INSURANCE INDUSTRY NEWS
Declining Biodiversity Creates Global Risk Of Ecosystem Collapse: Swiss Re Institute
Countries across the world are reliant on a range of services that are based around their natural ecosystems (including necessities such as food, water and air), and more than half of global GDP is dependent on high-functioning biodiversity and ecosystem services. But a staggering one-fifth of countries globally are at risk of ecosystem collapse – including both developing and advanced economies – due to a decline in biodiversity and related beneficial services, reveals a new study by Swiss Re Institute based on its new Biodiversity and Ecosystem Services Index.
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MarTech Suites Can Help Insurers: Novarica
Insurers looking to expand their MarTech stack need to assess the cost, maturity, and redundancy of tools they have already implemented, while developing a roadmap for their replacement or integration. In a new report, Novarica profiles seven holistic suites on the market and describes the main components of their ecosystems, how they interact, their development or acquisition history, and how well they address some specific challenges faced by insurers.
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CSA Wins Out-of-Country Coverage Reinstatement
The Canadian Snowbird Association has welcomed an Ontario court's unanimous decision to strike down part of a regulation which terminated OHIP's Out-of-Country Travellers Program. The court's ruling reinstates this coverage for travelling Ontarians.
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RPA Software Revenue To Reach Nearly $2B
Global robotic process automation (RPA) software revenue is projected to reach USD 1.89 billion in 2021, an increase of 19.5% from 2020, according to the latest forecast from Gartner, Inc. Despite economic pressures caused by the COVID-19 pandemic, the RPA market is still expected to grow at double-digit rates through 2024.
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Roadmap To Business Resilience: Ecclesiastical
Ecclesiastical has launched a planning framework to help organizations develop a strategic risk-based approach to manage their operations and ensure they are able to cope in the COVID-19 environment.
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Trillium Mutual Selects Guidewire For Innovation
Trillium Mutual Insurance Company and Guidewire Software Inc. are pleased to announce that Trillium Mutual has selected Guidewire to enable digital transformation, deliver service excellence, and accelerate product launches.
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Comprehensive Disaster Recovery Report: AXA XL
AXA XL, in collaboration with the Centre for Risk Studies at Cambridge Judge Business School, has released a comprehensive report demonstrating the impact that (re)insurance has on the speed and quality of recovery following natural disasters.
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CSIO Announces Digital Broker Certification
CSIO is pleased to congratulate the first cohort of CSIO Digital Brokers. The new Digital Broker certification recognizes brokers who have completed six eLearning courses to update their digital skills.
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Keal Rebrands To Vertafore Canada
Keal™ Technology, the Canadian subsidiary of North American InsurTech leader Vertafore, is pleased to announce that it is rebranding to Vertafore Canada, reinforcing its commitment to industry-leading technology for Canadian insurance brokers.
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Traffic Safety Spotlight On Distracted Driving
This October, whether you're driving to your favourite pumpkin patch, heading out to pick up a Thanksgiving turkey, or just taking a drive to see the changing leaves, make sure your focus is on the road. Driver distraction or inattention all too often has a human cost.
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Christian Dufour Joins Koïos Intelligence
Koïos Intelligence, a developer of artificial intelligence tools designed specifically for the finance and insurance industries, is pleased to announce the addition of Christian Dufour as Acting Senior Vice-President of Strategic Partnerships.
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