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INSURANCE INDUSTRY NEWS
BMS Re Selects Relay's F1 Platform
BMS, the independent specialist insurance and reinsurance broker, is pleased to announce the selection of Relay Platform's reinsurance solution "F1" by BMS Re in the US as its electronic placement system to support its fast-growing facultative arm.
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HX Launches Market Information Platform
HX, the data analytics and advisory division of Howden Group Holdings, is pleased to announce the launch of NOVA, a first-of-its-kind insurance business intelligence platform, enabling users to better understand the insurance market and its drivers.
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Apollo Insurance Launches New Online Products
Apollo Insurance is pleased to announce it has partnered with certain underwriters at Lloyd's of London to offer two new package products, Street Food Vendors & Mobile Vendors, available to purchase digitally.
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IMS Launches Commercial Fleet Security Solution
IMS is pleased to announce the launch of IMS Vehicle Security Solution, the industry's only fully-managed, end-to-end vehicle security monitoring and recovery solution for fleet-based organizations, such as vehicle rental, car sharing, and leasing.
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BrokerTeam Launches Goodrates Insurance
BrokerTeam Insurance is excited to announce the launch of its newest branch, Goodrates Insurance, a division of BrokerTeam Insurance Solutions Inc.
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Forest Management Reduces Fires, Premiums
The Nature Conservancy, working with Willis Towers Watson, the third largest insurance broker in the world, has published analysis that shows how ecological forest management, which reduces the risk of severe wildfires in fire-adapted forests, can be combined with insurance and significantly reduce insurance costs.
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Six Questions For A Better IT Strategy
Insurance carriers often develop IT strategies with a technical focus that either overwhelms and confuses key approvers or fails to engage the organization. In a new executive brief, research and advisory firm Novarica identifies six questions that enable CIOs to develop a more robust overall strategy, effectively communicate and justify their strategy recommendations, as well as thoroughly engage the organization.
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A Digital FNOL Market Overview
A digital first notice of loss enables the policyholder or claimant to submit a claim via multiple channels, such as an insurance company's customer portal or a mobile device, but an omnichannel user interface alone does not make for a better experience. In fact, it is imperative that the process leverages new technologies to capture information about the loss.
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Westland Acquires Huronia Insurance Group
Westland Insurance Group Ltd., Canada's largest independent Canadian-owned brokerage, is pleased to announce the acquisition of Huronia Insurance Group, headquartered in in Barrie, Ontario. Huronia represents Westland's first location in Simcoe County as it continues to expand its reach across the country.
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Westland Insurance Acquires Nuera Insurance
Westland Insurance Group Ltd. is pleased to announce the acquisition of digital brokerage Nuera Insurance, effective July 1st. Based in Calgary, Nuera Insurance is a national leader in digital insurance experience innovation and value-added partnerships.
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Agile Underwriting Solutions Acquires MGA
Agile Underwriting Solutions, owned by Westland, is pleased to announce the acquisition of Exhale Insurance, effective July 1st. Exhale Insurance is an innovative insurance MGA that has grown rapidly by adopting digital technology to deliver superior insurance products simply and conveniently to their broker partners and customers.
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TD Insurance Launches Severe Weather Alerts
With the arrival of warm, sunny weather across Canada, it is not uncommon for the summer season to bring heavy rainfall, tropical storms and other severe weather conditions. TD Insurance Home and Auto customers who want to be better prepared for this season's summer storms and active weather conditions year-round can now receive timely text alerts of incoming severe weather directly from their TDI mobile app.
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Guy Carpenter Launches Climate Advisory Suite
Guy Carpenter & Company, a leading global risk and reinsurance specialist, has announced the launch of a suite of climate advisory and modeling services, as companies look to develop and integrate robust climate change strategies into their overarching Environmental, Social and Governance programs.
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Equisoft Continues Expansion With UK Acquisition
Equisoft is proud to announce the acquisition of Altus, a UK-based financial services firm. Altus's suite of products and deep market penetration adds to Equisoft's product portfolio and expands its presence within the financial services space with a transaction platform for pension administrators and asset managers.
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Canada Aims For Zero-Emission Cars
To build a cleaner, more prosperous economy that fights climate change and creates good jobs, the Government of Canada has announced an accelerated mandatory target for all new light-duty cars and passenger trucks to be zero-emission by 2035.
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