INSURANCE INDUSTRY NEWS
MIB, DigitalOwl Partner To Tailor Electronic Medical Data For Use In Life Insurance Underwriting
MIB is pleased to announce an agreement with DigitalOwl, a provider of AI-powered data analysis software, to present electronic medical data in an underwriting-driven format. MIB clients will be able to obtain information across multiple electronic health records, health information exchanges, and patient portals, with a user-friendly standardized output.
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Chubb Study First To Explore Consumer Attitudes On Insurance Across Five Generations
A new Chubb survey is the industry's first to explore the attitudes on insurance-related matters across five generations of consumers. The findings reveal differences in how each generation searches for and purchases insurance, their current coverages, how they engage with insurance agents, and more.
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2021 Saw Record Payout In Life & Health Benefits
Canada's life and health insurers paid out more benefits to more people than ever before in 2021, according to the Canadian Life and Health Insurance Association.
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CapriCMW, Rogers Insurance Announce Merger
CapriCMW and Rogers Insurance are pleased to announce that they have merged and will be known as Acera Insurance.
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Earnix Expands Product Suite Of Agile Solutions For Intelligent Insurance Operations
Earnix, a global provider of real-time AI-driven rating, dynamic pricing, product personalization, and fully operationalized telematics solutions for insurance and banking, is pleased to announce a new purpose-built underwriting solution in the Intelligent Insurance Operations suite that brings the full power of analytics to underwriting.
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PolicyMe Raises Funding To Scale Product Suite, B2B2C Distribution
PolicyMe, the digital-first insurance provider on a mission to deliver simple and affordable insurance for Canadian families, is pleased to announce it has raised CAD 18 million in Series A financing. New investors RGAX, Securian Financial and SiriusPoint joined existing investors HCS Capital and Westdale Properties in the raise.
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HelloSafe To Accelerate Deploying Its Financial Comparison Solutions In Canada
HelloSafe, a fintech company that develops insurance, investment, savings and credit product comparison solutions for individuals and businesses, is pleased to announce CAD 4.2 million in seed funding, led by OneRagtime and Kima Ventures, to further improve the user experience on its platforms and expand into new product categories in Canada.
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ProNavigator Raises Funding To Accelerate Platform Expansion For The Insurance Industry
ProNavigator is pleased to announce it has closed CAD 10 million of growth financing, co-led by Graphite Ventures and previous investor Luge Capital, and is opening a new second headquarters in Raleigh, North Carolina to oversee its U.S. expansion.
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Just One-Third Of SME Employees Received Mandatory Cyber Security Training
New Insurance Bureau of Canada research has found that small and medium-sized Canadian businesses have been slow to adapt to increasingly frequent and sophisticated cyber attacks. The results are featured in IBC's first Cyber Savvy Report Card, which assigned Canadians a “C” letter-grade for cyber safety actions and knowledge.
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Hub To Provide Tenant Default Captive Insurance For Real Estate Owners
Hub International Limited is pleased to announce it has developed HUB Tenant Default Captive Insurance for real estate owners, operators and managers in the U.S., available in Canada in 2023. As a landlord-controlled captive program, it eliminates the hassle of security deposits, lowers barriers for prospective tenants to improve occupancy rates and creates an additional revenue stream for property owners.
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Cyphercor Enters Strategic Partnership With BOXX
Cyphercor Inc., a cybersecurity startup that provides simple and secure multi-factor authentication (MFA) solutions under their flagship product LoginTC, has today announced a strategic partnership with BOXX Insurance, the first cyber MGA of its kind to offer Canadian businesses all-in-one cybersecurity and cyber insurance solutions.
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Earnix Joins Guidewire PartnerConnect
Guidewire and Earnix are pleased to announce that the two companies have launched a collaborative effort to facilitate faster adoption and increased ongoing performance of their shared offerings. Earnix has joined Guidewire PartnerConnect as a Solution partner at the Select level.
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Sunwing Updates Travel Coverage, Launches Worry Free Plus Option
Sunwing is helping its customers prepare for the unexpected this winter with even more options to travel with peace of mind. The tour operator has updated its Worry Free insurance offerings and introduced Worry Free Plus, a new coverage option to further meet the travel needs of customers and ensure they can vacation in paradise with confidence.
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Olive.ca Launches Mechanical Breakdown Insurance in Canada
olive.ca™, the leader in online vehicle protection plans, is pleased to announce the brand's launch in Canada to provide Canadians with vehicle protection plans that cover mechanical failure after their auto manufacturer's warranty has expired.
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Summer Storms Across Western Canada: Insured Damage Total Revealed
Storms that hit Western Canada this summer are expected to result in more than CAD 300 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. In addition, the July 2 hailstorm and flooding in Calgary resulted in more than CAD 600 million in insured damage, making it one of the top 10 costliest weather events in Canadian history.
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