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

AUGUST 17, 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

Consortium Members Successfully Exchange FNOL Via Blockchain Application
The Institutes RiskStream Collaborative™, the risk management and insurance industry's largest enterprise-level blockchain consortium, is pleased to announce the successful testing of the first notice of loss data-sharing application by eight consortium members. The testing verified the real-time, accurate, and secure exchange of loss data on the RiskStream Canopy 3.0 blockchain network. Read more.

Relay Platform Adds Cowbell Cyber
Relay Platform, an innovative provider of solutions which enable the digital transformation of commercial insurance and reinsurance submissions, is pleased to welcome Cowbell Cyber to their fast-growing suite of carriers, MGAs and reinsurers offering instant quotes through Relay. With Cowbell's Prime 100 cyber insurance program available on the Relay Platform, agents and brokers can now offer instant quotes and best serve all clients for cyber coverage. Read more.

Apollo Partners With Rates.ca To Offer Access To Embedded Digital Insurance
APOLLO Insurance Solutions Ltd., Canada's leading online insurance provider, has partnered with RATESDOTCA to offer immediate digital insurance products, specifically tailored to the millions of Canadians that use their website each year. Read more.

Deloitte Canada Acquires Dataperformers Company
Deloitte Canada is pleased to announce it is acquiring early-stage engineering and applied artificial intelligence company, Dataperformers Company Inc., to increase its capabilities in AI and machine learning, particularly in computer vision and ML operations. Read more.

InsurTech Openly Selects Majesco Billing For P&C
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, is pleased to announce that Openly, a technology-enabled premium home insurance provider focused on independent agents, selected Majesco Billing for P&C on Majesco CloudInsurer® as a core component to their cutting-edge technology to provide increased flexibility, greater service and modern insurance experience to its customers. Read more.

Surex, Filogix Partner To Integrate Insurance Quotes Into Mortgage Application Process
Surex, Canada's fastest-growing online Insurance Marketplace™, and Filogix, a Finastra company, have partnered to enable mortgage brokers to initiate a home insurance quote alongside any mortgage application with a single click. The integration of Surex with Filogix Expert will allow mortgage brokers to easily request home insurance quotes for customers with a simple click of a button. Read more.

Driver Sentiments On ADAS Features: CCC
CCC Intelligent Solutions Inc., a leading SaaS platform digitizing the multi-trillion-dollar P&C insurance economy, announces the release of its 2021 Crash Course Midyear Report. This edition of Crash Course examines how permanent changes to consumer expectations and the desire for personalized experiences continue to accelerate the deployment of AI, IoT, and mobile technology in the auto claim and repair process. The report also explores changing driving behavior and features research on consumer attitudes towards Advanced Driver Assistance Systems (ADAS) technology in newer vehicles. Read more.

Verisk’s New API Integrates Detailed Weather Analytics
Insurance claims and underwriting teams can now access detailed hail, wind, lightning and hurricane wind analytics directly within their internal claims and policy systems with a new application programming interface (API) for Benchmark®, Verisk's weather analysis solution. Read more.

Crawford Technologies Identified As A Leader In Document Accessibility
Crawford Technologies, provider of innovative document solutions that streamline, improve and manage customer communications, is pleased to announce a new white paper which covers best practices for implementing an accessibility initiative and evaluates the full capabilities of Crawford Technologies' AccessibilityNow® platform, technology that leverages artificial intelligence and automation to make automating accessible static and transactional documents possible. Read more.

Furkin Pet Insurance Launches In Canada
Furkin coverage offers flexibility, with one large annual benefit and three different annual deductibles, so owners can choose the monthly premium that best fits their budget. Offering one simple plan with clear, easy-to-understand coverage, Furkin Pet Insurance is designed to help pet owners, their finances and their pets ‘ebounce back’ when accidents or illnesses arise. Read more.

