INSURANCE INDUSTRY NEWS
Insurance At A Crossroads For Operating Model, Technology Foundation: Majesco
Majesco is pleased to announce a new thought leadership report, Realignment in Insurance: Business Models, Products, Value-Added Services, which underlines the importance for insurers to have a strategy to transform their operating model and technology foundation to remain relevant and growing in the face of continuous change.
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Websites, Apps Driving Customer Acquisition Puts Pressure On Digital Experience: J.D. Power
Digital channels have become a critical component of the insurance shopping and service experience, and most auto insurance websites and apps are doing a good job delivering on foundational functional capabilities, but few are delivering the type of value-added services that set them apart.
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AI Fueling Job Creation, Competitive Risk-Taking: IBM
A study by the IBM Institute for Business Value has found that AI is fueling new job creation and risk-taking among surveyed Canadian CEOs as they prioritize generative AI to maintain and enhance their competitive edge in the global market while simultaneously transforming their workforce to meet new demands.
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Claim Handling Performance Emerges As Key Market Differentiator: Aon
Aon plc, a leading global professional services firm, and Mergermarket, an esteemed provider of intelligence, data, and analysis on global M&A activities, have unveiled the latest edition of their Global Transaction Solutions Claims Study.
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Applied Releases Q1 Commercial Lines Premium Rate Index Findings
Applied Systems is pleased to announce the first quarter 2024 results of the Applied Commercial Index™, the Canadian insurance industry's premium rate index.
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Wind Tre Taps Capgemini To Transform Customer Engagement Program
Capgemini is supporting Wind Tre, an Italian operator that offers connections, energy and insurance products, in its transition towards a contextual marketing automation model to implement a new “one-to-one customer engagement” approach.
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Apollo To launch Buy-Now-Pay-Later Subsidiary
APOLLO, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, is pleased to announce the creation and launch of FinShore, a wholly owned buy-now-pay-later subsidiary.
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EY Assurance Releases New Technology Capabilities
The EY organization is pleased to announce new technology capabilities and a global Artificial Intelligence Assurance framework for EY professionals as part of a multi-year, technology driven audit transformation program which is supported by plans to align approximately 9,000 Technology Risk professionals to the Assurance service line.
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Navacord Further Expands Specialization
Navacord is excited to announce their recent partnership with Vancouver-based Navis Marine Insurance Brokers, effective May 1st.
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Leadership, Benefits, Technology Risks Top Of Mind: Survey
Mercer and Marsh have released their US People Risk 2024 Report, which reveals that ineffective leadership is viewed as the biggest people risk facing organizations, followed by improper rewards decision-making, and increasing health and benefit costs.
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Allianz Partners Launches Allyz Cyber Care
Allianz Partners is pleased to announce the launch of allyz Cyber Care, a digital solution to protect users against cyber threats which compliments physical wellbeing with digital security and protection as the real and digital worlds merge to expose people to new threats.
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Insurance Struggles To Realize Analytics Benefits
According to a new survey result from WTW, companies reveal slower-than-expected progress in their efforts to implement advanced analytics, even as nearly half of insurers say they are incorporating artificial intelligence into their analytics processes.
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Summer Travel Spending Rising For 2024: Deloitte
Despite high costs and ongoing economic pressures, Deloitte's 2024 summer travel outlook report reveals that Canadians are eagerly making travel plans to make up for missed travel time.
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CAA Survey Reveals An Increase In Distracted Drivers Across Ontario
A recent survey conducted on behalf of CAA South Central Ontario indicates nearly half of Ontario drivers admit to driving distracted at one point – up four per cent compared to last year.
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