INSURANCE INDUSTRY NEWS
Apollo, LowestRates.ca Partner To Offer Access To Embedded Digital Insurance Via API
Apollo Insurance, Canada's leading online insurance provider, has partnered with LowestRates.ca, Canada's leading financial rate comparison site, to offer immediate access to digital insurance products that are specifically tailored to the millions of consumers who visit their website through an API integration.
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IMS Announces Try Per Mile
IMS, the leading global vehicle and driving data business, is pleased to announce the availability of Try Per Mile, a highly-configurable, mileage-based telematics product that enables insurers and brokers to internally trial a usage-based insurance (UBI) program that can then be deployed to policyholders in as little as one month.
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Consumer Trends Around Identity Theft
While insurers are playing catch-up to other industries in building a frictionless and secure digital experience, they face many challenges when it comes to the rising threat of identity theft. The stakes for insurers have never been higher in leveraging tools that add to a great user experience while protecting the digital identities of their customers and their bottom lines.
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Commercial Lines Working Group Hits Milestone
CSIO is pleased to announce the Commercial Lines (CL) Working Group has reached another milestone by defining the requirements to underwrite and rate multi-operations small business. Allowing brokers to submit multi-operations quote requests helps support workflow efficiencies between brokers and insurers, by improving the speed of information exchange, and strengthens the value proposition of the broker channel.
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SNAP Updates Customer Experience Platform
SNAP Premium Finance has announced updates to its innovative Customer Portal to let insureds self-manage and update important account information in real-time. SNAP Premium Finance gives time back to the Broker by allowing insureds to directly log in to SNAP's Customer Portal, with no support needed from the Broker.
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Auto Satisfaction Stalls Despite Premium Relief
The auto insurance industry voluntarily returned more than USD 18 billion in auto insurance premiums to customers in 2020 to address the sharp decline in miles driven during the pandemic. Despite the magnitude of this historic relief effort, J.D. Power's 2021 U.S. Auto Insurance Study finds that overall customer satisfaction with auto insurers is flat, following four consecutive years of improvement.
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Clyde & Co Expands Into Vancouver
Global law firm Clyde & Co has announced plans to open an office in Vancouver, following the agreement of a merger with local firm SHK Law Corporation, effective July 1, 2021.
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Westland Insurance Launches Brand & Initiative
Westland Insurance has continued a longstanding tradition of commitment to the people and communities it is proud to serve by making CAD 1 Million available in 2021 to support community projects and initiatives across the country where the brokerage company has a presence.
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