The Chronicle: Issue 2014-08, February 25, 2014
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What's Going Through The Intersection of Insurance and Technology?
UBI: An Innovation in Insurance – Really?
It's a Big (Data) World Out There |
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12th Annual Insurance-Canada.ca Technology Conference Welcome and thank-you to our 2014 conference sponsors:
Kumaran Systems as a Bronze Sponsor. |
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Business of Insurance
Intact Financial Corporation announces acquisition of Metro General Insurance Corporation Limited
Intact Financial Corporation has announced that it has signed a definitive share purchase agreement for the acquisition of Newfoundland and Labrador-based Metro General Insurance Corporation Limited. The transaction, whose terms were not disclosed, is expected to close later this year upon receipt of the appropriate regulatory approvals.
Guy Carpenter launches cyber solutions specialty practice
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and member of Marsh & McLennan Companies, has announced the launch of its Cyber Solutions Specialty Practice, which focuses on the development and delivery of innovative cyber reinsurance solutions to address the rapidly increasing risks associated with cyber security. The practice builds upon Guy Carpenter's market leadership position and years of experience and market intelligence in this area, and through its team of highly seasoned professionals, helps clients effectively manage their cyber portfolios and grow profitably.
Technology
Gartner identifies the Top 10 mobile technologies and capabilities for 2015 and 2016
Organizations wishing to unlock the full potential of mobility must master a wide range of technologies and skills, many of which are unfamiliar to IT staff. In today's blog post, Nick Jones, vice president and distinguished analyst at Gartner, shares Gartner's top 10 mobile technologies and capabilities that organizations must master in 2015 and 2016.
IBM and AT&T join forces to deliver new innovations for the Internet of Things
AT&T and IBM have announced a new global alliance agreement to develop solutions that help support the “Internet of Things.” The companies will combine their analytic platforms, cloud, and security technologies with privacy in mind to gain more insights on data collected from machines in a variety of industries.
GMC Software Technology: Coordinating the chaos of insurance customer communications
It is no surprise that over the next year, nearly three in four insurance companies will be evaluating ways to improve their customer communication management process. The challenge for insurers is how to evolve from a disparate customer communication “program” that delivers a complex mix of scattered data, isolated systems and single-purpose applications to one that is cohesive, results-driven and cost-effective.
MARCON Mobility Newsletter: Anticipating A Driverless City
Can you imagine what your city would be like if all the vehicles on its roads (passenger cars, buses, trucks, ...) moved about autonomously? Students in 15 competing teams tackled the following question: what would Philadelphia look like if cars, buses, taxis and other vehicles drove themselves around the city, communicating with each other and with the people who summon them to get to work or play?
SAS: Insurers anchor burgeoning global sales for SAS Visual Analytics in 2013
When planning and protecting against potential risks for its customers, insurance companies place a premium on powerful data visualization and business intelligence software, as evidenced by insurers representing 14 percent of the 2013 global sales for SAS® Visual Analytics. In 2013, more than 1,400 organizations licensed SAS Visual Analytics – dramatic growth for software introduced less than two years ago.
Gartner: CRM will be at the heart of digital initiatives for years to come
Organizations are leveraging CRM technologies as a major part of their digital initiatives to enhance the customer experience, according to Gartner, Inc. Gartner said that demand for modern technology customer relationships is driving refreshed or expanded integration and usage of all areas of CRM software. The outlook continues to be positive for CRM as buyers focus on technologies that enable more-targeted customer interactions in multichannel environments.
Policy Management
MajescoMastek: Beyond the RFP basics, by Manoj Porwal
You are sitting down to evaluate policy administration systems side-by-side. You have six or seven companies who have responded, four or five of which could probably do an adequate job. You are struck with the incredible similarity of systems. Most of them seem to be what they need to be, but some of these systems look interchangeable. How do you get past the basics to evaluate and uncover the system that confidently carries your business into a new era?