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INSURANCE INDUSTRY NEWS
World Insurance Report 2018: Capgemini
While insurance companies struggle to deliver a superior customer experience, BigTech firms are poised to enter the industry. By enhancing their digital agility and developing future-ready operating models, insurers have an opportunity to with this disruption, finds the latest World Insurance Report.
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CAA Unveils Pay-As-You-Go Auto Insurance
CAA's new insurance program, MyPace, gives motorists the choice and control they are looking for when it comes to auto insurance, empowering motorists to monitor how much they drive and pay for auto insurance based on that mileage.
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World's First Open Source Insurance Policy
Lemonade has rewritten the generations-old insurance policy, making it simple, relevant – and written in plain English. The new insurance policy 2.0 will be open for edits from the wisdom of the public in the world's first open-sourced insurance policy.
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To Be Or Not To Be InsurTech—Isn't The Question
Some five years into the InsurTech movement, one question that has most likely gone by the board is, "Is it real?" You can debate whether we are at the beginning of the InsurTech cycle or at the end, but there are several strong points in favor of the fact that it is real.
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Q1 InsurTech Deals Reach Record High
InsurTech investment deals in Q1 2018 reached a new high of 66, as transaction sizes continued to increase and the line between InsurTech funding by incumbent (re)insurers and traditional venture capital was blurred by newer ‘hybrid’ investment funds.
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Mennonite Mutual Implements MCCG Solution
Mennonite Mutual Insurance Co. (Alberta) Ltd. has become a member of the MCCG Community and commenced their Insurance Business Solution implementation project, partnering with MCCG to launch their digital transformation to provide greater benefit to their policyholders, volunteer representatives, their Insurance Advisors and their team.
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Wynward Selects ISI Enterprise
Insurance Systems Inc. is pleased to announce that Wynward Insurance Group has selected ISI Enterprise for its insurance back office operations.
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Canadian CEOs Confident On Growth, Technology
Canadian CEOs are far more bullish on their ability to harness technology and grow their business than their global counterparts, finds KPMG's 2018 Global CEO Outlook.
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Boxx Insurance launches Cyberboxx
Boxx, a new Toronto-based MGA, has launched its flag-ship product Cyberboxx™ to help make the internet a safer place for small- to medium-sized enterprises and to help them become compliant with new data privacy legislation.
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Personal Lines Core Systems For Digital Native
Insurers have made tremendous progress in core modernization, implementing new core systems and adapting to take full advantage of new capabilities. But a core system that was top-of-the-line in 2013 may be showing its age unless it has been continually upgraded to serve the capabilities needed in 2018 and beyond.
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