INSURANCE INDUSTRY NEWS
Swiss Re SONAR Highlights Emerging Risks
Crypto assets are challenging established financial norms and climate change is changing the very substance of our physical environment. New risks are arising while the world deals with a pandemic, war, economic turbulence, and failing trust in institutions. Swiss Re's 10th SONAR report scans the horizon for emerging risks for the insurance industry.
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IMS Partners With Aviva Canada To Launch Aviva Journey
IMS, the leading global vehicle and driving data business, is Aviva Canada's partner behind the launch of a new app-based telematics product for the Canadian auto insurance market. Aviva Journey, currently distributed via brokers in Ontario and downloadable to a smartphone, will help safe drivers significantly lower their premiums.
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Less Than 25% Of Top Global Insurance Carriers Have Truly Digitized The Value Chain
ACORD, the standards-setting body for the global insurance industry, has released its 2022 Insurance Digital Maturity Study of the world's 200 largest insurance carriers. A rapidly evolving insurance ecosystem and disruption from a global pandemic have led to a more urgent need than ever for insurers to modernize, yet the study indicates that much work remains to be done.
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P&C Have Increased Investment In Claims Management Solutions
With insurers seeking new ways to improve adjuster efficiency and manage increasing loss costs due to inflation, activity for new claims platforms has steadily increased since the beginning of the pandemic. In a new report, Aite-Novarica Group provides an overview of the current vendor marketplace with profiles of stand-alone core claims solutions.
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New Research Uncovers Importance Of Fast TTFC For P&C Claims
Hi Marley has released the results of new research that studied time to first contact and its effect on the customer experience and claims handling process. Time to first contact (TTFC) is defined as the length of time it takes for an adjuster to contact a claimant once they've opted-into text messaging.
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Hardbacon Partners With Securiglobe To Help Canadians Save On Travel Insurance
Hardbacon, a personal finance application, is pleased to announce a new partnership with Securiglobe, a travel protection and health insurance distributor, to help Canadians save on travel insurance.
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Axis Insurance Acquires BMG Insurance Brokers
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, is pleased to announce that, effective June 1st, Axis Insurance Managers completed their acquisition of BMG Aviation Ltd., operating as BMG Insurance Broker, a western-based, privately owned insurance brokerage firm specializing in aviation and aerospace risks.
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Intact Specialty To Acquire Highland Insurance Solutions
Intact Insurance Group USA, dba Intact Insurance Specialty Solutions, is pleased to announce that it has entered into a definitive agreement to acquire Highland Insurance Solutions, the U.S. construction division of Tokio Marine Highland. Highland is a managing general agent specializing in the builders risk segment of the construction market.
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Équité Association Publishes 1st Annual Report
Équité Association, Canada's first independent, not-for-profit organization dedicated to detecting and preventing insurance fraud, has released its inaugural 2021 Annual Report.
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