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Zurich Rolls Out Global Business Platforms Unit
Zurich Insurance Group is ramping up the transformation of its global business to meet the rapidly changing needs of consumers, launching a new unit to expand digital services worldwide and create a more intimate connection with its customers and partners. Read more.

ProNavigator Raises Funds To Extend AI Platform
ProNavigator, an InsurTech company that helps leading carriers and brokerages overcome information barriers, is pleased to announce that it has closed a CAD $5.6M financing round, co-led by Luge Capital, GreenSky Capital and MaRS IAF, who were joined by iNovia Capital, BDC, and CIBC Innovation Banking. The new capital will be used to hire key resources to power expanded operations in the U.S. and Canada, and to extend ProNavigator's product line. Read more.

InsurTech Startup Market Continues To Grow
With time horizons shortened to reflect uncertainty about the future, insurance carriers investing in or partnering with InsurTech startups appear to be focusing on tactical initiatives that can produce more immediate results than some of the more speculative R&D efforts more common in the pre-pandemic era. In its fourth annual report, Novarica outlines the InsurTech landscape for insurers, focusing on two key questions: Does this matter to my company? And what can we learn from it? Read more.

IoT Connected Devices in the Home: Aite Group
The use of connected IoT devices in the home is growing as more consumers discover the benefits of voice commands, smart appliances, and monitoring systems. Aite Group's latest report identifies trends and strategies to help insurers tackle integrating smart home data into their value chain to help mitigate claim expanses, create more accurate rating systems, and increase customer engagement opportunities. Read more.

Westland Acquires Four New Brokerage Firms
Westland Insurance Group Ltd. is pleased to announce the closing of four acquisitions, effective August 31, 2020. The new retail offices, which are located in British Columbia, Alberta and Manitoba, support Westland’s expansion strategy to serve more communities across the country. Read more.

Hub Acquires Elevate Insurance Brokers
Hub International Limited, a leading global insurance brokerage, is pleased to announce that it has acquired Elevate Insurance Brokers, an Alberta-based independent insurance agency that provides property & casualty products including home, auto, recreational vehicle and business insurance. Terms of the transaction were not disclosed. Read more.

Rogers Ins. Acquires Interest In McLean & Shaw
Edmonton-based McLean & Shaw Insurance Inc. and Calgary-based Rogers Insurance Ltd. are pleased to announce a partnership between the two firms. Rogers has acquired a significant minority interest in McLean & Shaw; the President and Managing Partner of McLean & Shaw will become shareholders in Rogers Insurance Ltd. Read more.

Canada Life Launches New RESP Employee Benefit
The back-to-school season may look a little different this year thanks to COVID-19, but some things never change, like the need to save for children's post-secondary education. Employers can show their support for working parents during this difficult time with Canada Life's new self-directed registered education savings plan (RESP) employee benefit. Read more.

CADN Launches Websites For Lawyers, Carriers
The Canadian Academy of Distinguished Neutrals, a new national association of mediators and arbitrators distinguished by their experience in civil and commercial conflict resolution, is pleased to announce the launch of a national database which gives litigators and support staff access to a free roster of experienced ADR professionals, charging no referral or administration fees. Read more.

“Insurance Is A Beautiful Thing”: FRISS
FRISS, the leading provider of AI-powered fraud and risk solutions for P&C insurance companies, known for its creative approach toward the insurance industry, launched an international campaign to regain a feeling of pride in the insurance industry. “Because insurance is anything but boring,” says FRISS. Read more.

The Intersection: Blog

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

Five Uses Of A.I. In Commercial Underwriting
By Charles Dugas, Element AI
Underwriting is all about data. Since its inception, people in the insurance profession have been evaluating data on risk, value, and other factors in order to make their decisions. Today's underwriters have more variables to contend with, more submissions, more competition, and more data of all kinds to deal with than ever before. That's why more and more insurance firms are deploying artificial intelligence in commercial underwriting. Read more.

InsurTech Spotlight

In the InsurTech Spotlight this week:

Optimity is a digital engagement and acquisition solution for life insurance companies. We provide a health rewards program to policyholders that incentivizes them to improve their daily health routine. We have the largest set of consumer wellness data, which allows carriers to make targeted offers to qualified individuals. Learn more.

Calling all InsurTechs! Click here to participate.

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Webinars are a great way to promote a product or service to an audience. 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.

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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