INSURANCE INDUSTRY NEWS
Most Organizations Aren’t Achieving Their Innovation Goals: NTT DATA
Nearly all executives (96%) believe innovation will be a primary source of achieving growth over the next two years, but just one in five (21%) definitively met their innovation goals as reported, according to NTT DATA's Innovation Index research findings.
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Severe Weather Cost More Than $3 Billion In 2023
For the second year in a row, Canada exceeded CAD 3 billion in insured damage from natural catastrophes and severe weather events. Nationally, insured damage for severe weather events reached over CAD 3.1 billion in 2023, according to CatIQ.
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Crawford Technologies Launches AI-Driven Language Translation Solution
Crawford Technologies, a leading provider of innovative document solutions that streamline, improve and manage customer communications, announced the general availability of Instant Language Assistant (ILA) as part of its AccessibilityNow® platform.
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IBM, Dun & Bradstreet Collaborate On GenAI Solutions Powered By WatsonX
Dun & Bradstreet and IBM are pleased to announce a strategic collaboration that will bring together Dun & Bradstreet's Data Cloud and IBM's watsonx to help organizations responsibly expand their use of generative AI.
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Westland Acquires Dyberg Insurance, Prairie Villa Insurance
Westland Insurance is pleased to announce that it has acquired Alberta-based Dyberg Insurance Inc. and Prairie Villa Insurance, effective January 1st.
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SIB Partners With Bob Potts To Form Accelerated Insurance & Risk Management Services
SIB Corp., through its partnership with Accelerated Insurance, has exclusive and niche programs and offerings for the transportation sector, providing solutions for the regular market as well as captive and alternative risk spaces.
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Blink Parametric Strengthens Blue Cross Partnership In Canada
Blink Parametric is pleased to announce it has agreed to a further three-year deal with Blue Cross, which was the first to launch the Blink Parametric flight disruption real-time assistance solution in October 2018.
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Majesco Acquires Decision Research Corporation
Majesco is pleased to announce its acquisition of the Decision Research Corporation business, a SaaS-based insurance software company delivering market-leading enterprise rating, a reinsurance solution, and core for the P&C insurance market. Majesco will add over 20 P&C customers to their growing customer community.
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MPI’s Top 5 Frauds of 2023
Every year, auto insurance fraud in Manitoba costs customers millions. To raise awareness, Manitoba Public Insurance is sharing its top five attempted frauds from 2023, as investigated by the Corporation's Special Investigations Unit.
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Speeding In Neighbourhoods A Major Concern
Canadians are deeply alarmed about speeding in our neighbourhoods, even as a sizeable number admit to doing it themselves, according to polling released today by the Canadian Automobile Association (CAA).
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Connected Products: Enhancing Consumers’ Lives With Technology
Connected devices have become an integral part of life for consumers, who expect vendors to take greater responsibility for sustainability issues such as e-waste and ensure stronger data protection, according to the Capgemini Research Institute's latest report.
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Provincial Oversight Of Towing Industry Takes Effect In Ontario
The Towing and Storage Safety and Enforcement Act, 2021 (TSSEA) came into effect in Ontario on January 1st, giving consumers more certainty when it comes to towing services across the province.
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Consumers Will Significantly Limit Social Media By 2025: Gartner
A perceived decay in the quality of social media platforms will drive 50% of consumers to abandon or significantly limit their interactions with social media by 2025, according to Gartner.
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