The Chronicle: Issue 2013-42, October 29, 2013
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What's Going Through The Intersection of Insurance and Technology?
Ontario Brokers, Carrier CEOs Stake Out Telematics Ground |
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Events, Surveys and Webinars
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Business of Insurance
Aon Benfield launches annual life benchmarking survey for 2013
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc has launched its annual Life Catastrophe Benchmarking Study of global life insurers to provide insight into catastrophe reinsurance purchasing patterns and help benchmark retentions, quantity and price.
Towers Watson survey: Property & Casualty insurers point to hardening markets
Chief financial officers with leading North American property & casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty CFO survey by global professional services company Towers Watson.
Industrial Alliance launches SecurOption - Lifetime Retirement Income
Industrial Alliance is pleased to announce the launch of SecurOption - Lifetime Retirement Income, a simple, innovative and distinctive option offered in Industrial Alliance's group RRSPs and in its deferred profit sharing plans (DPSPs), which allows members to build a guaranteed lifetime retirement income through their group retirement savings plan contributions. They simply choose the portion of the contributions to allocate to SecurOption; deferred annuities are then purchased periodically with these contributions to provide them with ongoing guaranteed retirement benefits.
Technology
EY survey: insurers risk losing competitive advantage if they don't embrace digital
Insurers – slow to embrace digital – are missing the mark on delivering enriching experiences that customers now expect, according to a new EY survey. "Internal factors like legacy technology are hindering their digital progress – to the detriment of the consumer and, ultimately, the bottom line," says Doug McPhie, EY partner and Canadian Insurance Leader.
Oceanwide enhances Bridge policy admin system with new features for business users
Oceanwide has announced the launch of a new version of Bridge, the company's SaaS-based suite of insurance software modules, which includes significant enhancements designed to deliver more control into the hands of business users.
Telematics
IBAO: insurance companies applaud IBRI telematics model
The Independent Broker Resources Inc., a wholly owned subsidiary of the Insurance Brokers Association of Ontario, has announced that two of Canada's leading insurance companies have declared their intent to explore the IBRI telematics model. Following positive meetings with a number of insurer stakeholders, Gore Mutual and RSA Insurance are the first to declare that active discussions have begun.
Marketing
eMarketer: Insurance develops a new digital path to purchase
Even as the US economy continues to improve, consumers remain price-sensitive when it comes to buying property & casualty and life insurance. With insurers and aggregators making their digital properties more intuitive, it is easier than ever for consumers to conduct research, compare quotes and even buy insurance entirely through digital channels, according to a new eMarketer report.
Distribution
The Guarantee partners with Brovada to launch new broker connectivity tool GLink
The Guarantee Company of North America has partnered with Brovada Technologies, a software provider specializing in business process integration, system conversions, legacy system integrations, and broker connectivity, to develop a new broker connectivity tool, GLink, and an eDocs download solution for its personal lines brokers.
Miller Insurance Brokers selects Applied Epic to drive business growth
Applied Systems has announced that Miller Insurance Brokers has chosen Applied Epic to enhance client service and drive business growth for its insurance brokerage business in Canada. Applied Epic is the insurance industry's fastest-growing agency and brokerage management system.
Consumer Information
Sun Life survey: Employers identify sedentary lifestyle as top employee health risk
Almost one quarter (24 per cent) of Canadian employers say work-related stress and sedentary lifestyles are the top major health risks affecting their employees, according to the newly released Sun Life-Buffett National Wellness Survey.
THiA: Canadians have a poor understanding of travel health coverage
The Travel Health Insurance Association of Canada conducted a national survey† of Canadians about their travel habits and their understanding of provincial health coverage. The survey revealed that 35 per cent of Canadian travellers do not buy travel health insurance.
Desjardins launches new dynamic travel insurance resource website
Destinago.com is more than just a travel insurance resource; it's primarily a dynamic platform that contains a wealth of useful information for travellers of all types. You can get tips on where to find the best baklava in Istanbul, how to plan your trip if you're a diabetic, or where to find the best hiking trails in Costa Rica. You'll find as many answers as you have questions.
Kanetix launches new updates for iPhone travel insurance app
Kanetix is excited to announce its newly updated Travel App to enhance the travelling experience for Canadians. Now iPhone, iPad and iPod device owners will be able to enjoy their trip; by purchasing travel insurance and finding destinations while travelling.