host Tech E&O Webinar
Apollo Insurance Solutions Ltd., Canada's largest online insurance marketplace, has partnered with Berkley Canada to host a free educational webinar for brokers on the topic of Technology Errors & Omissions. The webinar will take place on Tuesday, July 21, and offers one hour of CE accreditation for BC, Alberta, and Ontario. Read more.

Will Autonomous Vehicles Gain Momentum After Pandemic?
Less hype, but more progress, is the key finding of this years' KPMG Autonomous Vehicles Readiness Index, as authorities have focused on the regulatory and societal acceptance enablers of the technology. Now, the COVID-19 pandemic and shifting user and environmental requirements for transportation could accelerate the next round of AV development and deployment around the globe. Read more.

Reinsurers Looking Beyond Legacy Systems to Manage Cession
While many (re)insurers still use some combination of spreadsheets and legacy systems to manage reinsurance business, there are other options available for those who want to invest in a more efficient, automated process. The latest Novarica Market Navigator report provides an overview of the solution provider marketplace for reinsurance management solutions currently available to US insurers, with profiles of 12 vendor solutions. Read more.

Swyfft Partners With Bees360 To Process Wind & Hail Claims Using Drones, A.I.
Swyfft, the InsurTech providing fast and friendly homeowners insurance through their patented analytical methods and unique data sources, is pleased to announce it has leveraged Bees360's claims assist solution for handling wind & hail claims. Swyfft's utilization of Bees360 combines drones, AI, autonomous flight apps and licensed desk adjusters to create a faster and more efficient way to inspect and process wind & hail claims. Read more.

CoreLogic Secures Launch Clients For Next-Generation Integrated Insurance Solution
CoreLogic®, a leading global property data and analytics-driven solutions provider, is pleased to announce the deployment of its first fully integrated insurance solution that provides a one-stop-shop for insurance companies looking for a more seamless way to engage and protect policyholders and portfolios. Read more.

CNA Transitions To AIR Worldwide Platform
Catastrophe modeling firm AIR Worldwide, a Verisk business, is pleased to announce that CNA has transitioned to AIR's Touchstone solution as its primary catastrophe risk modeling platform. Read more.

IMS Expands European Presence With UBI Launch
IMS (Insurance & Mobility Solutions) is pleased to announce that it is providing the telematics technology solution behind the new usage-based insurance (UBI) program launched by the car insurance brand of Germany's leading motoring organization, ADAC. Read more.

New Gore Mutual CEO Its Former CFO
After being announced as Gore Mutual Insurance Company's next Chief Executive Officer in early March, Andy Taylor officially started his new role leading the company at the beginning of July. Taylor has been with Gore Mutual for 15 years and was previously the organization's Chief Financial Officer. Read more.

HomeEgg Launches Free U.S. Digital Home Tool
TowerHouse, Inc., a leader in digital solutions for homeowners, has launched a fully integrated home management platform, HomeEgg, the only free, all-in-one solution that helps homeowners effectively manage their home. For the first time, homeowners can quickly gain comprehensive financial visibility and control over their home in a private and secure online environment. Read more.

Distracted Driving: Still Against The Law
The focus of the June Traffic Safety Spotlight was distracted driving, which is a leading contributor to collisions and people getting hurt and killed on the road. Read more.


The Intersection: Insurance-Canada.ca Blog

What's going through the Intersection
of insurance and technology?

Digital Communications in Insurance: Managing the Expanding Options
By Mark Breading, Strategy Meets Action
Most P&C insurers have gradually expanded their options for digitally communicating with prospects, policyholders, producers, and employees. As the industry evolves beyond web portals and email, there is a growing recognition that a whole new world of digital communications options can be applied in insurance. Messaging and collaboration platforms, business texting, chatbots, voice, personalized interactive video, and even augmented & virtual reality are now on the palette. Adding these communication options often improves the customer experience while reducing expenses! Technology options and solution providers are plentiful, but the big question for insurers is how to leverage the right mix of these across the enterprise. Read more.


InsurTech Spotlight

The InsurTech Spotlight features insurance practitioners and InsurTech(nology) providers which are – or are becoming – InsurTechs. In the spotlight this week are:

Messagepoint
Our award-winning Customer Communications Management (CCM) platform gives non-technical business users such as marketers, CX teams and product owners intelligent control over the complex content in customer communications to achieve unparalleled speed, efficiency in operations while also improving the customer experience through advanced personalization, content optimization and content re-use capabilities. Learn more.

Calling all InsurTechs! Click here to participate.


Place Your Ad Here!


Insurance-Canada.ca “Technology In Action” Series
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Insurance-Canada.ca can assist you create, promote and execute a webinar geared toward your insurance practitioner customers – insurers, MGAs, Brokers, and/or services suppliers.

Contact [email protected] to get started.



From Doug

COVID-19 And A Haircut

After months of lockdown, my wife and I both felt we needed a haircut. Being seniors in Toronto, there are obviously tradeoffs to consider.

My wife allowed me do play hairdresser, and she was satisfied with the results – not too many people will see them anyway. I held off.

To my surprise, I discovered that my barber shop was open. The two barbers are both seniors – what are they thinking?

I arrived with my mask on. It came off for the appointment, but the barber wore his mask for the duration.

Now I feel lighter and cooler up top.

My current barber is the third I have used in the same shop in an out-of-the-way corner of Toronto's PATH system – an underground network beneath the city's central business district. I have been a customer for more than 30 years. They don't get much impromptu walk-in traffic; repeat customers and referrals are their lifeblood.

I neglected to ask about their experience of the pandemic in terms of its financial impact on their small business. I do hope they can ride it out successfully.

Doug Grant, CIP
Partner
Insurance-Canada.ca

Doug Grant

The Chronicle weekly newsletter features news, events, and general information relating to technology and innovation in the Canadian insurance industry and marketplace. Subscribe here or view past issues.

If you would like to recommend an item for inclusion – with a focus on technology in insurance relevant to the Canadian Property & Casualty insurance industry – please contact [email protected].

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