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INSURANCE INDUSTRY NEWS
Messagepoint Unveils Headless CCM Capabilities
Messagepoint is pleased to announce the availability of new headless customer communications management capabilities to support dynamic digital experiences with highly personalized content delivered via RESTful APIs.
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FRISS, Legentic Partner To Fight Insurance Fraud
FRISS and Legentic are pleased to announce a partnership to fight insurance fraud. The partnership seamlessly integrates Legentic’s Mohawk Fraud Detection real-time and historic data into FRISS’s end-to-end software solutions.
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CSIO INNOTECH API Working Group Finalizes Requirements For Creating A Quote
CSIO is pleased to announce that the Innovation and Emerging Technology (INNOTECH) Advisory Committee and Application Programming Interface (API) Working Group have finalized business requirements for creating a quote. This represents the team's first major achievement since the Insurance Brokers Association of Canada (IBAC) joined forces with INNOTECH earlier this year.
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Business & Technology Trends: Specialty Lines
“Specialty insurance” is a broad term that describes various insurance types covering surplus lines, program business, and business written through wholesalers and many other types of business. The common factor is that the business is not typically written through standard markets. In a new report, Aite-Novarica Group provides an overview of specialty lines insurer business and technology issues, data about the marketplace, and examples of recent insurer technology investments.
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Mobility Technology Center Established In Munich
All systems are go for the Mobility Technology Center (MTC) as the new partnership between ERGO, Munich Re, in-tech, and MaLiBu was given the green light. The MTC will provide services for the development of innovative automotive insurance products and risk management solutions, placing a focus on electromobility, automated and autonomous driving, new mobility concepts, and digital and integrated services.
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BrokerLink Makes Dual Ontario Acquisition
BrokerLink is pleased to announce it is growing again in Ontario through its acquisition of Insurance Executives Brokers & Consultants Inc. and Goodison Insurance and Financial Services Limited, effective June 1.
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McDougall Merges With Brown & Brethour
McDougall Insurance and Financial is pleased to announce that they have merged with Brown & Brethour Insurance Brokers Ltd., effective June 1, and to welcome the employees of Brown & Brethour into the McDougall organization.
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StoneRidge Enters Sask. With K5 Insurance
SIB Corp., operating as StoneRidge Insurance Brokers, a leading independent provider of insurance and consulting services, whose platforms include an insurance brokerage, MGA/MGU, group benefits and an adjusting firm, has partnered with K5 Insurance Inc., expanding its personal and commercial insurance presence in Manitoba and into Saskatchewan.
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CatIQ Updates Insurance Exposure Database
Catastrophe Indices & Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, has released the annual update of its Canadian insurance Industry Exposure Database (IED). Developed with the support of the Canadian P&C industry, the IED now contains 2021 year-end estimates of Canadian industry property sums insured.
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Reinsurance Aggregate Performs Well In 2021
Aon plc is pleased to announce the launch of the latest edition of its Reinsurance Aggregate report series tracking the financial performance of leading reinsurance carriers in the global market.
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On Side Acquires Craft Restoration Services
On Side Restoration Ltd. is pleased to announce it has completed the acquisition of Craft Restoration Services Inc. This Toronto-based property restoration company is a key addition to On Side's growth in Ontario to help expand their service offerings throughout the Greater Toronto Area.
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IBAO Releases eLearning Course With Conservation Ontario
The Insurance Brokers Association of Ontario (IBAO) and Conservation Ontario have teamed up to further awareness of what conservation authorities do and how their expertise can help brokers to become more familiar with flooding and erosion in Ontario in order to better advise their clients.
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OSFI Consults On Expectations To Advance Climate Risk Management
The Office of the Superintendent of Financial Institutions (OSFI) has issued a draft version of Guideline B-15: Climate Risk Management. This guideline proposes a prudential framework that recognizes the impact of climate change on managing risk. The draft Guideline sets the stage for OSFI's expectations of federally regulated financial institutions.
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