INSURANCE INDUSTRY NEWS

Duuo Launches Embedded Insurance Report 2025
Duuo by Co-operators is pleased to announce the launch of its Embedded Insurance Report 2025, based on a survey of more than 1,200 Canadians, to connect the dots between consumer preferences and the opportunities for non-insurance brands to jump into this emerging space. Read more.

RMA Joins Quotey Marketplace
Quotey is delighted to announce the expansion of its commercial insurer marketplace to include Reinsurance Management Associates (RMA) and their E&O insurance product offering to assist Canadian professionals and organizations requiring comprehensive Errors & Omissions policy solutions with quick and competitive insurance rates. Read more.

Crawford Launches SaaS InsurTech For Claims
Crawford & Company^®, a leading global provider of claims management and outsourcing solutions to the insurance industry, is pleased to announced the launch of Turvi^SM, a new insurtech company offering market-ready SaaS solutions built to create a more efficient and accurate P&C claims ecosystem. Read more.

Insurance Customers Dubious Over Rapid Adoption Of Generative AI
New research by IBM's Institute for Business Value identifies a disconnect between how insurers and their customers prioritize the use of generative AI, with industry executives focusing on experience while their clients are seeking personalized risk products and insights. Read more.

L’Unique Insurance Achieves CSIO Certification for Real Estate
CSIO congratulates L'Unique General Insurance for achieving Commercial Lines Data Standards Certification for the Real Estate industry segment. L'Unique is the first insurer to become Certified in this segment. Read more.

VOOM Launches Electric Bike Insurance
VOOM Insurance, the leading InsurTech company for the future of mobility, is pleased to announce that it has launched its insurance offering for Electric Bikes. The product is underwritten by Markel Group. Read more.

Key Drivers of Auto Claims Customer Satisfaction
Leading cloud platform CCC Intelligent Solutions Inc. has released the findings from its Moments of Truth study, identifying the key drivers of customer satisfaction and retention in the auto claims and repair process. Read more.

CHES Announces Enhanced Specialization In E&O Insurance For Accountants
CHES Special Risk, a leading provider of specialized insurance solutions, recently is pleased to announce the expansion of its Errors and Omissions (E&O) insurance products with enhanced coverage for professionals across diverse industries such as Accountants. Read more.

Motive Launches First Responder Service For Commercial Vehicle Drivers
Motive, the AI-powered Integrated Operations Platform, has announced a first-of-its-kind emergency first responder service for drivers of commercial vehicles, developed in partnership with RapidSOS to ensure immediate help in the event of a severe collision. Read more.

Manulife, WEF Announce ‘Prospering in Longevity’ Challenge Winners
Manulife is pleased to announce the winners of the Prospering in Longevity Challenge, through UpLink, the World Economic Forum's open innovation platform, and the Forum's Centre for Financial and Monetary Systems. Together, Manulife and the Forum have chosen ten winning global start-ups that have innovative approaches to preventative health care and strengthening financial wellness over longer lives. Read more.

In the InsurTech Spotlight this week:

PolicyMe
PolicyMe is a new kind of life insurance company – one that is smart, honest & personalized. We provide a platform for customers to get life insurance advice in 5 minutes under a convenient and “pressure-free” environment. Once users get a recommendation, we help them compare policies & apply online, saving them money and hassle along the way. Learn more.

Calling all InsurTechs! Click here to participate.

From Doug Digital Twins of location in Insurance (Cont’d) A geospatial digital twin is built on a foundation of geography. Such Geographic Information System (GIS)-based digital twins go beyond 3D models as they reflect change over time – showing historic, current, and future states. “Digital twins elevate traditional 3D city models to new possibilities,” according to Anders Logg, director of the Digital Twin Cities Centre at Chalmers University in Sweden. By combining real-time data with artificial intelligence, digital twins become “virtual, living mirrors of their physical counterparts”; this opens up new opportunities – such as improving risk management – by offering the capacity to “simulate everything from infrastructure and construction to traffic patterns and energy consumption,” per CNN. Using data from Internet of Things (IoT) sensors, Building Information Modeling (BIM), and GIS Systems, a digital building twin replicates virtually a physical building and associated technologies, systems, equipment, sensors, and actors. For either an individual dwelling or a larger complex such as a condominium, a digital twin can be helpful in underwriting, claims, customer engagement, risk management, etc. For auto insurance, location is a consideration – where it is housed and where it is driven. A geospatial digital twin provides a visual representation, along with data for underwriting. Doug Grant, CIP Partner Insurance-Canada.ca