INSURANCE INDUSTRY NEWS
Record Agency Mergers & Acquisitions In 2018
Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, according to OPTIS Partners, whose database logged a record 626 deals in the United States and Canada in 2018. There were 611 M&A deals in 2017, previously the most active year.
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Use Of Agile Development To Expand In 2019
Despite the almost ubiquitous use and relative maturity of Agile in the insurance industry, insurers continue to struggle with financial, organizational, and cultural issues that prevent their Agile adoption from leading to true transformation. In a new brief, Novarica discusses the current state of Agile, including its investment and expansion, best practices and benefits, and notable challenges.
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Reinsurers Invest In Analytics, Core Systems
The reinsurance business faces numerous challenges, including years of soft market conditions followed by sudden, sharp hardening periods; tremendous losses from man-made and natural catastrophes; and open-ended liabilities such as asbestos and terrorism, requiring reinsurers to adapt and come up with creative solutions. In a new report, Novarica provides an overview of reinsurers' business and technology issues, data about the marketplace, several examples of recent technology investments by reinsurers, and top technology priorities for 2019 and beyond.
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Opta Expands Innovations, Acquires getClarity
Opta Information Intelligence, Canada's largest property data aggregator and leading provider of property risk intelligence and loss control services, is excited to expand their suite of innovations to the Canadian Property and Casualty (P&C) Insurance industry with the acquisition of getClarity.
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Cyberboxx Solution For Transportation, Logistics
Boxx Insurance Inc., a Toronto-based insurance provider, today announced a strategic initiative to help businesses in the transportation and logistics industry stay ahead of cyber threats with its flagship Cyberboxx™ solution. This initiative is part of broader investments to create differentiated, industry-focused, and cost-effective cybersecurity and cyber insurance solutions for critical, yet vulnerable, Canadian industries.
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Petplan Launch With SPCA & Humane Society
The Ontario SPCA and Humane Society believes animals deserve the best care possible, which is why we have decided to relaunch our insurance program with the new SPCA & Humane Society Pet Insurance offered by Petplan®.
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Lloyd Sadd Acquires Alberta Brokerage PL&B
Effective January 31st, Lloyd Sadd | Navacord is pleased to announce the acquisition of Pratt Lambert & Brown, who have been serving the needs of Edmonton clients since 1949.
The Pratt Lambert & Brown announcement is the second in 2019 as the BMS Canada Construction team joined Vancouver-based Navacord Broker Partner Wylie-Crump on December 31, 2018.
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Driver Cellphone Distraction Increased By Half
Manipulating a cellphone was a contributing factor in more than 800 crash deaths on U.S. roads during 2017 amid a marked increase in the percentage of drivers observed interacting with cellphones, new IIHS research indicates. Drivers in a 2018 survey were 57 percent more likely to be manipulating a cellphone than drivers in a 2014 survey.
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Canadians Check Work Emails On Vacation
Half of Canadians say they check their office emails while travelling on vacation, and 24 per cent do so at least once each day, if not several times, according to the results of a new survey of Canadian travellers by Allianz Global Assistance Canada, a leading provider of travel insurance and assistance services.
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Seatbelts And Car Seats: SGI Says #MakeItClick
During 2018's Traffic Safety Spotlights, police reported more than 4,700 offences for failing to wear a seatbelt or not using the appropriate car seat for kids. That's why February's Traffic Safety Spotlight is on seatbelts and car seats. Police will be looking for people not wearing a seatbelt, wearing one improperly, or not having children properly secured in the vehicle.
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Launching the People's Choice Award!
The ICTA jury has voted, but now you can be a juror!
Review the contenders for the 2019 People's Choice ICTA Award, and vote for up to three.
Cast your ballet by Friday, February 22. Your vote could decide the outcome!
Discover the winners on Feb. 26 at ICTC2019 in Toronto. Follow along on Twitter: #ICTA2019.
Featured job opportunities:
Director, Property Claims
SGI CANADA Saskatoon, SK
Manager, Commercial Insurance (Mid-Market)
Unica Insurance Mississauga, ON
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