The Chronicle: Issue 2013-43, November 5, 2013
|
What's Going Through The Intersection of Insurance and Technology?
Lies, Damned Lies, and Spreadsheets
Too Much Going On? We've Got the Rx For You |
|
Business of Insurance
IBC: Canada unprepared for a major earthquake, new study warns
A new scientific study on the impact of a major earthquake in Canada, released by Insurance Bureau of Canada, leaves no doubt that Canada is not prepared to handle a major earthquake, which could happen at any time, and that the economic impact would be significant.
Towers Watson: focus on the extreme risks “that can kill you”
Towers Watson's research and ranking, entitled Extreme risks 2013, categorises very rare events that would have a high impact on global economic growth and asset returns if they occurred. The top 15 Extreme risks now for the first time include: Stagnation, Health progress backfire, Nuclear contamination, Extreme longevity and Terrorism, while those that have dropped out of the top 15 this year are: Euro break-up, Hyperinflation, Political crisis, Major war, End of fiat money and Killer pandemic.
Accenture: Investing in digital technologies and customer service enhances performance
While many organizations are focused on IT cost reduction, productivity gain and process improvement, the latest global research from Accenture reveals that companies that invest in digital technologies and improving customer experiences are able to identify new growth opportunities and enhance performance.
Travelers completes acquisition of The Dominion
The Travelers Companies, Inc. has announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited. The combined organization, which will be referred to as Travelers Canada, will remain headquartered in Toronto.
Technology
MARCON: Welcome to the Future of Mobility
While the rate of change in the P&C insurance industry in Canada makes us wonder how people can absorb it all, change is occurring as faster, or even more quickly elsewhere. While we watch the arrival of features on automobiles that make driving safer for both those in the auto and those outside it, the way that people get around is shifting as well. All of these trends will have an impact on the auto insurance industry.
SAS whitepaper: Building a Strategic Analytic Culture
The insurance industry is steadily increasing its use of analytics across more and more parts of the business. At the same time, analytics are being integrated into operational workflows as standard functions within a processing or decision-making process. It is likely that the use of analytics and the data that feeds those tools will become even more integral to competitive positioning among insurers. This whitepaper goes beneath the tools, techniques and uses of analytics to look at the corporate environment and consider how one builds a strategic analytic culture.
Guy Carpenter launches MetaRisk 7.2
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, have announced the release of MetaRisk® 7.2, the latest version of the firm's premier risk and capital management decision-making tool. With its enhanced features in the areas of catastrophe model blending and vastly improved financial capabilities, MetaRisk 7.2 delivers a fully integrated platform that allows insurance companies to better understand the drivers of risk, assess their options, and deploy their capital accordingly. The new features improve usability and increase overall functionality.
Distribution
Mass Insurance launches new auto quote tool for ontario in partnership with Kanetix
Mass Insurance recognizes the shopping habits of motorists are changing and to capitalize on this, the brokerage decided to partner with Kanetix SaaS to build a user-friendly online quotation solution. The new quotation tool will address the growing need for brokerages to offer online quoting to their clients since many drivers are using the Internet first to do their primary research and insurance shopping.
ORBiT moderates Keal panel on the brokerage of the future
Keal has a vision that speaks directly to my heart and the mandate of ORBiT, so as President of ORBiT, I was honoured to be asked to moderate a dynamic, interesting and insightful panel at the recent Keal Users XPerience convention. It is exciting to hear experts from all aspects of our industry talk about what they believe needs to happen to move our industry forward. The audience got caught up in the excitement about what the future holds and what we have to do to get there.
Applied Systems obtains CSIO Certification for eDocs
The Centre for Study of Insurance Operations (CSIO) is pleased to announce Applied Systems has obtained CSIO Certification for eDocs. CSIO data exchange standards are company neutral and help solve data compatibility issues, facilitate more efficient and seamless integration of information and improve implementation of technology solutions.
Marketing
Aviva Canada: Helping brokers build a more web-savvy business
Aviva Canada, one of the country's leading providers of home, auto, recreational vehicle, group and business insurance, has announced a strategic partnership with Agency Revolution to provide digital marketing systems for insurance brokers.