INSURANCE INDUSTRY NEWS
Insurance Evolving Into “The Next Normal”
Vertafore is pleased to announce the release of its annual insurance survey report, titled “The Insurance Agency Workforce: Evolving Into The Next Normal.” Based on responses from more than 1,300 insurance professionals, the report includes insights on how independent agencies and MGAs responded to the Great Resignation, what attracts individuals to the insurance industry, factors that can help retain employees, and how workers feel their agency is responding to technology modernization.
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Insurers Need To Fundamentally Change Business Models To Achieve Climate Resiliency
Capgemini and Efma's World Property and Casualty Insurance Report 2022 reveals that climate change is hurting the insurance industry. It highlights that insurers focused on building climate-resilient business models will be better positioned to generate deeper customer trust while boosting their relevance and profitability. The inaugural report addresses how insurers can lead climate change resiliency, one of the most pressing issues in modern times.
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Simplify FNOL With New Guidewire Marketplace App From Zelros
Guidewire and Zelros, an InsurTech offering a platform for personalized recommendations, are pleased to announce that Zelros' new Ready for Guidewire validated accelerator for ClaimCenter is now available to users in the Guidewire Marketplace.
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L’Unique Partners With Applied To Automate Commercial Lines Quoting
Applied Systems is pleased to announce a partnership with L'Unique General Insurance to enable real-time quoting for commercial lines. The partnership will create a more efficient small commercial quoting process, utilizing CSIO commercial lines data standards and question sets to improve the service delivered to the customers of L'Unique's broker distribution network.
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MIB Expands Digital Solutions Portfolio through Acquisition of APEXA from RGA
MIB, the life insurance industry's most trusted and secure partner for data-driven risk management and digital services, is pleased to announce that it has reached an agreement with a subsidiary of Reinsurance Group of America (RGA) to acquire APEXA, Canada's leading contracting and compliance service provider for life insurance advisors, MGAs, and carriers. The acquisition expands MIB's portfolio of digital solutions and client base in Canada.
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Crawford Technologies Updates Digital Transform Engine
The newest version of Crawford Technologies' Digital Transform Engine (DTE), the foundation of the Crawford Technologies portfolio of software and solutions, offers new enhancements that deliver advanced levels of functionality and performance to ensure greater flexibility in the production of customer communications, including accessible documents.
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Best Practices To Prevent Workplace Fraud
According to the Association of Certified Fraud Examiners, the typical workplace fraud case in Canada results in a substantial average loss, with statistics showing billing schemes to be the most common, present in more than a third of fraud cases.
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U.S. Traffic Fatalities Reached 16-Year High In 2021
The U.S. National Highway Traffic Safety Administration has released its early estimate of traffic fatalities for 2021, revealing the highest number of fatalities since 2005 and the largest annual percentage increase (up 10.5% from 2020) in the Fatality Analysis Reporting System's history. Behind each of these numbers is a life tragically lost, and a family left behind.
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Penny McCune Appointed SGI President & CEO
After an extensive national search led by SGI's Board of Directors, SGI's own Penny McCune has been selected to replace former President & CEO Andrew Cartmell, who retired in April.
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Enhanced Protection For Canola Farmers
Farmers Edge Inc. is pleased to announce enhancements to Canola Heat Blast Yield Protection, an innovative insurance product distributed through its wholly owned subsidiary, DigiAg Risk Management Inc. This unique parametric coverage will now be available to farmers as a standard property & casualty solution with less paperwork and no legal entity or minimum asset requirements.
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ICTA NOMINATIONS
Improving Estimates For Property Claims With AI
Asservio is Crawford Platform Solution's first-ever SaaS offering. Asservio is a leading-edge, digital platform that allows organizations to transform their property estimating quality assurance process. Using automation, an estimate review can be expedited in minutes instead of hours or days. In a matter of four seconds, Asservio scans property estimates and identifies $5,800 in average variances.
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