INSURANCE INDUSTRY NEWS

Fletch Enables First-Ever Production Agentic Insurance Policy Purchase
Fletch Technologies Inc., the leading insurtech simplifying embedded insurance, is pleased to announce the successful execution of the first known insurance policy purchase completed end to end agentically. The transaction was completed with a leading insurer in a carefully controlled production environment, demonstrating how AI can help consumers have more transparency and a seamless experience. Read more.

Equisoft Launches AI-Powered Suite to Transform Operations Through Advanced Analytics, Automation
Equisoft, a leading global digital solutions provider to the financial services industry, is pleased to announce the launch of the Equisoft/amplify suite for life insurance carriers to accelerate business performance and agility, combining multiple AI components that work together to deliver unprecedented operational efficiency and market responsiveness. Read more.

Nearmap, Zurich Advance Property Underwriting With AI Integration
Leading commercial insurance provider Zurich North America and Nearmap, a leading global provider of property and location intelligence for insurers, have announced a strategic integration that brings Nearmap AI-enhanced data and property insights directly into Zurich's U.S. Middle Market underwriting platform. Read more.

Applied Systems Unveils Applied Insurance AI Advancements
Applied Systems® is pleased to announce the next wave of innovation within its Applied Insurance AI™ suite, delivering connected, intelligent workflows across the entire Digital Roundtrip of Insurance, from sales and marketing to policy management, submissions, servicing, and financial management. Read more.

QuickFacts Partners with Milnco to Give Brokers Easier Access to Specialty Solutions
QuickFacts is teaming up with Milnco Insurance Broker Solution Centre to provide brokers in Western Canada and Ontario with faster and more efficient access to a wide range of personal and commercial insurance products. By integrating Milnco's markets into the QuickFacts platform, brokers can now search, compare, and place risks more confidently in one centralized location. Read more.

Coalition Re Announces Live Event Response Early Detection System of Potential
Coalition Re, the world's first Active Reinsurance provider designed to help cedants prevent cyber loss, today announced Coalition Re's Live Event Response offering, an all-new reporting capability that alerts cedants about policyholders who may be exposed to an unfolding cyber event, such as a zero-day vulnerability. Read more.

Resilience Expands Techn E&O Coverage
Resilience, the leading cyber risk solution company, is pleased to announce it has expanded its appetite for Technology Errors & Omissions insurance to clients with more than $25 million revenue in the US (approximately CA$35 million). The agreement utilizes Resilience's existing coverholder partnership with Lloyd's. Read more.

Manulife Partnership Unlocks New Insurance Opportunities For Brokers
Manulife Canada and M3 Financial Group (M3) have announced a new strategic partnership that will bring Manulife's enhanced mortgage protection solutions to Canadian homeowners through M3's extensive broker networks. Read more.

CSIO Network Adds Four New Members
CSIO is pleased to welcome Insurative Solutions, PURE Insurance, Cemiar Inc. and Quotey Inc. to our growing member community. Read more.

Brokerlink Grows In Eastern Ontario
BrokerLink, one of Canada's largest property and casualty insurance brokerages, is excited to announce the acquisition of Ontario-based Hunt & Dopson Insurance, effective October 1st. Read more.

Lloyd's-Style Box, Now At Trinity
We're bringing the Lloyd's of London experience to Toronto. Instead of flying across the ocean to pitch risks at Lloyd's, you can now step into our Box at Trinity Underwriting and meet directly with underwriters. This is your chance to build stronger, face-to-face broker–underwriter relationships, close to home. Read more.

One Inc Expands Life Insurance Payments Ecosystem Through Partnership with Equisoft
One Inc, the leading payments network for the insurance industry, is pleased to announce a partnership with Equisoft, a global provider of advanced digital solutions for the financial services industry. The collaboration brings together One Inc's PremiumPay® platform and Equisoft's industry-leading life insurance policy administration solutions to deliver a frictionless, modern premium payment experience for insurers and their policyholders. Read more.

In the InsurTech Spotlight this week:

Eddy Solutions
Eddy Solutions is an industry leader in intelligent leak protection and water monitoring solutions. Our suite of smart products offers a comprehensive water management system for building operators and homeowners that protects, controls, and conserves water. Learn more.

Calling all InsurTechs! Click here to participate.

Featured job opportunities:

Senior Adjuster - Bodily Injury
SGI
Toronto, ON

Insurance Broker (French/Bilingual)
Univesta Assurances & Services financiers
Montreal, QC

From Doug Insuring Commercial Property Throughout my decades-long career, insurance businesses have been deploying technology to improve some portion of the insurance process for commercial property insurance. From the paper-based iterations between broker and customer and between broker and markets and back to customer, steps have been digitized, transformed, and automated. Noting just a few examples: • From paper by mail moved to images and data by digital connection; • From ad hoc forms to smart forms to collect all (and only) the right data; • Tools to prepare submissions, manage them and analyze quotations; • Tools to analyze and screen submissions; • Automated underwriting tools to immediately return a quotation; • Standards to improve the quality and consistency of data exchanged; • Integration with Broker Management and Underwriting systems. Each of these individually, or more-so when combined, has improved the process. The benefits are found throughout the chain, from greater customer satisfaction to improved productivity and quality for the broker to reduced workload and improved quality of underwriting for the MGA or insurer. As the next generation of tools using AI, AI agents and Agentic Systems emerge, many of the functions noted will improve and the benefits increase, again. The journey continues. Doug Grant, CIP Partner Insurance-Canada.ca