INSURANCE INDUSTRY NEWS
Individuals Unprepared For Cyber Risks: Chubb
Most Canadians are underestimating (or completely unaware of) common cyber threats targeting their personal information across social media sites and through internet-connected devices from laptops and voice assistants to smart appliances, according to the results of the 2018 Chubb Cyber Risk Survey.
Read more.
Zurich Launches New Cyber Insurance Policy
Zurich Insurance has launched its new cyber insurance policy with an updated form designed to help businesses protect themselves from cybersecurity risks. Zurich is the first insurer to include network security monitoring and pre-breach services as part of its cyber insurance policy.
Read more.
Marsh Expands IBM Blockchain Collaboration
Marsh has announced it is expanding its collaboration with IBM to provide clients with wider access to the industry’s first commercial blockchain solution for proof of insurance. Leveraging IBM's Blockchain Platform and relationship with Salesforce, Marsh will work to extend its commercial proof of insurance blockchain solution to be directly accessible to Marsh clients through the Salesforce Platform.
Read more.
Life & Health Insurance Shows Strong Growth
The Canadian Life and Health Insurance Association (CLHIA) has released the 2018 Edition of Canadian Life and Health Insurance Facts. This year's “factbook” shows that the demand for life and health insurance products continues to grow in both domestic and international markets.
Read more.
Manulife Partners On A.I. With UWaterloo
Manulife is pleased to announce a four-year partnership with the Waterloo Artificial Intelligence Institute at the University of Waterloo. This investment will support Artificial Intelligence research in disability claim prediction as well as fraud detection and natural language comprehension in customer service.
Read more.
Insurer Communications With Customers: SMA
We observe that many people never answer voicemail, ignore emails, and throw away postal mail without even looking at it. Yet email, phone calls, and documents in the mail dominate insurance industry communications with our policyholders, agents, claimants, and others. SMA's new research report explores how communications have evolved, how insurance is using these options (or not), and what it all means in an omni-channel environment.
Read more.
ISO Launches Property Solution For Millennials
ISO, a Verisk business, has launched a new personal inland marine solution to help insurers meet the personal property coverage needs of millennials and other consumers who may not stay in one place for long. The new Your Belongings solution enables insurers to offer coverage on personal possessions for policyholders while anywhere in the world.
Read more.
Manulife Launches Goals-Based Investing
Manulife has launched an innovative goals-based investing tool powered by advanced data analytics and a liability-driven investing strategy. Manulife Goals-Based Investing (GBI) is a unique program that uses variables such as age, income, health factors and postal code to help customers get a clearer picture of the income they may need at retirement.
Read more.
Wawanesa Mutual Insurance Selects TechCanary
TechCanary, provider of a cloud-based, analytics-driven insurance solution, is pleased to announced Wawanesa Mutual Insurance Company has selected the TechCanary Broker Management System. Wawanesa, the largest P&C insurer in Canada with 100% broker distribution, will use TechCanary to help manage their broker relationships.
Read more.
CMIC Selects ISI For Core System Transformation
Insurance Systems Inc., a provider of enterprise software solutions to the property and casualty insurance industry, is pleased to announce that Connecticut Medical Insurance Company has chosen to implement ISI Enterprise for its insurance operations.
Read more.
Online Enrolment For Group Insurance Plans: iA
iA Financial Group continues to innovate by launching an online enrolment tool for new group insurance clients that offer a traditional plan to their employees. It is proud to be among the first insurers to offer a paperless solution for this type of plan.
Read more.
Betterview Adds Building Permit Info
Betterview, which is quickly becoming the platform essential to every transaction around buildings and properties, has announced it has added building permit information to Property Profile. This information is now available for commercial and residential buildings throughout the United States.
Read more.
GDPR Indications For Data Governance, Security
While the General Data Protection Regulation is specific to the European Union, any firms that do business in the EU must be familiar with the law's provisions and take the necessary steps to comply. In a new brief, Novarica examines GDPR provisions and compliance concerns for North American insurers.
Read more.
|