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Insurance-Canada.ca - Where insurance and technology meet

AUGUST 23, 2022

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INSURANCE INDUSTRY NEWS

At-Bay Acquires Relay To Accelerate The Future Of Specialty Insurance
At-Bay, the insurance provider for the digital age, is pleased to announce the acquisition of Relay, a technology solutions provider enabling the digital transformation of commercial insurance placements. Relay will continue to serve brokers and partners as an independent entity under its own management team. Joining At-Bay enhances Relay's ability to expand its capabilities and value-added services for its partners. Read more.

Applied Releases Q2 Commercial Lines Premium Rate Index Findings
Applied Systems is pleased to announce the second quarter 2022 results of the Applied Commercial Index™, the Canadian insurance industry's premium rate index. All lines of business, except Retail and Business & Professional Services, saw decreases compared to the same quarter last year. Read more.

Navacord Partners With Global Alliance Specialty Solutions Ltd.
Navacord Corp. is pleased to announce their latest partnership with BC-based Global Alliance Specialty Solutions Ltd. (GASS), effective July 1st. As a specialty MGA, GASS serves a broad range of commercial brokers in British Columbia, Alberta and Ontario within the Property & Casualty business sector. Read more.

Nexar Acquires Veniam To Leverage Vehicle Data
Nexar, a leading AI mobility company, is pleased to announce that it has entered into an agreement to acquire Veniam, the leading provider of intelligent networking for the internet of moving things. Together, the companies will increase the reach and decrease the costs of rich mobility applications and the real-time mapping of the physical world. Read more.

Autonomy Launches Month-to-Month Auto Insurance As Part Of Subscription Bundle
Autonomy, the largest electric vehicle subscription company in the United States, is pleased to announce it has introduced a completely digital, month-to-month auto insurance product into the Autonomy subscription bundle, in partnership with Liberty Mutual Insurance, the sixth-largest global property and casualty insurer. Read more.

Coalition Completes Acquisition Of Digital Affect Insurance Company
Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, is pleased to announce that it has received regulatory approval and completed the acquisition of Digital Affect Insurance Company, a property & casualty insurer licensed in all 50 states, from Munich Re Digital Partners US Holding Corporation. Read more.

Applied Systems Acquires Tarmika
Applied Systems is pleased to announce that it has acquired Tarmika, a leading commercial lines rating solution that streamlines small business insurance. This complementary acquisition will expand Applied's commercial quoting and Ivans' distribution connectivity solutions to create a more valuable and digital distribution experience at each stage of the insurance lifecycle. Read more.

USAA Among First Insurers To Introduce Crash Detection Technology
USAA is pleased to announce it is among the first auto insurance carriers to implement crash detection technology, an innovation that simplifies and expedites the claims process. This technology comes at a critical time as auto accidents have surged past pre-pandemic levels, exacerbating supply chain issues and delays being felt by consumers everywhere. Read more.


InsurTech Spotlight

In the InsurTech Spotlight this week:

YouSet
YouSet is revolutionizing the insurance industry by combining technology, data and human expertise. We're on a mission to build the most efficient and most loved insurance platform in Canada. In less than 4 minutes, our powerful technology screens the market to help you save 29% on average on your home and car insurance and get you covered instantly, online. Learn more.

Calling all InsurTechs! Click here to participate.


The Intersection: Insurance-Canada.ca Blog

What's going through the Intersection
of insurance and technology?

What to Expect When Applying for Cyber Insurance
By Jamie Ross, Wedgwood Insurance
In today's connected business climate, cyber-attacks are no longer a question of if, but when. More and more, we're seeing people reach out to discuss their options when it comes to securing cyber liability insurance – from adding personal cyber liability to an existing homeowners policy to a robust commercial cyber liability plan. Read more.


Insurance-Canada.ca ‘Technology In Action’ Series
Marketing Automation:
Lessons Learned On The Path To Success

WebinarWednesday, Aug. 24

Ai Insurance Organization Inc. is Canada's leading surety bond broker and contractor insurance provider. In 2020 they added a full-fledged in-house marketing team and Act-On, a marketing automation and communications platform, to enhance the sales team's efforts.

Register now to hear about their journey to success and the lessons learned along the way.

Featuring:
Ai Insurance Organization Inc.


From Doug

The Evolution of Marketing Automation

The Paper Age: Printed renewal offers may have been the first major customer-consumable output from digital data. Early marketing adopters applied simple rules to add marketing inserts and separate mailings.

The Internet Age: As consumers began accessing websites and doing email, marketing innovated. Search engines enabled new digital tactics ex. SEO to rank higher, digital advertisements and data to monitor performance.

Social media, third party lead generation tools, online quoting, integrated email services and more contributed to an expanding marketer's toolkit.

The Responsive Age: From website function being responsive to a user's device and browser, the "personalization" of a user session has continued to grow. Internal and proliferating third-party data help to "know" the visitor and to tailor the flow and presentation of information and function. New tools like AI, ML and microservices contribute to this rich capability.

The People Age: From the optimistic expectation of complete automation, the "human touch" has re-emerged. Knowledgeable staff dealing quickly with opportunities contributes to successful marketing.

Marketing is expanding; doing it well is an important success factor.

Join the webinar tomorrow – Wed., August 24 at 1pm ET – to hear about Ai Insurance Group's recent journey in Marketing Automation.

Doug Grant, CIP
Partner
Insurance-Canada.ca

Doug Grant

The Chronicle weekly newsletter features news, events, and general information relating to technology and innovation in the Canadian insurance industry and marketplace. Subscribe here or view past issues.

If you would like to recommend an item for inclusion – with a focus on technology in insurance relevant to the Canadian Property & Casualty insurance industry – please contact [email protected].

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