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INSURANCE INDUSTRY NEWS
Applied Systems Canada Achieves CSIO eDocs Certification
CSIO congratulates Applied Systems Canada (Applied) on achieving CSIO's eDocs Certification. Applied has confirmed that all 40 updated eDocs codes and descriptions have been implemented in both their Broker Management System (BMS) platforms, Applied Epic and Applied TAM, for personal and commercial lines.
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Consumers Support Technology Investments To Improve Severe Weather Claims Experience
A new survey reveals a shift in consumer priorities, emphasizing that cost is no longer the greatest driver for policy selection. Insurity's 2024 Severe Weather Consumer Pulse Survey highlights the value consumers place on the technology their insurance providers use to offer a better experience during severe weather events.
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Ontario’s Most Flood-Prone Cities Revealed
MyChoice, a leading insurance comparison platform in Canada, has conducted a study to identify the areas in Ontario most vulnerable to flooding and to evaluate current and future infrastructure projects implemented by the government to mitigate flood risks and improve preparedness across the province.
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Canadian FinTech Investment Hits New High
Two large private equity buyouts propelled the total value of investments in Canadian fintechs to a new high in the first six months of the year amidst a broader persistent slump in Canadian and global investment, according to KPMG International's H1'24 Pulse of Fintech report.
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Insured Losses From Jasper Wildfire Revealed
The devastating wildfire in Jasper, Alberta, which began on July 22, damaged or destroyed a significant amount of property, making it the second most expensive wildfire in Alberta's history ranked by insured losses.
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HazardHub Provides Critical Wildfire Risk Maps
As wildfire season continues to impact the western United States, Guidewire is pleased to announce the availability of critical data and maps detailing wildfire risk at the national, state, and local levels. This service leverages more than 1,000 data points and HazardHub risk scores for climate risks and extreme weather events.
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Acera Insurance Continues Expanding In Ontario
Acera Insurance Services Ltd. is pleased to welcome its newest partner, Pacific Insurance Brokers Inc., of Richmond Hill, Ontario. This is Acera Insurance's fifth partnership deal in Ontario in 2024 and marks its continued expansion in the Greater Toronto Area.
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CBN Names Underwriters Of The Year
Canadian Broker Network, Canada's leading network of independent insurance brokers, is pleased to announce its 2024 Underwriters of the Year.
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In the InsurTech Spotlight this week:
Optimity
Optimity is a digital engagement and acquisition solution for life insurance companies. We provide a health rewards program to policyholders that incentivizes them to improve their daily health routine. We have the largest set of consumer wellness data, which allows carriers to make targeted offers to qualified individuals.
Learn more.
Calling all InsurTechs! Click here to participate.
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