INSURANCE INDUSTRY NEWS
More Risks On More Fronts For Financial Institutions
With economies contracting and unemployment rising, credit risk has moved to the top of the risk management agenda, according to Deloitte's biennial survey on the state of risk management in the financial services industry globally.
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Slice Launches Automated Claims Settlement
Slice Labs Inc., a technology startup with the first on-demand insurance platform, is pleased to announce it has launched an automated claims settlement feature providing an end-to-end digitization of the customer claims journey.
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Apollo Exchange Adds Private Company D&O
Apollo Insurance Solutions Ltd., Canada's leading online insurance provider, has partnered with Berkley Canada to offer Private Company D&O to brokers and their clients, available for purchase digitally through the Apollo Exchange.
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Coalition Adds Free Retention To Cyber Policy
Coalition is now offering a $0 retention as part of its policy for insureds that use Coalition's in-house Incident Response services. For small to midsize businesses facing a cyber claim, this provides immediate access to the dedicated Incident Response team with no out-of-pocket retention expense for security and forensics services.
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Applied Releases Premium Rate Index Findings
Applied Systems® is pleased to announce the fourth quarter and year-end 2020 results of the Applied Rating Index™, the Canadian insurance industry's premium rate index.
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Reinsurers Prioritizing Data & Analytics Investments To Counter Emerging Risks
As the reinsurance market continues to operate through an erratic business cycle following a prolonged soft market, reinsurers are focusing on technology strategies that include critical investments in business intelligence and modeling. In a new report, Novarica provides an overview of reinsurers’ business and technology issues.
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Rethinking Life Insurance Underwriting
The pandemic has expedited the process of digitization and alternative underwriting. New types of data, risk scores, and automation make available new opportunities to rethink the underwriting process while protecting mortality and managing costs. A new Aite Group report, examines the latest developments in life insurance underwriting.
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Market Update: CCM Hosted Managed Services
Madison Advisors is pleased to announce the release of a new research study, the third edition of its “Customer Communications Management Hosted Managed Services Market Update.”
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Wawanesa Selects Guidewire Cloud For Growth
The Wawanesa Mutual Insurance Company and Guidewire Software Inc. are pleased to announce that Wawanesa has chosen Guidewire Cloud to power its growing digital operations, including its core underwriting, claims, and billing management.
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Navacord Continues Strategic Benefits Expansion
Navacord Corp., a leader in group insurance and risk management solutions, is pleased to announce the addition of Penmore Benefits Inc., effective February 1st.
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Hub Acquires Galon Insurance Brokers
Hub International Limited, aleading full-service global insurance broker, is pleased to announce that it has acquired John Galon Insurance Services Ltd. and Galon Management Ltd. (Galon Insurance Brokers). Terms of the transaction were not disclosed.
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On Side Restoration Expands Into Manitoba
On Side Restoration Ltd. is pleased to announce that it has completed the acquisition of 204 Restoration Services Ltd., which extends the company's footprint into the Manitoba market for the first time and gives the 40-year-old company its 40th branch.
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Westland Insurance Acquires Folgizan Insurance
Westland Insurance Group Ltd. is pleased to announce the closing of a new acquisition, Folgizan Insurance, effective February 1st. Westland's new retail office, located in Moose Jaw, supports the company's expansion strategy to serve more communities in Saskatchewan and across Canada.
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Quadient Updates Cloud-Based Impress Platform
Quadient is pleased to announce the general availability of Quadient® Impress version 1.2, an upgrade of the multichannel outbound document management platform that automates the customer communication workflow for small and medium businesses. The new version includes architecture upgrades throughout the cloud-based platform to speed the task of preparing and sending customer communications with greater scalability and enhanced security.
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Apollo Welcomes Christopher Aloussis
Apollo Insurance Solutions Ltd. is pleased to announce that Christopher Aloussis has joined the Apollo team as Broker Success Manager. His background as an insurance broker will add invaluable experience to Apollo's Broker Success Team
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So You’ve Been Charged With Impaired Driving
You drove impaired. You didn't crash your car, no one was hurt or killed, but you got caught. Now what?
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Protect Your Place Of Worship: Ecclesiastical Insurance
With many churches standing idle as a result of the ongoing restrictions on gatherings due to the pandemic, the threat of arson remains, and places of worship are encouraged to remain watchful.
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