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CORE INSURANCE

Canadian Institute of Actuaries | July 07, 2022

A new statement from the Canadian Institute of Actuaries (CIA), Big data and risk classification: Understanding the actuarial and social issues, says that using big data derived from new technologies can contribute to the healthy functioning of insurance markets. Insurance companies establish different classes of risks to determine the availability and pricing of insurance coverage. This ensures that policy owners have coverage that appropriately matches their level of risk....

CORE INSURANCE

Relation Insurance Services | November 17, 2022

Relation Insurance Services, Inc. (“Relation”) acquired the assets of Garrity Insurance (“Garrity”). The transaction went into effect on November 1, 2022; terms of the transaction were not disclosed. “We joined Relation knowing that this partnership would enable us to better serve our customers, Partnering with Relation will allow us to tap into great resources of specialized expertise and a broad network of carrier relationships to trul...

INSURANCE TECHNOLOGY

PolicyMe | November 08, 2022

Toronto-based Insurtech PolicyMe announces the launch of a new Critical Illness Insurance product that offers the most complete coverage in Canada. In partnership with and underwritten by Canadian Premier Life Insurance Company (“Canadian Premier”), this new product covers 44 conditions—10-15 more than the average Canadian insurer. This launch follows PolicyMe’s Series A announcement and will complement their existing core Term Life Insurance offering, enabling Canadians ...

INSURANCE TECHNOLOGY

Shift Technology | July 22, 2021

Shift Technology, a provider of decision automation and optimization solutions for the global insurance industry, announced today the launch of Shift Claims Automation on Salesforce AppExchange, giving insurers and agents more options for settling simple claims without the involvement of claims handlers or loss adjusters. Giving insurance firms' customer service representatives the tools, information, and expertise they need to assist resolve claims more quickly and correctly is one of the m...