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INSURANCE INDUSTRY NEWS
Risk Readiness At Lowest Level In 12 Years: Aon
Economic and global trade concerns are challenging organizations' ability to invest adequately in preparing for and protecting the continuity of their operations, according to findings from Aon's 2019 Global Risk Management Survey.
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Reinsurers Resilient Despite Heavy CAT Losses
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches the latest edition of its Aon's Reinsurance Aggregate (ARA) report, which analyses the 2018 financial results of 23 major reinsurers whose aggregated results are regarded as a reasonable proxy for the sector as a whole.
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Opportunities For Risk Managers: Marsh/RIMS
Risk managers are operating in an environment rich in data that, when combined with growing alternative risk solutions, can result in more robust risk finance strategies and more resilient organizations, according to a new Excellence in Risk Management report by Marsh and RIMS. But a general lack of understanding of available alternative risk solutions and effective use of data and analytics are hindering many risk professionals from harnessing the opportunities.
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Willis Towers Watson Launches Risk Advisory
Willis Towers Watson has launched a new advisory capability to help CFOs and risk managers reduce volatility and minimize their total cost of risk. Connected Risk Intelligence is a single source for financial executives to establish optimal risk strategies across their organization through a portfolio approach to risk.
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Tesla Partners With Markel On Car Insurance
Tesla will launch an insurance program for its drivers via a partnership with State National Insurance Company, a subsidiary of Markel Corporation, according to a filing with the California Department of Insurance.
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Lloyd's Reveals Bold New Strategy For Its Future
Lloyd's has unveiled a bold new strategy with a number of transformational initiatives that could shape the future of the world's (re)insurance market. The proposals are focused on delivering higher quality risk protection for the market's customers. They also offer ways to simplify access to the global insurance market, together with lowering costs of doing business at Lloyd's.
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Capgemini And Majesco Become Alliance Partners
Capgemini has signed an alliance partner agreement with Majesco, a global leader of core insurance software for insurance business transformation. In the agreement, Capgemini will bring its extensive insurance innovation, customer service and digital capabilities to the Majesco Life & Annuity and Group Core Suite, helping carriers to achieve speed to value.
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Marketing Strategies To Uncover Target Audiences
While marketers today are faced with ever-growing challenges when it comes to uncovering and targeting key audiences, Gartner, Inc. has identified three key strategies for marketers to better identify and engage their target audiences.
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FIRST Canada Announces Request Pay
FIRST Insurance Funding of Canada, the industry leader in payment solutions, in collaboration with Kixpay, has announced the launch of Request Pay, a broker-initiated payment request that gives brokers even more control over their payment process.
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Sedgwick Expands CAT Solution Portfolio
Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, has announced the launch of its expanded portfolio of catastrophe solutions across the globe.
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Easy Telematics Solutions For Commercial Carriers
Zendrive offers an easy-to-use mobile-phone-based telematics solution for measuring, analyzing, and improving driver behavior with automatic trip detection and analysis. The firm features the largest and fastest-growing data set of driver behavior in the world and combines that with artificial intelligence and machine learning to yield a comprehensive telematics solution for insurers, fleet managers, and consumers.
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PrecisionHawk Adds AI, ML To Aerial Data
PrecisionHawk, Inc., a leading provider of drone technology for the enterprise, is pleased to announce PrecisionAnalytics Agriculture, an aerial mapping, modeling, and agronomy platform purpose-built for precision agriculture using the latest generation of A.I. and analytics tools.
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IT Outsourcing Value Tied To Optimization
IT outsourcing can be an effective way to staff transformational projects and meet capacity needs, but it's neither a silver bullet nor a simple process. In a new report, research and advisory firm Novarica presents data from a recent study of 71 insurers on their utilization, plans, challenges, and goals.
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Swyfft Selects CoreLogic's Symbility Platform
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, is pleased to announce that Swyfft has selected CoreLogic's Symbility® platform to aide their team through their data driven claims process. Swyfft provides fast and friendly homeowners insurance, through their patented analytical methods and unique data sources. From lightning-fast quotes to hassle-free claims servicing, Swyfft is committed to providing the very best customer service experience in the industry.
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IBM Partners To Accelerate Quantum Computing
IBM has announced the expansion of the IBM Q Network to include a number of global universities with the intent to partner with IBM to accelerate joint research in quantum computing, and develop curricula to help prepare students for careers that will be influenced by this next era of computing, across science and business.
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Vehicle-Subscription Service To Launch In U.S.
Enterprise Holdings is pleased to announce it will launch the U.S. car rental industry's first vehicle-subscription service this month.
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BrokerLink Makes Double Acquisition
BrokerLink is pleased to announce the acquisitions of personal and commercial insurance provider Nicolet Insurance Ltd., based in northern Alberta, and of Guelph-based Amplex Insurance Brokers Ltd., effective March 1, 2019.
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Hub Acquires Assets Of Kelliher Agencies
Hub International Limited, a leading global insurance brokerage, is pleased to announce today that it has acquired the assets of Saskatchewan-based independent insurance brokerage Kelliher Agencies. Terms of the transaction were not disclosed.
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CSIO Welcomes Software Vendor ProNavigator
CSIO is pleased to announce the addition of ProNavigator as its newest vendor member. Founded in 2016, Waterloo-based ProNavigator empowers property and casualty insurers and brokers to better support customer interactions through practical applications of artificial intelligence.
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Peel Mutual Selects Deloitte's InsurCloud
Peel Mutual Insurance Company, one of the largest members of the Ontario Mutual Insurance Association, is pleased to announce it has selected Deloitte and its InsurCloud solution as its new policy, billing, and claims administration system with continued application management support.
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FSCO Warns Over Unlicensed Insurance Agents
The Financial Services Commission of Ontario (FSCO) is warning consumers that Andrew Burrows-Trotman and Owais Shaikh are not licensed to conduct insurance business in Ontario.
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Canada's Spring Floods, By The Numbers
Flooding has forced thousands of Canadian residents from their homes as spring brings severe flooding in communities across the country. Water has risen to historic levels in Ontario, Quebec and New Brunswick, and some of the statistics are startling.
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Flooding & Overland Water Insurance
With ongoing severe flooding affecting Canadians across the country, Aviva Canada has shared information relating to flood and overland water insurance, with tips to help homeowners reduce their risks.
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Protect Your Property From Severe Weather
As incidents of severe weather increase in frequency and severity, IBC is advocating to all levels of government to invest in mitigating the impact of climate change and building resiliency against its damaging effects.
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Helping Canadians Adapt To Climate Change
During the Nature Champions Summit, Intact Financial Corporation announced a substantial commitment to 16 Canadian charitable partners focused on protecting Canadians across the country from the impacts of climate change.
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National Effort To Build Wildfire Resilience
Starting this past weekend, 125 communities across Canada joined a national effort to reduce wildfire risk to local homes and environments in anticipation of wildfire season.
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How Distracted Are Distracted Drivers?
At the end of April's Distracted Driving Awareness Month, GEICO urges drivers to learn the risks associated with distracted driving.
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