INSURANCE INDUSTRY NEWS

Coalition Announces Reinsurance Intermediary
Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, is pleased to announce the creation of its reinsurance intermediary, Coalition Re, to provide capacity for cyber reinsurance treaties and expand on its mission to protect more unprotected businesses. Read more.

Customers Favor A.I. But Automakers May Not Have Best Tech Strategy
Vehicle owners are overwhelmed with technology features that don't help or don't work, according to the results of the J.D. Power 2024 U.S. Tech Experience Index (TXI) Study, which focuses on the user experience with advanced vehicle technologies as they come to market. Read more.

Co-operators Expands Earnix Collaboration To Implement Enterprise Rating Engine
Earnix is pleased to announce that Co-operators General Insurance Company has successfully implemented the Earnix Enterprise Rating Engine as its production rating solution for homeowners' insurance. Now, Co-operators is excited to use Earnix's Ready for Guidewire accelerator to help further realize the benefits of a single pricing and rating platform . Read more.

Healthcare Company Savings With Crawford Technologies Language Translation Solution
Crawford Technologies, provider of innovative document solutions that streamline, improve and manage customer communications, is pleased to announce its AccessibilityNow® Translate has yielded substantial improvements across various metrics for a regional healthcare provider. Read more.

Marsh McLennan, Zurich Urge Action To Bridge Cyber Protection Gap
A new whitepaper from Marsh McLennan and Zurich Insurance Group highlights the critical need for greater public sector involvement to strengthen societal resilience in the event a catastrophic cyber event occurs. Read more.

Unica, CBN Partner To Strengthen Broker Support
Unica Insurance is proud to announce a new partnership with the Canadian Broker Network, Canada's largest independent broker network, underscoring Unica's continued commitment to supporting the broker channel and delivering comprehensive insurance solutions and expertise for brokers and their clients. Read more.

McFarlan Rowlands Announces Merger With Excalibur Insurance Group
McFarlan Rowlands Insurance Brokers Inc., a division of McDougall Insurance Brokers Ltd., is pleased to announce that Excalibur Insurance Group has merged with McFarlan Rowlands Insurance Brokers, effective September 1st. Read more.

Progressive Insurance Launches Purpose-Driven Initiatives
Progressive Insurance® is building upon its long-standing efforts to support its customers and the communities it serves by introducing its purpose – “We exist to help people move forward and live fully” – to drive meaningful and tangible progress on the road, in the home, and in business. Read more.

Blink Parametric Enters Africa With MAWDY
Irish Insurtech Blink Parametric and MAWDY continue their global rollout of real-time travel assistance InsurTech to the network of ceding insurers reinsured by MAWDY across sub-Saharan Africa. This latest move will offer Blink Parametric's flagship flight disruption assistance service via MAWDY's partner network to customers initially across Kenya and thereafter on a phased basis to in-country partner networks across the region. Read more.

In the InsurTech Spotlight this week:

GeoMate
GeoMate is a mapping service that uses AI to analyze near real-time accessibility and safety conditions of sidewalks. GeoMate provides safer local travel for everyone traveling by foot or wheelchair Learn more.

Calling all InsurTechs! Click here to participate.

From Doug Agentic AI focuses on decision-making. An AI agent is a software program that can interact with its environment, collect data, and use the data to perform self-determined tasks to meet predetermined goals. Humans set goals, but an AI agent can independently choose the actions it needs to perform to achieve those goals. Agentic systems, powered by advanced AI and machine learning algorithms, consist of multiple autonomous agents. They interact with other agents and systems to achieve specific goals. A simple example Process steps when a claim arrives. Check for completeness (if inadequate, flag for review); Depending on the loss, assign an adjuster; Prepare a note for the insured/claimant and send; Process the FNOL further (e.g., is the vehicle repairable or salvage?). Each step (unless flagged) could be a simple decision tree or involve an independent AI Agent. Two or more of these connected make an Agentic System, with each agent making its own decisions but improving by learning from the other agents. Equivalent potential examples abound in process streams across insurance. Doug Grant, CIP Partner Insurance-Canada.ca