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INSURANCE INDUSTRY NEWS
Insurance Trends: Globe Special Feature
Rapidly evolving technology carries a number of implications for the insurance industry. While technology advancements continue to produce challenges, they are also sources of valuable tools for day-to-day business operations.
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Gore Mutual Launches Digital Sales API
Gore Mutual Insurance Company has announced the launch of its Digital Sales API (Application Programming Interface), enabling brokers to quote, bind and issue Gore Mutual products directly from their own website or mobile app.
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CSIO Names Broker Technology Leaders
The Centre for Study of Insurance Operations is pleased to announce that it has identified 150 brokerages across the country as CSIO Technology Leaders.
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Emerging Tech in P&C Insurance: SMA
SMA's latest research report, Emerging Tech in P&C: Insurer Strategies and Plans Through 2020, yields insights about insurer strategies, plans, investments and expectations for 13 key emerging technologies.
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Empire Life & Symbility Pilot Drug Program
Symbility Health and Empire Life have launched a pilot program with a select group of Symbility's Third-Party Administrator partners to provide a fully insured drug product through Empire Life.
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Chatbots Offer Benefits But Don't Replace People
In a new brief, Novarica surveys of chatbot technology – a low-cost, low-touch modern channel for customer interaction that will only become more common as the underlying technologies mature.
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Robotic Process Automation Here To Stay
Robotic process automation RPA is the use of software and algorithms to simulate human actions in existing systems; it boasts considerable value as a short-term fix for poorly integrated platforms.
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Tech Adoption Divides Insurance Industry
Valen Analytics, an Insurity company, has published its 2018 Outlook Report, which chronicles the deepening divide between insurance companies adopting incremental technological advances and those aiming to disrupt the insurance ecosystem.
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SMEs Expect To Soon Buy Insurance Online
A growing number of small businesses say they are looking to interact with their insurers online, with nearly half saying they will buy online within five years.
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Analytics In Life Insurance: Case Studies
Aite Group's latest report unveils case studies on life insurance analytics projects taking place at various carriers across the world and highlights the potential benefits of using analytics.
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CCC Launches Connected Data Exchange
CCC Information Services Inc. and its affiliates have announced the general availability of CCC™ X, a data exchange that helps convert connected data into actionable insights and makes it available for use across the CCC network.
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Sedgwick To Acquire Cunningham Lindsey
Sedgwick Claims Management Services Inc. has signed an agreement to acquire Cunningham Lindsey, a global loss adjusting, claims management and risk solutions firm.
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McDougall Acquires Mink Insurance Services
McDougall Insurance is pleased to announce it has merged with Mink Insurance Services Ltd., effective December 1st, enhancing McDougall's reach in Eastern Ontario and providing the company with a foothold in a new area.
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Petley-Hare Acquires Emmerson Insurance Brokers
David Hare, President of Petley-Hare Limited and on-line insurance broker Insurance Jack, is pleased to announce the acquisition of Emmerson Insurance Brokers in Port Perry, Ont.
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Fort Insurance Group Benefits, ABZ To Merge
Fort Financial Group Inc. is pleased to welcome its new broker partner, Montreal-based Assurances ABZ.
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IIHS Grants Top Safety Pick Award To 62 Vehicles
Just 15 vehicles qualify for the Top Safety Pick+ award from IIHS after the requirements were strengthened to include good-rated headlights and acceptable passenger-side protection in small overlap front crashes. Another 47 vehicles earn the Top Safety Pick award.
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Making Ont. Auto Insurance More Affordable
Ontario is introducing the Fair Auto Insurance Plan to make auto insurance more affordable, address fraud in the system, and put victims first.
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Auto Theft Down In Most Major Cities
Insurance Bureau of Canada has published its annual ranking of the most frequently stolen vehicles. Once again, Ford trucks and high-priced SUVs feature prominently.
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