The Chronicle: Issue 2014-06, February 11, 2014
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What's Going Through The Intersection of Insurance and Technology?
Telematics: Thinking Beyond Discounts
Google Embedding Innovation in its Insurance Foray |
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12th Annual Insurance-Canada.ca Technology Conference Welcome and thank-you to our 2014 conference sponsors:
Tritech as a Silver Sponsor. |
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Business of Insurance
Conference Board of Canada: most Canadian firms failing to effectively measure and manage innovation
Canada underperforms on measures of business innovation, and recent international comparisons indicate that our record is getting worse, not better. One contributing factor to this poor performance is that almost 40 per cent of Canadian companies don't measure the success of their innovation activities at all.
Accenture: insurance customers would consider buying insurance from internet giants
Two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying from online service providers such as Google and Amazon, according to new research by Accenture based on a survey of more than 6,000 insurance customers in 11 countries.
KPMG survey: plug-in vehicles set to lead the e-vehicle race
Plug-in hybrids are forecasted to win the race among e-vehicles to produce cleaner, more efficient vehicles, according to the 15th annual Global Automotive Executive Survey. The Global Automotive Executive Survey is KPMG International's annual assessment of the current state and future prospects of the worldwide automotive industry.
EY: Interest rate risks, subpar yields challenging Canadian life insurers
Despite signs of improving market conditions on the global scale, a new EY report suggests – in Canada's continuing low interest rate environment – life insurers should be focusing on their product offerings to make up for subpar yields, while giving customers what they want and spurring growth.
Technology
MARCON Mobility Newsletter: Ontario indicates interest in autonomous vehicles
In this week's mobility newsletter, Catherine Kargas posits that as the auto manufacturing leader in Canada, Ontario is only sticking a toe quite gingerly into the waters, especially compared to other jurisdictions in the U.S. – notably Michigan, a leading American manufacturer of autos.
Policy Management
Celent: Deal Trends and Predictions in the Life Insurance Policy Administration Market
During the past two years, the market for life insurance policy administration systems has been buoyed by a number of insurers upgrading older systems or buying new policy administration systems for new product lines. In this report, Celent analyzes deal activity for new policy administration systems in North America using data from 22 vendors selling policy administration solutions to North American life insurers. The report estimates the potential for new deals and upgrades through 2016.
Marketing
eMarketer: Digital Marketers in Canada focus on increasing sales, lead gen
Digital marketers in Canada have set increasing sales and lead generation as their #1 goal for their efforts this year, according to research from Ignite Digital. The digital agency, which surveyed marketers in Canada in January 2014, found that nearly three-quarters reported increased sales was a digital marketing goal for the year. Almost two-thirds wanted to beef up brand awareness.