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The Bicycle Telematics Market: Berg Insight report 0

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The Bicycle Telematics Market: Berg Insight report

Gothenburg, Sweden (Feb. 10, 2025) – IoT analyst firm Berg Insight has released a market report, The Bicycle Telematics Market in Europe and North America – 1st Edition, which analyzes the latest developments on the OEM and aftermarket bicycle telematics markets. This strategic research report from Berg Insight provides 45 pages of unique business intelligence including five-year industry forecasts and expert commentary on which to base business decisions. The installed base of bicycle telematics systems in Europe and North America reached 1.7 million in 2023 Telematics is a broad term that may be applied to a wide range of vehicle connectivity solutions. Berg Insight’s definition of a telematics system in this report is an automatic system designed for any bicycle that incorporates some form of cellular communications. The adoption of telematics systems in the bicycle industry has picked up speed in the past few years. There are both aftermarket and OEM telematics solutions available on the market. The main use case for bicycle telematics systems is stolen vehicle tracking and theft prevention. Bicycle theft is a growing concern and millions of bicycles are stolen every year in Europe and North America. Bicycle OEMs also offer services such as vehicle diagnostics...

Combatting Canada’s Auto Theft Crisis: Tackling ReVINing 0

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Combatting Canada’s Auto Theft Crisis: Tackling ReVINing

By Hanna Beydoun, Policy Manager, IBC — In Canada, a vehicle is stolen every five minutes. This national crisis is disrupting the lives of Canadians and causing significant distress and financial strain. From 2018 to 2023, auto theft losses surged over 254%, surpassing $1.5 billion in direct claims costs for private passenger vehicles. Ontario has been hit the hardest, with auto theft losses exceeding an alarming $1 billion last year alone. Part of the issue is that a growing number of stolen vehicles are rebranded and sold to unsuspecting customers in Canada through a practice known as reVINing. Governments and law enforcement agencies have taken action to help address the auto theft crisis: In May 2024, the federal government released the National Action Plan for Combatting Auto Theft, a thoughtful and comprehensive blueprint for tackling auto theft. The government has since taken several steps to halt stolen vehicles along the auto theft transportation network, including deploying a mobile X-ray scanner in the Greater Toronto Area (GTA) to aid in the examination of shipping containers and investing $28 million to enhance the capacity of the Canada Border Services Agency. Police forces across the country, in particular those in the GTA, have...

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Bringing Positive Vibes Back to Personal Lines Insurance

Article 0 Comments Nationwide’s Casey Kempton has a vision to bring positive vibes back to engagements between personal lines insurers and their customers—and it starts with understanding the “mental models” that homeowners and drivers reference to understand insurance. This is an excerpt of an article first published in Insurance Journal’s sister publication, Carrier Management. Click the link and enter your email to read the full story. Kempton, who has been president of Nationwide Personal Lines for just about a year, has a research background in cognitive anthropology—in her words, “the understanding of culture as it exists in the minds.” For the last two decades, she has been observing the insurance customer culture—and the mental models they rely on—like “switch and save.” Those shortcuts to understanding personal lines insurance are ripe for change, she believes. “I think the industry, in general, has an opportunity to bring the value of the protection that we provide on multiple dimensions [into] a much more positive light than the way that we, collectively, have engaged customers previously,” she told Carrier Management recently. Kempton was responding to a question about why she chose to accept a position in personal lines, after most recently leading commercial lines...

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How to Scale Financial Planning Without Compromising Efficiency

Editorial Webcast Sponsored by: eMoney Sponsored by: Today’s investors aren’t just looking for money management—they demand personalized advice that aligns with their unique goals and life circumstances. For firm home offices, this creates a high-stakes dilemma: how do you deliver tailored client experiences while maintaining the operational efficiency needed for growth? Discover how forward-thinking firms are thriving in an increasingly personalized market. Join our industry experts who will share strategies to: – Deliver personalized financial planning at scale (why it’s no longer optional) – Use data aggregation and actionable insights to exceed client expectations  – Leverage APIs and back-end processes to unlock hidden efficiencies and revenue streams – Utilize technology to turn raw data into smarter, faster client-focused decisions – Incorporate full-spectrum financial planning (from topical conversations to long-term cash flow planning) to bring more people into the planning process. Don’t miss this opportunity to learn how your firm can elevate the advisor-client relationship, streamline operations and transform client outcomes—all without compromising your bottom line. The future of financial planning is here. Are you ready to scale? Featured Speakers: Janet Levaux | Editor in Chief | ThinkAdvisor & Investment Advisor Janet Levaux, MA/MBA, is the moderator of this webcast. She’s...

BrokerLink buys its first brokerage in British Columbia 0

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BrokerLink buys its first brokerage in British Columbia

Toronto, ON (Feb. 7, 2025) – BrokerLink is excited to announce its very first purchase in British Columbia, with the acquisition of Schill Insurance Brokers Ltd. (Schill Insurance), effective February 1, 2025, marking a major milestone as the brokerage becomes a true national player with more than 200 locations from coast to coast. Based in Surrey B.C., Schill Insurance is one of the province’s largest brokerages, with 11 locations spread across the Lower Mainland and Vancouver Island. Schill Insurance has served its customers for more than 50 years, offering a wide range of coverage and services for auto and home, and through a commercial portfolio that specializes in construction, automotive dealers and residential realty. Expansion from sea to sea Last year, BrokerLink ventured into two other provinces for the first time, through an acquisition that included locations in Manitoba and Saskatchewan. This latest acquisition is a clear sign that the company has opened its door even wider to new ventures that support its growth plans, provide opportunities for new and existing employees and welcome new customers. “BrokerLink has built a solid presence in all the communities we serve across Canada and we see a strong future in B.C.,” says Joe...

