Insurance-Canada.ca "Chronicle" weekly newsletter
Insurance-Canada.ca - Where insurance and technology meet

JULY 27, 2021

Connect with us:  Insurance-Canada.ca Home Insurance-Canada.ca Blog - The Intersection Insurance-Canada.ca on LinkedIn Insurance-Canada.ca on Twitter

INSURANCE INDUSTRY NEWS

Leading Insurers, Reinsurers Establish Net-Zero Insurance Alliance
Eight of the world's leading insurers and reinsurers have made a historic commitment to play their part in accelerating the transition to a net-zero emissions economy. The companies have established the Net-Zero Insurance Alliance (NZIA) and have committed to transition their insurance and reinsurance underwriting portfolios to net-zero emissions by 2050. The founding members of the NZIA are AXA, Allianz, Aviva, Generali, Munich Re, SCOR, Swiss Re and Zurich Insurance Group.
Read more.

DXC, Relay Collaborate To Boost Close Rates
Relay Platform is pleased to announce it has signed a provider and distribution agreement with DXC Technology to seamlessly connect brokers with capacity providers for automatic risk rating, accelerating the quotation process and removing frictional costs. Leveraging its insurance expertise and capabilities across the Enterprise Technology Stack, DXC will integrate Relay's innovative and intuitive electronic placement portal with its global broking platforms, including its next generation offering, DXC Assure for Broking.
Read more.

Gore Mutual Deploys Full InsuranceSuite
Gore Mutual Insurance Company and Guidewire Software Inc. are pleased to announce that Gore Mutual has successfully deployed Guidewire InsuranceSuite in Guidewire Cloud as its new operating model for Ontario personal lines automobile and Individually Rated Commercial Auto (IRCA) insurance. The mutual insurer is the first insurer in Canada to launch InsuranceSuite in Guidewire Cloud to implement full-service capabilities across its three core business operations – policy, billing, and claims – at the same time. Guidewire PartnerConnect Consulting member Deloitte supported the implementation project.
Read more.

SMEs Eager To Do Business Digitally, But Face Risks & Uncertainty In Current Environment: Chubb
Chubb's Digital Business Accelerated report explores how small and mid-sized businesses are approaching an evolving, digital-first marketplace – a transformation made all the more critical by COVID-19.
Read more.

TD Insurance Private Client Advice Protects Lifestyle & Legacy
The new TD Insurance Private Client Advice is Canada's first comprehensive direct-to-consumer insurance service designed to better protect affluent Canadians and their families with a sophisticated insurance advisor experience.
Read more.

The Restoration Network Adds Eclipse
The Restoration Network is thrilled to welcome our new member Eclipse Restoration Ltd. With full-service offices located in Edmonton and Whitecourt, Alberta, Eclipse Restoration Ltd. joins our team with extensive background, expertise and experience in restoration.
Read more.

Disaster Rx DKI Joins DKI Canada
DKI Canada is pleased to announce the addition of Disaster Rx DKI to the DKI Canada family. Formerly a location of Al-Care DKI Mississauga, Disaster Rx DKI is owned and operated by Rex Alarcon.
Read more.


UPCOMING WEBINARS

Technology Enables, But People Innovate
Canadian perspectives on global insurance and InsurTech trends, featuring Caribou Honig, Chairman & Co-Founder, InsureTech Connect, and Danish Yusuf, Founder & CEO, Zensurance.
Tuesday, August 10, 11:30am (ET)
Learn more or register
Part of the World Insurance Forum virtual series

How To Bring The Human Connection To Digital Insurance In Canada
Mary Ellen Power and Patrick Albert from OneSpan will discuss why a human-digital hybrid model is an important combination for replicating the in-person experience, and share examples of how Canadian insurers can bring the human connection to digital insurance processes.
Tuesday, August 17, 2021, 2:00pm (ET)
Learn more or register
Part of our Technology In Action webinar series


The Intersection: Insurance-Canada.ca Blog

What's going through the Intersection
of insurance and technology?

Recent Trends in Life Insurance
By Karan Jain, CEO & Founder, Life Simpli
While the COVID-19 pandemic has caused a rapid shift in consumer needs, habits, and expectations, it also has been a much-required digital catalyst for the insurance industry. Indeed, the industry adopted digitization much earlier, yet it took a global pandemic for insurance providers and customers to truly warm up to the concept of purchasing insurance online Read more.


Canadian Broker Network

CBN members are independent. Some say fiercely independent.

Through CBN guiding principles of innovation, collaboration, and commitment to growth, our members leverage the tremendous value of independence into best possible value propositions for clients, employees and insurer partners.


InsurTech Spotlight

In the InsurTech Spotlight this week:

XRM Vision
XRM Vision is a leading provider of Microsoft Customer Relationship Management (CRM) solutions and insurance software products. We teamed up with brokers to develop a platform that truly addressed their needs; we are proud to say that TANDEM is the only fully integrated, scalable, cloud-based system for group insurance brokers in Canada. Learn more.

Calling all InsurTechs! Click here to participate.


Insurance Works

Featured job opportunities:

Sales Assistant
HUB Financial
Montreal, QC

Corporate Underwriting Analyst
SGI
Regina, SK


From Doug

(Technology) Trends in Insurance

We have seen a ton of new and enhanced technologies in the last decade – and the pace of new introductions and upgrades isn't slowing.

Insurance innovators are having a field day taking advantage of the latest.

Some – like APIs – are being rolled out now.

Within the industry, they are helping to improve processes, i.e. make them more efficient and potentially more effective, while at the same time helping to improve the customer experience.

Looking ahead to ecosystems and embedded insurance, where insurance is part of another industry's product, or the other product is “part of” an enhanced insurance product, APIs are essential to success.

One immediate concern this summer is the insurance office environment as we plan for the post-pandemic. Will work remain “from home” (or anywhere), return to the office, or function in some hybrid manner?

Explore the trends shaping insurance now on Tuesday, August 10, in Technology Enables, But People Innovate – part of the World Insurance Forum virtual series.

Doug Grant, CIP
Partner
Insurance-Canada.ca

Doug Grant

The Chronicle weekly newsletter features news, events, and general information relating to technology and innovation in the Canadian insurance industry and marketplace. Subscribe here or view past issues.

If you would like to recommend an item for inclusion – with a focus on technology in insurance relevant to the Canadian Property & Casualty insurance industry – please contact [email protected].

insurance-canada.ca

Connect with us: Insurance-Canada.ca Home Insurance-Canada.ca Blog - The Intersection Insurance-Canada.ca on LinkedIn Insurance-Canada.ca on Twitter