"Chronicle" weekly newsletter - Where insurance and technology meet

OCTOBER 11, 2022

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Relay Joins Forces With CyberCube To Deliver Advanced Cyber Quoting Experience
Relay Platform, an innovative provider of solutions that enable the digital transformation of commercial insurance submissions, is pleased to announce a partnership with the world's leading cyber risk analytics platform, CyberCube.
Read more.

Definity Acquires A Majority Stake In Mcdougall Insurance, Building A Broker Partnership With Proven M&A Expertise
Definity Financial Corporation is pleased to announce that the company has increased its ownership interest in McDougall Insurance from approximately 25% to 75%, bringing its total investment to CAD 251 million.
Read more.

Western Acquires Sadler Insurance Inc.
Westland Financial Group is pleased to announce its acquisition of Sadler Insurance Inc. This partnership made sense for both groups with aligned business values and a priority on community relationships and social responsibility. Adding Sadler Insurance better complements Western's service offering to Albertans which now includes a physical location in Edmonton.
Read more.

SIB Acquires Deerborne Insurance Inc.
SIB Corp., operating as StoneRidge Insurance Brokers, a leading independent provider of insurance and consulting services, is pleased to announce it has acquired Deerborne Insurance Inc., expanding its personal and commercial insurance presence in Toronto.
Read more.

Cyber Cover To Be As Ubiquitous As Public Liability, Professional Indemnity Insurance
Global Insurance Law Connect has launched its first ever 'Cyber Insurance Report', providing insights from 19 countries on their domestic cyber insurance market. The report reveals that the range of security vulnerabilities that cyber attackers are exploiting continues to amplify, as does the level of threat across all geographies and industries.
Read more.

Apollo Launches Condo & Townhouse Insurance
Apollo Insurance, Canada's leading InsurTech, is pleased to announce the launch of a new specially designed Condo and Townhouse Insurance product.
Read more.

3Tree Welcomes SEH To The Unite Community
3Tree, a pioneer in connecting insurance brokers and carriers, is thrilled to announce a digital transformation partnership with SEH Computer Systems. SEH will quickly bring to their users advanced, real-time broker connectivity through the use of 3Tree's industry-changing Unite insurance exchange service.
Read more.

InsurTech Spotlight

In the InsurTech Spotlight this week:

SortSpoke helps enterprises turn unstructured documents into structured data, making it easy to automate the complex data entry work done by humans. SortSpoke uses proprietary, rapid machine-learning technology that allows enterprises to train in less than 1 day how to extract any data from any document type, structured or unstructured, in any language.
Learn more.

Calling all InsurTechs! Click here to participate.

The Intersection: Blog

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

Why Knowledge Management Is Critical for the Insurance Industry
By Mitja Alexander Linss, ProNavigator
Finding, managing, and sharing information quickly has value for any organization, but especially in the insurance industry. Insurers offer a vast number of products and services, each with its own underlying complex legal agreement – the insurance policy. Buyers and sellers alike need to have confidence in the information available to them. Read more. ‘Technology In Action’ Series
Taking the Pain out of Commercial Lines Insurance
WebinarThursday, Oct. 13

Quotey is a Canadian company established to solve the pain points at every step of the commercial lines process.

Learn about the transformational impact that Quotey can have on a brokerage, and on its markets and customers.

Register now or learn more about the webinar and speakers.


From Doug

I hope you enjoyed Thanksgiving and really thought about it.

We in Canada have lots to be thankful for:
• Peace: We are not involved directly in any war.
• Food: We have a consistent supply, and fresh all year round.
• People are more important than cars: Cities are recognizing that, and acting.
• Reconciliation: This sentiment captures the essence – European history books recall the “discovery” of America, but to indigenous peoples, it was an “invasion.” Parallels can be brawn to others who have been disadvantaged

There will always be challenges. Today we face:
• Climate change;
• War and the rise of authoritarianism;
• Overstretched health care and services;
• Inequality.

Consider that society can be improved when we collectively rise to a common challenge. What challenge are you taking on?

Doug Grant, CIP

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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