INSURANCE INDUSTRY NEWS
Top Causes Of Insurance Claims For Business: Allianz
Every day, companies around the globe, together with their insurers, experience losses, in multiple forms, in the millions of dollars. Over the past five years, fire and explosion, natural catastrophes and faulty workmanship or maintenance have been the major causes of loss by value of insurance claims, according to the Global Claims Review 2022 from Allianz Global Corporate & Specialty.
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Cover Whale, Swiss Re To Improve Auto Accident Risk Assessment
Cover Whale Insurance Solutions, Inc., a leading InsurTech for commercial auto insurance, is pleased to announce it is using Swiss Re's Motor Market Analyzer to enhance its risk predictions for auto accidents based on highly granular data and detailed accident statistics.
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Cognition+ Empowering Sales Channel Connectivity For Canadian Mutual Insurers
Cognition+ has launched a next-generation solution across its client community in collaboration with Broker Management System (BMS) vendors to better enable connectivity solutions in support of the CSIO and IBAC Data Exchange Initiatives.
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Applied Systems, Wawanesa Expand Partnership To Enable Real-Time Commercial Lines Rating
Applied Systems is pleased to announce an expanded partnership with the Wawanesa Mutual Insurance Company to automate commercial lines quoting. Together, Applied and Wawanesa will leverage CSIO commercial lines data standards and question sets to simplify the quoting process via Applied Policy Works, increasing Wawanesa's quote volume, automating the application process for brokers, and creating a better customer experience.
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HTM Insurance, McKillop Mutual Go Live on Cognition+ Claims Solution
HTM Insurance Company and McKillop Mutual Insurance Company are pleased to announce the completion of their collaborative project to implement the Cognition+ Claims solution, extending their Cognition+ Platform and further delivering on their digital transformation.
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Hub International, NBIF Announce Strategic Group Insurance Agreement
Hub International Canada West ULC, a leading global insurance brokerage and financial services firm, has entered into a strategic agreement with National Bank Insurance Firm Inc. This partnership involves the transfer of NBIF's group insurance activities based in Edmonton to Hub. Terms of the transaction were not disclosed.
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Novacap Completes Investment In Online Marketplace For Financial Services
Novacap, a leading North American private equity firm, is pleased to announce that it has entered a partnership with Ratehub.ca, a Toronto-based online financial marketplace that provides Canadians with price comparisons on financial products like mortgages, credit cards, insurance products and more.
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Mobility Data Gives Drivers Insight to Stay Safe on the Road In Time for Hurricane Season
Arity, the mobility data and analytics provider, is pleased to announce that it is partnering with MyRadar, the live weather and forecasting app, to launch MyDrives, a new feature that allows users to avoid dangerous weather and road conditions for smarter and safer driving. This new feature will be available for drivers just in time for summer travel and hurricane season.
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Blink Parametric Expands Partnership With Blue Cross
Blink Parametric's longstanding relationship with Blue Cross has expanded with the announcement that the benefits provider and wellness leader Alberta Blue Cross is rolling out its flight delay service.
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Fidelis To Separate Its Business To Create New Managing General Underwriter
Fidelis Insurance Holdings Limited is pleased to announce its intention to create a new Managing General Underwriter (MGU) which, subject to regulatory approval, will be separated from the existing balance sheet insurance companies. This new structure will allow each entity to focus on its core functions and specialisms, and provide clients, brokers and other stakeholders with continued levels of industry-leading service.
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