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INSURANCE INDUSTRY NEWS
Aon Announces Acquisition Of NFP
Aon has expanded its worldwide P&C insurance market presence with the acquisition of NFP, a leading middle-market P&C broker, benefits consultant, wealth manager and retirement plan advisor.
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Verisk Accelerator On Guidewire Marketplace
Verisk, a leading global data analytics and technology provider, is pleased to announce the integration of its LightSpeed® Small Commercial solution into Guidewire Marketplace. This integration can help small business insurers automate underwriting workflows and bind new business in seconds.
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Peace Hills Partners With Applied Systems
Applied Systems is pleased to announce a partnership with Peace Hills General Insurance Company to enable real-time quoting for commercial lines. The partnership will provide Peace Hills Insurance's coverage options at the point of quote in Policy Works®, creating a digital commercial lines lifecycle that accelerates quote-to-bind time for Peace Hills and Applied's combined independent brokerage partners across Western Canada.
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Accenture, Google Cloud Help Harness GenAI
Accenture and Google Cloud are pleased to announce a new global, joint generative AI Center of Excellence to help businesses adopt generative AI to improve operations, create new lines of businesses, and build unique customer experiences.
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GenAI Top Concern: Legal, Compliance & Privacy
Rapid generative AI adoption is the top-ranked issue for the next two years for legal, compliance and privacy leaders, according to a recent survey by Gartner, Inc.
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Carleton-Fundy Mutual Selects Cognition+
Cognition+ is pleased to announce that Carleton-Fundy Mutual has elected to transform its insurance operations by adopting the Cognition+ Enterprise Insurance Platform.
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Stanley Mutual Goes Live With Cognition+ Platform
Stanley Mutual Insurance Company is pleased to announce they have successfully implemented the Cognition+ enterprise platform for their mutual insurance operations. Cognition+ provides Stanley with a full suite of integrated Underwriting, Claims and Accounting functionality in a Cloud environment. The Cognition+ Cloud ensures a high availability, cost effective and secure solution while simplifying accessibility for all users.
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BrokerLink Makes 20th Acquisition This Year
BrokerLink is pleased to announce its acquisition of Alberta-based Broker Age Corporation – including Broker Age General Insurance Inc. and Whitecourt Insurance Ltd. – and Ontario-based W.N. Atkinson Insurance Ltd.
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Hub Strengthens Employee Benefits Capabilities
Hub International Limited, a leading global insurance brokerage and financial services firm, is pleased to announce that it has acquired Calgary-based JRP Financial Services, Inc.
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Brampton Facing Auto Theft Crisis
Auto theft is a crisis right across Ontario, but Brampton residents are feeling it most acutely, according to a poll commissioned by Insurance Bureau of Canada.
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Climate Change Concerns Disrupting Consumer Habits: EY
Deepening concerns around inflation and climate change are pushing Canadians to change how they live and what they buy, according to the results of the EY Future Consumer Index Survey.
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Swiss Re Acquires Water Risk Intelligence Leader
Swiss Re is pleased to announce that it has acquired Fathom, a UK-based provider of water risk intelligence and flood models. Through this transaction, Swiss Re's Reinsurance Solutions division gains valuable expertise and a robust set of products, complementing its own data and risk capabilities in the field of flood perils.
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Preparing For The Growing Risk Of Wildfire
After a wildfire season of unprecedented scale this year, a new report by the University of Waterloo’s Intact Centre on Climate Adaptation offers practical guidance to help Canadians living in forested and grassland regions reduce the risk wildfires pose to their home.
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Climate Tech Costs Impeding Net-Zero Goals
Three-quarters of organizations say they need climate tech to achieve their sustainability goals, but a similar proportion of executives refuse to pay the ‘green premium’ attached to these technologies as product costs increase, according to Capgemini Research Institute's latest report.
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Accenture Expands McDonald’s Partnership
McDonald's Corporation and Accenture have announced an expansion of their strategic partnership to help execute McDonald's strategy to leverage the latest edge technology and apply generative AI solutions across its restaurants worldwide to improve operations as well as the customer experience.
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IBM Selects uOttawa For Cyber Training Hub
IBM Canada and the University of Ottawa are pleased to announce the official opening of the new uOttawa-IBM Cyber Range to help businesses and government organizations prepare for real-world cyber threats using highly realistic cyber response training exercises.
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Insights On Wealthy Mindset: Chubb Report
Most wealthy Canadians believe damage from severe weather stemming from climate change poses the biggest threat to their home, according to the inaugural Wealth Report from Chubb, which gauges perceptions of affluent people about their passions, mindset about wealth and the risks they face in protecting what matters most to them.
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Nearly Half Of Canadians Planned A Vacation This Winter: Allianz Survey
Allianz Global Assistance Canada has released the results of its sixth annual Winter Vacation Confidence Index Survey, revealing that winter vacation confidence among Canadians is on the rise, while travellers plan to spend more on travel than ever before.
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BIG Named A Top Insurance Employer
Billyard Insurance Group is pleased to announce it has secured a coveted spot in this year's list of Canada's top insurance employers, one of just four with more than 1,000 employees.
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