Resilience inspires optimism in the insurance industry

Regardless of persevering with market volatility and uncertainty, we’re essentially optimistic about the way forward for the insurance coverage business, which has demonstrated resilience by means of the pandemic and within the face of inflation, losses, and reserve capital requirement headwinds.  As COVID-19 turned a worldwide pandemic in March 2020, the ensuing financial slowdown precipitated … Read more

How sustainability and workforce transformation inspire innovation

The current 2024 Qorus-Accenture Innovation in Insurance coverage Awards are a robust, sensible illustration of the developments shaping the insurance coverage business. Sustainability and workforce transformation have gotten central to insurers for retaining relevance in a altering market. Insurers must embed sustainability into their technique and worth proposition, and so they should embrace workforce transformation … Read more

Insurance News: Cloud connectivity in an evolving risk landscape

With all of the connectivity that cloud allows, and complicated dynamics at play in figuring out who has the duty to course of and defend PII, insurers must work with their ecosystem companions to guard the info of their clients and workers. On this Insurance coverage Information Evaluation, we have been delighted to welcome Aaron … Read more

Reaching new insurance customers with insurtech innovation

Over the previous few years, the Insurtech sector has established itself as a significant catalyst for innovation within the insurance coverage trade. Insurtech is a time period that includes a brand new group of technology-based start-ups which might be disrupting the insurance coverage trade. Agile, technology-centred and adaptive to rising buyer wants, they fulfil an … Read more

How customer experience drives growth for life insurers

Buyer expertise generally is a aggressive differentiator for all times insurers, and lots of of them are making strategic investments in buyer expertise throughout the enterprise to bolster enterprise development. These investments in folks and expertise are offering the 360-degree view of their prospects that’s wanted to uncover new alternatives. On the similar time, they’re … Read more

The best life insurance in Canada for 2023: Your complete guide

Life insurance coverage highlights The very best life insurance coverage in Canada: Your full information By Lisa Hannam on August 15, 2023Estimated studying time: quarter-hour Twenty-two million Canadians have life insurance coverage, in accordance with a 2022 report from the Canadian Life and Well being Insurance coverage Affiliation (CLHIA). The most important explanation why we … Read more

Insuring the programmable world

As we transfer into a brand new section of innovation after the disruption brought on by the COVID-19 pandemic, insurers have to sit up for decide what their expertise priorities must be at present. Our 2024 Expertise Imaginative and prescient report focuses on the enlargement of the digital world and the growing overlap between bodily … Read more

What is tenant insurance? – MoneySense

What’s tenant insurance coverage?  Tenant insurance coverage is a type of residence insurance coverage that protects renters and their private belongings from theft, hearth loss and different frequent dangers. If one thing occurs to the possessions in your property, tenant insurance coverage covers the price of changing or repairing them. It additionally protects renters towards … Read more

The case for composable architecture in insurance

Throughout the insurance coverage trade, we perceive that in an effort to stay related and retain market share we have to be agile, progressive and undertake new applied sciences. From a technical standpoint, which means insurers want to have the ability to adapt their enterprise structure rapidly and sustainably in an effort to reinvent themselves … Read more