INSURANCE INDUSTRY NEWS
Cyber Event Tops Allianz Risk Barometer
Cyber incidents such as ransomware attacks and data breaches are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer. Business Interruption is the second-highest ranked risk, followed by Natural Catastrophes, the latest compilation reveals, based on the insights of more than 3,000 risk management professionals.
Read more.
Hub International Launches Property Practice
Hub International Limited is pleased to announce the launch of the HUB Property Practice. The practice brings together Hub's extensive group of Property specialists throughout North America to provide clients with tailored risk management and insurance solutions to better address complex challenges in the commercial insurance property market
Read more.
OnStar Insurance Rebrands As General Motors Insurance
GM Financial has announced that its OnStar Insurance brand will undergo a transformation to General Motors Insurance, beginning this month.
Read more.
LexisNexis Launches Flyreel U.S. Commercial Property Insurance Solution
LexisNexis® Risk Solutions is pleased to announce the availability of Flyreel®, an advanced property survey solution delivered through an industry-leading user experience that equips carriers with actionable data using AI-driven insights to help carriers assess property risk.
Read more.
Foxquilt, Markel Announce Strategic Collaboration
Foxquilt, a leading North American company specializing in embedded small business insurance technology, is thrilled to announce a strategic and long-term capacity relationship with global specialty insurance provider, Markel. This meaningful collaboration spearheads embedded insurance innovation for more small business owners, agents/brokers, and enterprise partners across North America.
Read more.
Mitch Insurance Expands Ontario Presence With Inaugural Branch
Mitch Insurance is pleased to announce the opening of its first branch in Kingston, Ontario. Mitch Insurance Kingston will specialize in providing commercial lines coverages, but the brokerage also offers a full suite of personal lines products to its clientele.
Read more.
Relay Joins Guidewire InsurTech Vanguards
Relay Platform, the innovative multi-carrier insurance platform, is pleased to announce it has joined Guidewire's Insurtech Vanguards program, an initiative led by P&C cloud platform provider Guidewire, to help insurers learn about the newest insurtechs and how to best leverage them.
Read more.
Blink Launches InsurTech Solution with MAWDY Ireland's InsureandGo Travel Insurance
Blink Parametric is pleased to announce it has extended its partnership with MAWDY Ireland, rolling out the Blink Parametric flight disruption solution across the MAWDY Ireland InsureandGo travel insurance brand to make the solution accessible directly to consumers.
Read more.
Global Tech Spend To Grow This Year: Forrester
Forrester's Global Tech Market Forecast 2023-2027 reveals that as economic conditions continue to improve, technology spend will grow 5.3% in 2024 — up from 3.5% in 2023.
Read more.
ICTA NOMINATIONS
Using IoT to Reduce Construction Risks: Brickeye
The deployment of Brickeye's job site IoT platform enables real-time alerts and automated loss controls that mitigate water damage during construction, reducing insurance costs and protecting project margins for insureds, while maintaining healthy loss ratios for insurers.
Read more.
Managing Cyber Risk: Resilience
Cyber risk is a concern to virtually all organizations, but their IT security and risk management teams need help keeping up; they require greater cyber risk visibility, a plan to improve security practices, and cyber insurance that matches their organizational needs. The Resilience Solution provides an efficient way to achieve all three, delivering advanced cyber risk visibility and actionable cyber hygiene with accountable cyber insurance.
Read more.
Improving Auto Collision Reporting Centres: ASSI
Accident Support Services International Ltd. has established a Collision Reporting Centre Program that meets the needs of many industries for post-collision care.
Read more.
Digitally Transforming A Mandatory Insurance Process: TD Insurance & Symcor
TD Insurance, in partnership with Symcor, conceptualized, built and launched Policy Assist Central in August 2023 to digitize the delivery of insurance industry-regulated communications, reduce costs associated with printing & postage, help streamline insurance policy processes, and contribute to reducing the insurance industry's environmental footprint.
Read more.
|