INSURANCE INDUSTRY NEWS

U.S. Medical Liability Platform Achieves A.I. Automation Milestone
Indigo, the vertically integrated AI-driven medical professional liability platform, is pleased to announce a major operational milestone: 20% of all submissions are now automatically underwritten – without human involvement – through Indigo's proprietary AI platform, Lux. This achievement underscores Indigo's ability to scale underwriting capacity while maintaining efficiency and rigor. Read more.

PAL Joins Quotey Marketplace
Quotey is excited to announce the addition of PAL's Motor Truck Cargo product to its growing digital commercial insurance marketplace. Effective immediately, Canadian insurance brokers using the Quotey platform can access instant quotes for Motor Truck Cargo (MTC) coverage from PAL, one of Canada's most trusted names in transportation insurance. Read more.

Guidewire Unveils Unified Pricing/Rating Application
Guidewire is proud to introduce PricingCenter, a unified pricing and rating application enabling P&C insurers to deliver pricing changes quickly and with greater precision – adjusting rates in real time, analyzing impact before release, and responding rapidly to market shifts. Read more.

Coalition Introduces Active Privacy Protection For Wrongful Collection
Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, is pleased to introduce Active Privacy Protection, a comprehensive suite of product enhancements, coverage benefits, and industry-first research that applies Coalition's revolutionary approach to cyber risk management to privacy. Read more.

Desjardins Partnerships To Advance Virtual Healthcare
Desjardins Insurance is pleased to announce the launch of its Cancer Care Focus initiative, in collaboration with OncoHelix and Sword Health, reinforcing its commitment to deliver compassionate, accessible and personalized care to millions of plan members nationwide. Read more.

ManageWare Unveils S.O.S. Intelligence
ManageWare Solutions has been providing Bill Review, Utilization Review and Case Management technology and services to the workers' compensation industry since 2014. ManageWare now offers the market's first Single-Technology Ecosystem providing Claims Administration, Medical Bill Review, Utilization Review/Case Management and a Provider Network Management Platform integrated into a single platform. Read more.

Ryan Specialty Agrees To Acquire SSRU
Ryan Specialty, a leading international specialty insurance firm, is pleased to announce that it has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting, is a Toronto-based managing general underwriter (MGU) specializing in underwriting large-account, high-hazard property & casualty solutions. Read more.

First Onsite Acquires RBT Restoration
First Onsite Property Restoration, Canada's leading property restoration company, is pleased to announce that it has acquired RBT Restoration By Trades, a full-service property restoration company based in Kelowna, British Columbia. Read more.

CRU GROUP To Acquire of Specialty Risk & Intelligence Services
CRU GROUP is pleased to announce the acquisition of select assets of Specialty Risk & Intelligence Services (SRIS), a Toronto-based investigation firm providing corporate intelligence, claims investigations, and legal support services to insurers, law firms, and private equity clients. Read more.

Best's Review Shares Popular Articles
Best's Review has highlighted a selection of its most popular articles over the past 30 days, including “AI Model Poisoning Emerges as New Threat to Insurance Data Integrity.” Read more.

Lessons From The Louvre Heist
The recent jewelry heist at the Louvre Museum has captivated global attention, not only for the audacity of the thieves but for what it reveals about the vulnerabilities that still exist in even the most secure environments. For Canadian jewellers, the incident serves as a stark reminder that preparedness, vigilance, and adequate protection are more important than ever. Read more.

The Home Energy Management Systems Market
IoT analyst firm Berg Insight has published a new market report, The Home Energy Management Systems Market (3rd Edition), which analyzes the latest developments and trends on the home energy management systems market in Europe and North America. This study provides 180 pages of unique business intelligence, including 5-year industry forecasts, expert commentary and real-life case studies on which to base business decisions. Read more.

In the InsurTech Spotlight this week:

Resilience
Resilience is the next-generation cyber risk company that's on a mission to help make the world cyber resilient. At Resilience, we help organizations achieve cyber resilience by balancing their risk acceptance, risk mitigation, and risk transfer so they can assess, measure, and manage their cyber risk all in one place. Learn more.

Calling all InsurTechs! Click here to participate.

Featured job opportunities:

Desk Adjuster Level 2
Crawford & Company (Canada) Inc.
Edmonton, AB

Team Leader, Business Operations
Agricorp
Guelph, ON

From Doug Property & casualty insurance has always been a competitive arena, with every contestant organization forever in search of an advantage in speed, underwriting precision, quality of service, and so on. Not too many years ago, an insurance carrier would communicate with a client in-person or by telephone or mail. Everything was recorded on paper – life was simple. But innovation in one area often adds an entry on the other side of the ledger, with ever-increasing complexity – the number and value of underwriting factors, means of communications, regulations, choices, and more. Looking at the communications example, the three traditional channels remain, but new options have proliferated, including websites/portals, email, SMS, any number of social media channels, and more. (Does anybody still fax?) Not only do these options need to be implemented and supported, but because of the options, the client's capabilities must be recorded and maintained, and within those, personal preferences. Furthermore, regulations or corporate policy may stipulate which channels must be used for certain types of communications – such as delivery of a driver's liability “pink slip.” Issues arising from increased complexity abound across most parts of the business (underwriting, claims, etc.), driven by innovation in search of a competitive edge – or to at least keep up. Doug Grant, CIP Partner Insurance-Canada.ca