Consumers Expect Companies To Solve Sustainability Issues
The EY Future Consumer Index Survey finds sustainability is quickly climbing to the top of consumers' priorities, at a time when Canadians are also re-evaluating other areas of their lives, including affordability. More than half of consumers plan to pay more attention to the environmental impact of what they consume, but nearly two-thirds intend to focus more on value for money – creating tension over who should pay for sustainability. Read more.

IVANS To Acquire Ask Kodiak
IVANS is pleased to announce that it has acquired Ask Kodiak, a pioneering InsurTech offering commercial lines market appetite and search capabilities for the independent agency channel. This acquisition will further enhance IVANS' robust commercial lines connectivity solutions, specifically IVANS Distribution Platform, to create a more valuable and digital distribution experience at each stage of the insurance lifecycle for the benefit of all stakeholders. Read more.

Tips For Drivers Encountering Farm Machinery During Harvest
This year’s harvest has begun and drivers in Prairie and rural regions can expect to encounter farm equipment on highways and roads as farmers move their equipment between fields. In the past five years, collisions involving farm equipment on Saskatchewan roads have resulted in 44 injuries and eight deaths. Read more.


The Intersection: Insurance-Canada.ca Blog

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

The Pulse Quickens for Commercial Lines Tech: A Post-Pandemic View
By Mark Breading, Strategy Meets Action
SMA has conducted a series of market pulse polls throughout the pandemic, and our latest survey is aimed at assessing how plans are changing and being reshaped as commercial lines insurers move forward with plans for the second half of 2021 and formulate plans for early 2022. Whether we are moving toward a post-pandemic era in the U.S. is debatable, but what seems clear from the plans of commercial lines insurers is that tech-related plans are moving ahead full steam. Read more.


Insurance-Canada.ca
How To Bring The Human Connection
To Digital Insurance

Webinar with OneSpan — August 17

Everything may have been done through Zoom during pandemic lockdowns, but despite a surge in all things digital, customers still value the human connection. That's why a human-digital hybrid model is an important combination for replicating the in-person experience.

OneSpan's VP Marketing Mary Ellen Power and Senior Solutions Architect Patrick Albert will share examples of how Canadian insurers can bring the human connection to digital insurance processes.

Register now, or learn more.


InsurTech Spotlight

In the InsurTech Spotlight this week:

Segic
Segic's mission consists of helping organizations use a comprehensive set of technology and services that support every aspect of their benefit programs, from plan design to employee engagement. The platform's cloud-based design and accessibility as Software as a Service (SaaS) make it the perfect solution you can take full advantage of through savings in terms of the costs and effort usually associated with IT infrastructure and software development. In addition, Segic updates, optimizes and improves its platform monthly to keep up with its clients' innovative needs. Learn more.

Calling all InsurTechs! Click here to participate.


Insurance Works

Featured job opportunities:

Intermediate Underwriter
SGI
Regina, SK

Commercial Lines Account Manager, Aviation
HUB International Ontario Ltd.
Oakville / Toronto, ON


From Doug

Early in my career with a technology vendor, I always kept watch for potential innovations. Initially, the focus was in the computer room, with new, bigger, faster storage devices, etc.

The next wave was a transition from centralized data entry to online in the business departments. New technology enabled that move, but the business innovation was online inquiry – faster, better, less paper.

Innovation in communications technologies expanded the reach of applications beyond the business to brokers, other partners, and eventually to end customers, resulting in the connected world we have today.

Innovation across that whole spectrum continues with improvements in underlying technologies, in processes, and in the user interface – all making the customer (and employee) experience better.

The InsurTech influence has triggered faster innovation, and a broader reach – as evidenced in the InsurTech Spotlight. Think about the new products, marketplaces, embedded insurance, on-demand, etc.

Today's webinar with OneSpan, “How to Bring the Human Connection to Digital Insurance,” illustrates the ongoing improvements – one example being this marriage of digital signatures and virtual meeting technologies.

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