Insurable Interest Canadian Insurance Blog

Crawford Technologies Partners with Docuvela to Support the Storage and Management of Customer Communications in a Native Cloud-based Solution Toronto, ON (June 12, 2024) – Crawford Technologies, a provider of innovative document solutions that streamline, improve and manage customer communications, is pleased to announce it has entered a strategic partnership with Docuvela, an emerging innovator of cloud-based document management and content services. Crawford Technologies has partnered with Docuvela because of the company’s modern approach to storing data and content that simplifies integrations with line of business applications, AI tools and other modern technologies. Docuvela will benefit with the ability to integrate Crawford Technologies’ full suite of customer communications management solutions into its current offerings delivered via a comprehensive, innovative cloud-based solution. The partnership is integral to Crawford Technologies’ ongoing commitment to developing innovative technology solutions that address the document management challenges businesses are facing today. As organizations struggle to maintain control of their on-premise legacy systems and associated costs, having the ability to move data to a secure native cloud-based location, coupled with the ability to optimize and manage documents, allows them to regain ownership of their content and reduce the complexities and cost of managing siloed systems. “Many organizations...

Calgary, AB (Jun. 12, 2024) – Trufla, one of Canada’s top broker technology providers, is proud to announce a transformative partnership with SEH Computer Systems Inc., a specialist in tailored software solutions for the property and casualty insurance sector. This alliance leverages SEH’s Titan system, and Trufla’s innovative truMarket platform. Together, they will enhance the digital distribution of insurance products, streamline operations and improve access for brokers and agents. By integrating Trufla’s truMarket platform with SEH’s system, this alliance will transform the way insurance products are accessed and delivered, enabling a faster, more streamlined digital distribution process. This integration is set to empower brokers and agents with real-time access to insurance products and rates, facilitating better service to end consumers. Sherif Gemayel, Trufla’s CEO, highlighted the importance of this partnership, stating, “Combining our truMarket product distribution technology with SEH Computer Systems, we are set to revolutionize the distribution landscape, providing brokers and agents with tools they need to succeed in today’s digital-first environment.” Mark Ross, CEO of SEH Computer Systems added “We are excited to be partnering with Trufla to address the long-standing challenges of fully integrating the experience between brokers, agents and carriers.” This partnership brings mutual carriers onto...

67% of leaders surveyed say that the risk landscape is now ‘many times more complex’ than it was just three years ago at the height of the covid crisis. Complicated and often contradictory global regulatory risk cited as a major obstacle to corporate growth. ‘Fear of missing out’ on Artificial Intelligence (AI) is prompting a ‘gold rush’ mentality around the disruptive technology. Attracting and retaining talent, particularly from overseas, has become increasingly difficult and more costly. London, UK (Jun. 14, 2024) – A perfect storm of increased economic volatility, geopolitical upheaval and the disruptive force of AI has driven the corporate threat level to its highest in 12 years, according to Clyde & Co’s annual Corporate Risk Radar. The survey of C-Suite decisionmakers, in-house legal teams and General Counsel, conducted in partnership with research consultancy, Winmark Global, found that escalating threats on multiple fronts are creating a ‘polycrisis’ of risk. This is having a dramatic impact on corporate decision-making. Risk caution is estimated to be costing as much as 5% of corporate revenues, with more than a quarter of respondents saying that risk perception was stymying ‘bold decision making’. Top risk rankings Economic risk – inflation, interest rates and currency...

Non-profit provides free science-backed Hurricane Ready guide to help homeowners prepare Richburg, SC (June 11, 2024) – With an active hurricane season forecast for 2024, the Insurance Institute for Business & Home Safety (IBHS) encourages homeowners to act now to reinforce their properties against severe weather. IBHS researchers have identified the roof and garage doors as the areas of homes particularly vulnerable and most important to strengthen to withstand storms. These two home improvements top the nonprofit’s Hurricane Ready guidance, which also includes DIY maintenance projects and tips to complete now and last-minute storm prep. “The number one goal is to stop cascading damage,” said IBHS Chief Engineer Dr. Anne Cope. “When rain, wind and storm pressure enter a home, damage that starts out as relatively minor escalates quickly and often forces families out of their homes for extensive home repairs. That’s especially disheartening because we now know this is largely preventable.” IBHS testing shows asphalt shingles, particularly as they age, can dislodge in winds as low as 60 mph. Once the roof cover is lost, rain can pour into a house through the gaps in the wood roof decking. “Our research estimates the equivalent of nine bathtubs of water can enter a home...