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Britain’s L&G Sells US Protection Unit to Japanese Insurer for $2.3 Billion

Article 0 Comments Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the biggest strategic move so far under CEO António Simões. The group’s shares gained 8% in early trading. They have broadly been trending lower in recent years, but have risen around 12% year to date, outperforming the broader London and European stock markets. Simoes told reporters the transaction was the largest in the company’s history, adding it was part of his wider strategy announced last year to simplify the group, and would be followed by further, likely smaller disposals. The companies will also form a strategic partnership, with Meiji Yasuda taking a 20% stake in L&G’s U.S. pension risk transfer (PRT) business, a fast-expanding market globally as companies offload their pension schemes to insurers. L&G said it planned to launch a share buyback program worth an extra 1 billion pounds ($1.2 billion) after the sale. Simoes described Meiji Yasuda taking a stake in the group as a “vote of confidence” and said it did not indicate a desire for deeper...

Wawanesa the First Insurer to Achieve CSIO’s JSON API Standards Certification 0

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Wawanesa the First Insurer to Achieve CSIO’s JSON API Standards Certification

CSIO congratulates Wawanesa Insurance for achieving CSIO’s JavaScript Object Notation (JSON) Application Programming Interface (API) Standards Certification for Billing Toronto, ON (Feb. 5, 2025) – CSIO congratulates Wawanesa Insurance for achieving CSIO’s JavaScript Object Notation (JSON) Application Programming Interface (API) Standards Certification for Billing. Wawanesa is the first CSIO member to be certified in JSON API Standards, successfully implementing these Standards for Billing use cases and supporting real-time data exchange with brokers. Published by CSIO’s INNOTECH API Implementation Working Groups, JSON API Standards facilitate seamless communication between insurer systems and broker management systems (BMS). These Standards enable brokers to obtain information such as a payment status or billing schedule directly in their BMS, streamlining the process to better support their clients. Wawanesa implementing the JSON API Standards for Billing APIs will allow brokers to receive real-time data for Billing use cases once BMS vendors deploy them into production. This accomplishment demonstrates Wawanesa’s commitment to driving workflow efficiency for brokers. “As one of Canada’s leading mutual P&C insurers, we take pride in leading innovation and ensuring success for our broker community,” said Cam Muckosky, Vice President, Digital Delivery at Wawanesa Insurance. “The JSON API Standards Certification reaffirms our commitment to leading...

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Insurance Groups Pushing Hard for Georgia Tort Reform as State Liability Costs Soar

Article 0 Comments Georgia’s governor has asked state lawmakers for $175 million to cover the growing costs of liability claims against state agencies and employees, as the state’s liability insurance fund has dwindled to a fraction of the outstanding costs. The Atlanta Journal-Constitution reported that, like many U.S. states, Georgia utilizes both self-insurance and commercial carriers to cover liability claims for 325 state agencies and 130,000 employees. But claims have soared by more than 300% in the last decade and are expected to rise further in coming years, according to news reports. Claims range from vehicular damage from state roads to the death of young girls in foster care, to the deaths and injuries to inmates in state prisons. Gov. Brian Kemp also has proposed $600 million in safety and security upgrades in prisons. The requests come as Kemp and property-casualty insurance groups launch a major push for tort reform legislation in the state. The Insurance Information Institute this month launched an advertising and awareness campaign all across the Atlanta area, blaming legal system abuse for rising costs. Excessive lawsuits add an extra $1,415 per year to Georgians’ household expenses, Triple-I has estimated. The American Property Casualty Insurance Association also...

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Prudential Advisors Wants Advisors to Focus on Clients’ Diversity

When financial advisors embrace diversity, firms and clients both win. Understanding and embracing diversity is at the core of Prudential Advisors’ approach to its relationship with clients. This is also why the business is a member of the Luminaries Class of 2024 in two categories. The first is the Broker-Dealer Firm – Corporate Social Responsibility category. In the second, Jordan Toma, a Financial Professional with Prudential, was nominated for an Individual Award – in the Luminaries with Heart category. To better understand the business’ efforts, Jessica Wietmarschen, vice president of strategic initiatives at Prudential Advisors, and Keita Cline, vice president of business and market expansion in Prudential’s Individual Life business, sat down with Think Advisor Contributor Bobbie Turner to discuss the company’s efforts. Wietmarschen and Cline also discuss: ●     Prudential’s Blueprints to Black Wealth strategy and how that program has developed over the last several years; ●      How advisors can embrace client diversity to grow their business. ●      The importance of authentic community partnerships.

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Are you prepared? What Early Policy Changes Mean for Compliance in 2025

Sponsored by: Just a month into the new administration, key shifts in SEC oversight, enforcement, and regulatory priorities are already taking shape. With President Trump back in office and Mark Uyeda named as the new acting SEC Chair, financial firms must prepare for an evolving regulatory agenda and enforcement strategies. What does this mean for advisors, RIAs, broker-dealers, and private funds? How soon will these changes take effect, and how should your teams adapt? Join our panel of regulatory experts and practitioners for a deep dive into the administration’s first 30 days and how financial services firms may be impacted. Key takeaways: ●      Regulatory shifts in the administration’s first month ●      Regulatory proposals to watch—which rules are most likely to advance? ●      Shifts in enforcement priorities and what they mean for compliance teams and programs Don’t miss this timely discussion on the evolving regulatory landscape and how your firm can proactively prepare. Featured Speakers: Jamila Mayfield | Chief Regulatory Services Officer | COMPLYJamila Mayfield joined COMPLY in 2024 as the Chief Regulatory Services Officer, leading COMPLY’s consulting services arm. With her extensive regulatory experience, which spans over 20 years, Jamila will drive the strategic growth of the global consulting and...