INSURANCE INDUSTRY NEWS
Slice, Eastern Underwriting Managers Partner to Protect Small Businesses
Slice Labs Inc., a technology company with the first on-demand insurance platform, is pleased to announce a new partnership that will give Eastern Underwriting Managers agents access to Slice's 100% digital platform for small business coverage. The partnership will give agents access to fast, easy, digital quotes and coverage for small businesses across the United States.
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Munich Re Launches Validation Service For Trustworthy Artificial Intelligence
Munich Re is enhancing the acceptance of artificial intelligence with its new validation service, paving the way for the responsible use of AI applications. CertAI independently and objectively validates the trustworthiness of AI in new product solutions and demonstrates its quality to clients, investors and supervisory authorities.
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Guidewire Elysian Accelerates Insurers’ Speed to Market
Guidewire is pleased to announce Elysian, the latest in a series of market-defining cloud releases. Elysian innovations equip insurers to quickly connect third-party apps, including insurtech solutions, with Integration Gateway, launch lines of business fast with Guidewire GO and Advanced Product Designer (APD), and expand distribution with a new Embedded Insurance Solution for travel.
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Decoding Digital Trust: An Insurance Perspective
Digital trust is complex and non-linear. Customers want protection but do not want to read the small print. They want to shop carefully but can be easily ripped off. They do not want digital surveillance yet are careless with their social media. How do insurers negotiate these challenges in launching digital processes and products?
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Applied Rating Index Q1 2022 Released
Applied Systems has announced the first quarter of 2022 results of the Applied Rating Index™, the Canadian insurance industry's premium rate index. In Q1 2022, average premiums for both Personal Auto lines and Personal Property lines increased year over year.
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FIRST Pay For Applied Epic Certified Integration Expands Functionality
FIRST Insurance Funding of Canada, the industry leader in insurance payment solutions, is pleased to announce expanded functionality for their certified integration. FIRST Pay™ for Applied Epic® makes it even easier for brokers to provide their clients with innovative payment solutions.
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FMI Releases InsurTech Market Outlook To 2032
According to Future Market Insights (FMI), the InsurTech market is forecast to reach a net worth of US$ 165.4 Bn in 2032 from a total market value of US$ 12.5 Bn in 2021. It is predicted to achieve an impressive CAGR of 25.9% during the forecast period.
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Westland Announces Two New Acquisitions
Westland Insurance Group is pleased to announce that it has acquired MCR Insurance in Aurora, Ontario, and Walter Roberts Insurance in Richmond Hill, Ontario, extending its reach in commercial and personal insurance lines across Canada.
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Gore Mutual Deploys Claims Team After Derecho Storm
The fallout from the derecho storm that hit Southwestern Ontario on May 21 continues to impact thousands of property and automobile owners. In the hardest-hit areas of Ottawa and the Town of Uxbridge, Gore Mutual Insurance Company (Gore Mutual) immediately deployed its claims team to personally assist customers in need.
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Resilience Introduces New Head Of Underwriting
Resilience, which provides cyber insurance and security solutions to mid-market enterprises to help them holistically evaluate, manage, and quantify their cyber risk, continues its global expansion with the addition of Miki Ho as Head of Underwriting for Canada.
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Co-operators Renews Commitment To Building Flood Resilience
The increasing frequency and severity of extreme weather and its devastating impacts are top of mind for Canadians, and Co-operators has renewed its multi-year funding commitment to Partners for Action, a flood resilience research initiative at the University of Waterloo.
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PolicyAdvisor Reaches Coverage Milestone
PolicyAdvisor.com, a leading digital insurance brokerage which has placed more than CAD 2.5 billion in insurance coverage since their 2019 launch, is pleased to announce it is the recipient of an award recognizing its significant growth in revenue despite its relatively short time in the marketplace.
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