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INSURANCE INDUSTRY NEWS
The Top 5 Cyber Insurer Groups Worldwide
By the end of 2021, more than 180 insurance groups around the world were underwriting cyber risks with the top 100 of these taking over 98% of global GDPW, a new report by Insuramore has found.
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ClaimsPro Specialty Risk Division Partners With Integra Technical Services
ClaimsPro's Specialty Risk Division, Canada's largest loss adjusting firm, and Integra Technical Services, a leading specialty loss adjuster, have entered into a new strategic alliance partnership. The combined resource enhances ClaimsPro's global service offering to the Lloyds, international and domestic insurance, and reinsurance markets.
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Echelon Insurance Deploys Guidewire InsuranceSuite
Echelon Insurance is pleased to announce it has successfully deployed Guidewire's InsuranceSuite and DataHub as its new underwriting, policy administration, claims, billing, and enterprise-wide data management solution. Guidewire PartnerConnect Consulting members Cognizant and Infosys supported the implementation project.
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SCM Supporting Its Mobile & Hybrid Workforce With RingCentral
SCM Insurance Services, the parent company of Canada's largest independent claims management firm, is enabling its employees and clients to stay better connected and productive with RingCentral Inc., a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions making it easier for SCM's mobile and hybrid workforce to respond to clients and deliver outstanding customer service.
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Hub Launches Nonprofit Specialty Practice
Hub International Limited, a leading global insurance brokerage and financial services firm, is pleased to announce the launch of its Nonprofit Specialty practice. The formation of the practice formalizes HUB's capabilities in serving the unique risk management, insurance and human capital needs of associations, arts and cultural entities, foundations, public advocacy, religious and other charitable organizations.
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Solera Survey Reveals Surge in Trust and Adoption of AI-Driven Claims and Repairs
New global market research released by Solera, the global leader in vehicle lifecycle management, reveals the increasing demand for digital-first automated claims, with soaring trust in AI-driven claims and repairs. The annual survey also identifies rapid acceleration of AI adoption among global car insurers, enterprise body shops and OEM dealer networks to deliver on consumer expectations.
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Covering E-commerce Sellers On Amazon, Etsy
With any business, online or brick and mortar, there are significant risks associated. In the case of online stores, along with traditional risks comes online threats such as cyber-attacks, property damage, product liability, general liability, and data breaches. Online business owners need comprehensive insurance policy that can withstand financial obligations and liabilities arising from mishaps related to such risks.
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CSIO Board Of Directors Welcomes Aviva CIO
CSIO chairman Cam Loeppky is pleased to announce that Zoey Todorovic, CIO at Aviva Canada, has been appointed to CSIO's Board of Directors
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ICTA NOMINATIONS
Placing Commercial Insurance Easily
Apollo delivers a people-first insurance experience through time-saving technology and a deep understanding of the communities we serve. Our proprietary platform, the Apollo Exchange, allows insurance agents and their customers to purchase policies immediately, from anywhere, on any device. Unlike traditional paper-based processes, Apollo leverages extensive data and sophisticated algorithms to quote, collect payment, and issue documents for thousands of small businesses and individuals without human intervention. Through agents and embedded finance partnerships, Apollo is making insurance effortless.
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Advantage In The Cloud
Gore Mutual Insurance Company launched a radical and accelerated strategy in 2019 to transform from a financially strong but under-performing regional insurer with outdated operating models to an agile, purpose-driven, digitally-led national insurer, with an entirely new operating model in automobile and personal lines and a highly automated and scalable national contact center. Gore Mutual streamlined process flow for brokers, decreased time to quote, and increased straight-through processing. The company added significant volume in new business each month and increased overall growth by the end of 2021, becoming one of the fastest-growing insurers in the country.
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