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INSURANCE INDUSTRY NEWS
Consumers Want Humanized Experiences With Insurance
Duck Creek Technologies, the intelligent solutions provider defining the future of P&C and general insurance, has proudly published its second annual Global Consumer Insurance Insights benchmark survey, which reveals strong demand from global consumers for humanized insurance purchasing, switching and communication experiences through digital channels.
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Sonnet Partners With Tangerine Bank
Tangerine Bank, Canada's leading digital bank, and Sonnet Insurance, Canada's first coast-to-coast fully online home and auto insurance company, have teamed up to provide simple, transparent, and customized home and auto insurance, exclusively for Tangerine Clients.
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Major Players Launch Digital Identity Whitepaper
Beneva, Desjardins, IDLab and KPMG have joined forces to publish a white paper with the objective to develop a common understanding of digital identity in order to answer basic questions that citizens, consumers and business leaders may have and to promote its integration into everyday life.
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JSON API Standards Published For Three More Use Cases: CSIO
CSIO is pleased to announce that the InnoTech Advisory Committee and API Working Groups continue to make headway, publishing API Standards in JavaScript Object Notation (JSON) for three more use cases: deletion of coverage, policy cancellation, and creation of first notice of loss. These use cases cover four lines of business: personal automobile, habitational, Individually Rated Commercial Automobile, and Commercial General Liability.
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InsurTech Ohio Partners With InsurTech Canada
InsurTech Ohio and InsurTech Canada are pleased to announce a partnership to establish a pipeline for startups to enter the US market. Ohio will become the exclusive landing spot for these companies, providing them with connections to resources, networking events, advisors, and capital to continue to grow.
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BrokerLink Acquires Woodmar Insurance
BrokerLink is pleased to announce it has completed its acquisition of Burlington-based T.K. WoodMar Insurance & Financial Group Inc., effective June 1st.
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Assuris Upgrades Policyholder Protection
Assuris, in partnership with its member life and health insurance companies, is pleased to announce higher levels of policyholder protection. Assuris's mission is to protect Canadian policyholders if their life and health insurance company fails.
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A.I. Cited As Reason For Job Losses In May
Nearly 4,000 people in the U.S. tech industry lost their jobs in May because of artificial intelligence, marking the first time layoffs have been directly attributed to AI, according to a monthly report from Challenger, Gray & Christmas. At the same time, AI is creating new jobs.
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Quadient Inspire Release 16 Offers New Customer Experience Possibilities
Quadient is pleased to announce Quadient Inspire Flex Release 16, the latest advancement of its enterprise omnichannel CCM software solution. The release adds new features and capabilities designed to help organizations advance their cloud strategy, automate omnichannel orchestration and improve operational efficiencies and employee productivity while delivering a better total customer experience across channels.
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Business & Technology Trends: Specialty Lines
The specialty market requires significant operational flexibility to accommodate a wide variety of risks and meet the needs of the insurer and the insured. Specialty insurers are prioritizing cloud data warehouses, reporting tools, and data science investments to optimize their portfolios and improve underwriting, according to a new report from Aite-Novarica Group.
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Definity Partners With Green Communities Canada To Support Local Climate Resilience
Definity Financial Corporation is proud to announce a new partnership with Green Communities Canada in support of the Living Cities Canada Fund, an initiative that provides local partner organizations across the country with training, funding, and logistical support to engage their community and implement green (natural) infrastructure projects where they are needed most.
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Young Canadians Lack Investing Confidence: Co-operators
Younger Canadians are feeling uneasy about investing, according to a new survey of Canadians aged 18-44 by Co-operators which uncovered that only one quarter are confident in their ability to choose investment opportunities that will make money. Nearly half say they feel like they don't have enough money to invest.
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