INSURANCE INDUSTRY NEWS
COVID-19 Taking A Toll On Economy, Industry
Canada's property & casualty insurance industry has so far fared better than its life insurance counterpart amid the volatile economic and market dynamics created by the COVID-19 pandemic, according to a AM Best report.
Read more.
Aon's 2020 Canadian Insurance Market Report
Aon plc has released its 2020 Canadian Insurance Market Report, finding an acceleration of existing trends in the last year. This report is a representation of the depth of Aon's thought leadership and market expertise, powered by industry-leading data and analytics, and Aon's ability to drive success for clients.
Read more.
Onlia Partners With Setter Inc.
Onlia, provider of home and auto insurance, is the first in Canada to team up with Setter, a digital home safety checkup service. Through this venture, Onlia now provides virtual home safety check ups from Setter to its new and existing customers who bundle home and auto insurance.
Read more.
Zensurance Launches Broker Training Program
Zensurance, Canada's most advanced online commercial insurance platform, is rolling out a first-of-its-kind Commercial Broker Training Program. The five-week training program presents an opportunity for those with limited industry experience to receive the specialized training required to succeed in the commercial insurance space.
Read more.
Aviva Selects CoreLogic Digital Hub For Claims
CoreLogic®, a leading global property data and analytics-driven solutions provider, is pleased to announce that Aviva Canada has adopted CoreLogic's leading digital insurance hub.
Read more.
MIEC Selects OneShield SaaS Solution
OneShield Software is pleased to announce California-based MIEC – a leading Reciprocal Insurance Exchange for the U.S. Medical Profession – has chosen OneShield Market Solutions as the SaaS provider for its core technology platform for policy administration, billing, claims and reporting.
Read more.
Chubb Studio Simplifies Digital Partner Integration
Chubb is pleased to announce the launch of Chubb Studio, a new global platform that will simplify and streamline the distribution of the company's insurance products through its partners' digital channels around the world. The platform enables Chubb's partners to add digital insurance options to their own product and service offerings.
Read more.
KPMG, Majesco Enter Strategic Collaboration
Majesco and KPMG LLP are pleased to announce they are working together to accelerate insurance digital transformation using Majesco's Digital1st® Insurance platform. Combined with Majesco's industry leading CloudInsurer® core insurance platform, it provides insurers with an unparalled end-to-end capability enabling insurers to become more connected with their clients, agents and brokers.
Read more.
Almost Half Of Canadians Feel Less Financially Secure Due To COVID-19: Sun Life Survey
A recent Sun Life survey indicates that nearly half of all Canadians feel less financially secure since COVID-19 began. The survey also highlights the interconnectedness of health and finances, as nearly half of those who say their mental health has been affected by the pandemic identify financial stress as the main factor.
Read more.
Navacord Adds Dehoney Financial Group
Navacord Corp., one of Canada's top four commercial insurance brokerages and a leader in risk management services, expands its benefits business coast-to-coast with the addition of B.C.-based broker Dehoney Financial Group (DFG).
Read more.
Alberta Insured Catastrophe Total Nears $2B
Severe weather events have hit Alberta hard over the spring and summer months. Four events from April to August brought the insured damage total for natural catastrophes in the province to CAD 2 billion, based on surveys from to Catastrophe Indices and Quantification Inc.
Read more.
Amazon, John Hancock Collaborate On Wellness
Amazon and John Hancock, the US division of Manulife, have announced a partnership to provide tools and resources to help John Hancock life insurance customers improve their individual health. John Hancock is the first life insurer to integrate with Amazon Halo, as part of Amazon's latest venture into the health and wellness space.
Read more.
Front Crash Prevention Works For Trucks
Equipping large trucks with forward collision warning and automatic emergency braking systems could eliminate more than 40% of crashes in which a large truck rear-ends another vehicle, a new study from the Insurance Institute for Highway Safety suggests.
Read more.
Ecclesiastical Partners With Alzheimer Society
Ecclesiastical Insurance is delighted to launch a special two-year funding partnership with the Alzheimer Society. As part of the partnership, Ecclesiastical will provide funding for a variety of programs delivered by Alzheimer societies across the country.
Read more.
|