INSURANCE INDUSTRY NEWS
Time to Replace Your Legacy Billing System?
Answering these five questions could help your organization assess the gap between your current capabilities and the efficiencies and customer experience gains possible with modern billing systems.
Economical Moves Closer To Demutualization
The process for the conversion of Economical Insurance from a mutual company to a share company has reached a major milestone; the Ontario Superior Court of Justice has appointed members to serve on policyholder committees, which can now begin to negotiate the allocation of financial benefits resulting from the demutualization of Economical.
Huge Spending on Digital Transformation: IDC
A new update to the Worldwide Digital Transformation Spending Guide from International Data Corporation (IDC) forecasts worldwide spending on digital transformation (DX) technologies to be more than 1.2 trillion USD in 2017.
Growth Strategies Can Advance Digitalisation
Willis Towers Watson's latest report, carried out in conjunction with Mergermarket, investigates merger and acquisition trends in the insurance sector, based on a survey of 200 senior-level executives.
Hub Purchases Assets From Claude Picard
Hub International Limited has announced that Hub Quebec has purchased certain assets from Claude Picard. Claude Picard will join Hub Quebec, bringing with him a commercial line book of business.
Policy Works & AEGIS Renew Partnership
Policy Works and AEGIS London have renewed their Canadian strategic partnership for 2017 to provide a platform to help coverholders quote, bind, and issue and upload policies to the Lloyds Canada System.
US-Reports And Canadian Reports To Merge
H.W. Kaufman Financial Group has strategically combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm. The merger will continue their global presence and allow a single source for loss control inspection, premium audit, and risk mitigation services under the Afirm brand.