Monthly Archive: June 2020

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Andrew Agencies Ltd. Acquires Saskatoon Insurance Agencies

Virden, MB (June 11, 2020) — Andrew Agencies is pleased to announce its acquisition of Saskatoon Insurance Agencies, effective June 1, 2020. Saskatoon Insurance Agencies operates two locations in Saskatoon and has been serving...

National Guardian Life Insurance To Sell Certain Closed-block Businesses

Business Wire MADISON, Wis.–(BUSINESS WIRE)– National Guardian Life Insurance Company (“NGL”) today announced an agreement to sell certain closed-block businesses to Prosperity Life Assurance Limited (“Prosperity Life”). The subject businesses have combined net statutory...

NAIC Converts Summer Meeting To Virtual Only Format

Given the ongoing health challenges associated with holding large in-person meetings in the midst of the COVID-19 pandemic, the National Association of Insurance Commissioners is converting its Summer Meeting to a virtual format. A...

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Insurance companies expect increase in AI-related technology investments

While artificial intelligence is not widely in use by most financial institutions, new research by The Economist Intelligence Unit shows 86% of U.S. banks and insurance companies plan to increase AI-related investment into technology...

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ClearPay launches Vendor Payment Portal

Toronto, ON (June 9, 2020) – ClearPay, the leader in automating payment settlements and reconciliation for the insurance industry, is pleased to announce that it is extending payment services for vendors to brokerages in...