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INSURANCE INDUSTRY NEWS
Applied Systems And Google Partner To Enhance Cloud Technologies
Applied Systems® has expanded its partnership with Google to adopt additional Google Cloud technologies as part of its product portfolio transformation. Following an investment by CapitalG, Alphabet's independent growth fund, this new partnership with Google Cloud will enable agencies and brokerages to leverage technologies including open API technology and A.I. to drive architecture accessibility, speed to market and simpler user experiences.
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Relay Launches I5 Digital Quoting Solution
Relay Platform, an innovative provider of solutions which enable the digital transformation of commercial insurance submissions, is pleased to announce the launch of a new broker-carrier API solution, I5, which rapidly creates client quotes and proposals.
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Foxquilt First In Canada To Launch All-Online Small Business Insurance
Foxquilt, a leading insurance technology company focused on empowering small businesses and B2B networks to save on small business insurance, is pleased to announce it has launched its online insurance platform, Foxden, which allows business owners in specific industries to receive a business insurance quote, purchase and obtain their insurance policy all online and in minutes.
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IMS Launches Vehicle Data Exchange
IMS, one of the world's top three providers of connected car data solutions to insurers, mobility operators and governments, is pleased to announce the launch of the IMS Vehicle Data Exchange, a new service which provides live, real-time access to vehicle insights and mobility data from OEM-embedded hardware and any aftermarket device, including the only one-stop solution for all aftermarket connectivity options.
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Westwood Insurance Agency Implements Relativity6 AI platform
Relativity6 is pleased to announce that Westwood Insurance Agency, a ‘top 30’ independent property/casualty agency, has implemented Relativity6's artificial intelligence platform to help cross sell current customers within their existing book of business.
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Trufla Launches SEO-focused Data Module
Trufla Technology is pleased to announce it has released a new feature on its truWeb platform, enabling users to display updated insurance rating data live on their site. This feature attracts search engines' emphasis on structured data, frequent updates, and relevant information such as price. The aggregated and anonymized data platform allows the user to pull price rating in any city, province, or territory.
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BrokerLink Grows With Six Acquisitions
BrokerLink is pleased to announce it has acquired Ontario-based Rivet Insurance; John F. Smith Insurance; All City Insurance; Air-Alta Insurance, and Centre Street Insurance, effective December 1, 2020. The Canadian company also welcomes Gougeon Insurance Brokers, effective February 1, 2021. Terms of these transactions were not disclosed.
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Progress Insurance Joins CMB Insurance Brokers
CMB Insurance Brokers and Progress Insurance have partnered to better serve clients with technology driven insurance solutions and superior customer service. Insurance clients can expect to benefit from the mutually beneficial partnership, that sees the firms benefiting from each other to offer technology driven insurance solutions and adopting sophisticated marketing, sales and customer service expertise.
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Doug Paul Joins Finaeo As Strategic Advisor
Finaeo is pleased to announce that industry veteran Doug Paul is joining Finaeo as a strategic advisor. He will be supporting in areas such as market expansion and strategic partnerships in Canada.
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Opta Expands Innovations with Launch of a New Digital Target Marketing Solution
Opta Information Intelligence, Canada's largest property location intelligence provider, announces the launch of its innovative digital target marketing solution, Opta Digital Edge – the first of its kind for the Insurance Industry in Canada.
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Briza Closes USD 8MM Series A Funding Round
Briza, the commercial insurance-as-a-service API, has announced the closing of a USD $8MM Series A round of funding to dramatically increase the supply of insurance markets available to insurance retailers, wholesalers, and developers through its platform.
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AMS Platform Marketplace Consolidating
Agency management systems (AMS) have evolved to become either the day-to-day workbenches for agents or one component in larger suites of agency-facing software solutions. In a new report, Novarica describes some of the important trends, and the implications for insurer, along with profiles of leading AMS vendors and software suites.
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Health, Social Care To Benefit The Most From 5G Productivity And Efficiency Gains
Productivity and efficiency gains enabled by next-generation 5G mobile connectivity will drive business, skills and service change worth more than USD 1 trillion to global GDP by 2030. For the first time, PwC has quantified the economic impact of new and existing uses of 5G in utilities, health and social care, consumer, media, and financial services across eight economies with advanced rollout.
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