The Chronicle: Issue 2012-34, August 21, 2012
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What's Going Through The Intersection of Insurance and Technology? |
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CSIO and ACORD: Cross Border Standards and Broker Connectivity
When It Comes to Big Data, Does Size Matter? |
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Business of Insurance
Sun Life Financial Canadian home marks 100-year birthday.
WATERLOO, ON, Aug. 14, 2012 - Sun Life Financial today celebrates the
100th anniversary of its Canadian headquarters building as the Company
continues to grow its business in the region and support the retirement
needs of an aging population.
LOGiQ3 Underwriting Training Program Uses Munich Re's Edge Underwriting Manual.
August 2012 – Canadian-based LOGiQ3
Corp. (LOGiQ3) – providing unique life underwriting training solutions
to the insurance industry – has recently entered into a partnership
with Munich Re for the use of their North America Life Underwriting
Manual, EDGE.
RSA first to deliver electronic documents download using latest CSIO XML standards.
Toronto – July 31, 2012 – Leading property and casualty insurer RSA has
introduced a significant enhancement to help increase broker efficiency
and streamline workflows.
OSFI revises Earthquake Exposure Guideline.
The Office of the Superintendent of Financial Institutions (OSFI) is proposing changes to guideline B-9, Earthquake Exposure Sound Practices, for property and casualty insurance companies in Canada.
Admonished for high wages, ICBC raises rates.
On the same day B.C. Finance Minister Kevin Falcon admonished the
Insurance Corporation of British Columbia (ICBC) for high wages and
inflated management, the auto-insurer was given approval to boost its
rates by 11.2%.
Claims
IBC: Alberta wind and thunderstorm insured costs over $100 million.
TORONTO, Aug. 14, 2012 - Insurance Bureau of Canada (IBC) reports that
the estimated insured damage caused by the recent severe thunderstorm
event that hit the Edmonton area in July amounts to more than $100
million.
SIMAC Head Injury Conference: “The Diagnosis, The Law, The Case Manager”.
Do you handle claims for individuals who have sustained a head injury?
Are you confused over what type of imaging they have and why?
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Data Analytics: Your Key to Better Customer Acquisition This complimentary live webinar with Alexis Zamkow of Canada Post will cover the best practices for connecting with new customers, nurturing existing customers and helping your business thrive. Thursday, September 13, 2012, 12:00 noon – 1:00pm (ET) Register now! Topics will include:
Click here for more details. |
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Consumer Information
Average student university debt nearly $30,000.
As the summer draws ever closer to the end, families across the county
are gearing up for back-to-school season. For many, their education
plans include university.
Aviva using Smartphones for telematics in the UK.
Aviva, the UK's second largest insurer, is trying out technology that
uses customers' smart phones to track their driving habits and adjust
their rates accordingly.
Bad Crash Test results for Luxury Cars.
Most midsize luxury cars—including the Mercedes-Benz C-Class—performed
poorly in a new frontal crash test developed by the US Insurance
Institute for Highway Safety.
BC Hazy – Partly due to Russia.
Smoke from wildfires burning in Russia are contributing to hazy
conditions throughout most of British Columbia, notes an alert from the
province's Wildfire Management Branch.
Road rage due to commutes.
The daily grind for some workers happens before they even enter the
office. A new study from CareerBuilder found that between dealing with
traffic, other drivers and construction, workers are becoming
increasingly agitated in their commute.
Feds fund flood prevention.
A new national program designed to reduce the impact of natural
disasters is providing money to provinces that invest in
flood-mitigation strategies.
Technology
Gauss virus hits online banking.
Online security firms are investigating a new cyber-threat believed to be targeting users in the Middle East.
Baby Boomers Not Digital.
Increasing numbers of baby boomers own smartphones and have accounts on
social networks. But headlines that herald such developments can create
a misleading impression about the underlying story.
Innovation Group Listed in Leading Industry Analyst Firm's 2012 Hype Cycle for P&C Insurance.
FARMINGTON, CT (August 15, 2012) – The Innovation Group plc (Innovation
Group) today announced the company has been listed as a sample vendor
in Gartner's "Hype Cycle for P&C Insurance, 2012" published by
Kimberly Harris-Ferrante on July 27, 2012.
Joe's Corner:
I just have a couple of reminders for you this week. First, if you have not taken our telematics survey, please do so before the survey closes. Results will be published later this week. Second, register early for the Canada Post Webinar on Data Analytics.