The Chronicle: Issue 2013-25, June 25, 2013
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What's Going Through The Intersection of Insurance and Technology?
Emerging Technology: Think You Have Time To Catch Up? |
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Events, Surveys and Webinars How would you describe the insurance industry – in terms of coverages, customers, premiums or practitioners? | |||
Business of Insurance
LOGiQ³ and Eckler Ltd. partner on a Protective Value Study for MIB
MIB Group, Inc. has engaged LOGiQ3, an expert provider of life insurance and reinsurance consulting and outsourced services, and Eckler Ltd., a consulting and actuarial firm based in Toronto, to perform a Protective Value Study that will quantify the value of MIB's Underwriting Services for Group Voluntary life insurance products sold through the worksite.
Guy Carpenter: Specialty Insurance Program market poised for growth opportunities in 2013
Guy Carpenter's eighth annual Specialty Insurance Program Issuing Carrier Survey reveals that the Program Administrator and Managing General Agency market continues to thrive and is well positioned for growth in the year ahead.
Economical receives inaugural financial strength rating from A.M. Best
Economical Insurance has received its inaugural financial strength rating from independent rating agency A.M. Best. This rating of “A-” (Excellent) provides a further reinforcement of the company's excellent financial strength and significantly improved financial performance.
Technology
InEdge reveals the top three mistakes in BI planning
Insurance Business Analytics consultancy InEdge has identified the three most common mistakes in insurance BI, appearing as early as the planning phase of a new BI program. According to InEdge, early missteps get the project off on the wrong foot, ultimately delaying production, and wasting time, effort and money.
Gartner says a major shift toward cloud office systems has begun
Claims that most organizations have moved, or are moving, to cloud email or cloud office systems are not consistent with research by Gartner, Inc. However, Gartner predicts that a major shift toward cloud office systems will begin by the first half of 2015 and reach 33 percent penetration by 2017.
PCI: 24 states approve electronic proof of insurance coverage
In what has become one of the hot insurance-related legislative trends, 17 states passed laws this year allowing drivers to show proof of insurance using a smart phone. This brings to 24 the total number of states that permit electronic proof of coverage, according to the Property Casualty Insurance Association of America.
Consumer Information
TD Insurance: Majority of Canadians don't ask providers to clarify policy details
Most Canadians review their insurance policies at least once a year, but new research from TD Insurance has found that not everyone takes the time to ensure they are properly insured. Do you know the full picture when it comes to your insurance policy?
Square One advises flood insurance not available in Canada
Earlier this month, cities across Germany were challenged by flooding. Now several Canadian cities, including those in Alberta, are facing the same challenge. You might be wondering if home insurance policies cover flood damage. But whether or not your home insurance policy covers flood damage depends on where you live.
Distribution
Aviva Canada deploys national eDocs solution
Aviva Canada is pleased to announce its launch of a national eDocs solution certified with all Canadian broker management systems providing eDocs support and ready to deploy in brokerages across the country.
In The Community
Intact Insurance mobilizes community response team to assist Albertans
Intact Insurance, Canada's largest home, auto and business insurance company, has mobilized resources from across the country to help provide assistance and support for customers who have been affected by severe hail and rain storms as well as flooding in Calgary and surrounding southern Alberta communities.
Western Financial Group employees to build teddy bears for charity
Western Financial Group's more than 1,600 employees will brighten the lives of children across Canada by each building a teddy bear at their employee conventions this month. The bears will be distributed to more than 20 charities chosen by employees.