The Chronicle: Issue 2013-45, November 19, 2013
|
What's Going Through The Intersection of Insurance and Technology?
Can Brokers Create and Seize the Future? |
|
Social Business
SAS: How life insurers are embracing social media
The final article in my mini-series on life insurance covers the growing trend of social media usage within insurance. A challenge for many insurance companies is how to find a cost-effective method to sell life insurance and annuity products to an underpenetrated market, Generation Y or Millenials. That is, consumers aged between 18 and 33 years old. Due to high acquisition costs, many agents find it unprofitable to sell to this particular demographic. However, one method that is proving successful is the usage of social media, since this demographic has embraced this medium.
Distribution
Keal Technology: insurance consumers’ needs in 2013 – are brokers meeting them?
Canadian brokers provide a choice for their clients and or prospects, in addition to serving as trusted advisors. There is no debate on this statement, but is it enough to keep and or attract new clients? I am of the opinion that unfortunately, in 2013, it is not enough. Then what is lacking?
Economical accepting electronic signatures for new insurance policies
Effective immediately, Economical Insurance, Economical Select, Western General and Perth Insurance areaccepting electronic signatures on new business applications for personal and commercial insurance policies. An electronic signature is an equivalent substitute for obtaining a signature on a hard copy of the policy application.
Keal Technology honours achievements with first annual Kealy Awards
Keal Technology, a leading provider of Broker Management Systems, has announced the three recipients of the 1st annual Kealy Awards at their User's Conference. The Kealy Awards honour Keal brokers for excellence achieved in three distinct categories: Community Involvement, Technology, and Brokerage Operations.
Consumer Information
Kanetix: Does type of vehicle affect driving habits?
A recent study by Kanetix compared driving history among 10 car makes to see if the vehicle Canadians drive really does have an impact on how they drive it. Results showed only five per cent of Aston Martin drivers and seven per cent of Lamborghini drivers have been in an accident in the last two years. Kia drivers report the highest number of accidents, with 15 per cent having been in an accident in the same timeframe.
Aviva Canada launches Conviction Protector to prevent insurance hikes over minor driving infractions
Aviva Canada, one of the country's leading providers of home, auto, recreational vehicle, group and business insurance, has launched Conviction Protector, a new endorsement that can help protect drivers from paying more for their insurance. Conviction protector is designed to allow a driver to keep their 10% conviction free discount even if they experience one minor driving conviction.
Brovada obtains CSIO Certification for eDocs
The Centre for Study of Insurance Operations is pleased to announce that Brovada Technologies 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.