The Chronicle: Issue 2014-37, September 16, 2014
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What's Going Through The Intersection of Insurance and Technology?
A Delicate Balance In Commercial Underwriting Technology
Can Brokers Manage the Next Wave of IT? |
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Technology
Economical Insurance launches website optimized for mobile platforms
More and more Canadians are using smartphones to manage their lives at home, at work and on the go. The quality of their mobile experience depends on how easily and efficiently they can access the information they are looking for. Today, Economical Insurance, one of Canada's leading property and casualty insurance providers, successfully launched a mobile version of its website that enhances the mobile experience for Canadian consumers and businesses looking for information from Economical.
Distribution
Highcourt Partners announces acquisition of Galileo Group
Privately held Galileo Group has announced that it has agreed to be acquired by Toronto based international insurance broker and risk consultant Highcourt Partners Limited effective September 1, 2014.
Business of Insurance
Insuranceforchildren.ca announces the launch of Child Plan, the only alternative to RESPs in Canada
More and more parents have started looking for alternatives to their child's Registered Education Savings Plan. Many have found Child Plan™ from InsuranceForChildren.ca – a ‘Participating’ Life Insurance plan that also doubles as an education savings fund and the newest entry into the Canadian financial planning market.
Consumer Information
TIRF poll: Canadian drivers are not all aware that their prescription drugs affect driving ability
According to a new report from the Traffic Injury Research Foundation, almost 780,000 drivers on Canadian roads admitted to driving under the influence of potentially impairing prescription drugs in 2013.
FSCO warning notice: Trafficking in Life Insurance
The Financial Services Commission of Ontario is warning consumers and life insurance agents that the selling or transferring of life insurance policies is a controversial practice that may not be legal in Ontario under some circumstances.
belairdirect joins awareness campaign with new app to curb distracted driving
Joining the chorus of public concern and renewed efforts by legislators to prevent distracted driving, belairdirect insurance company and the ‘Seriously...Just Drive’ campaign are teaming up to promote a newly released mobile app to Ontario drivers in a bid to curb distracted driving.
PC Insurance: Canadians rely on family first for insurance advice
Despite an overwhelming amount of information available at their fingertips, the majority of Canadians are instead relying on their personal network to help guide important life choices – including choosing an insurance provider.
Manitoba Public Insurance augments anti-distracted-driving campaign with texting and driving simulator
Manitoba Public Insurance is taking its ‘Your Last Words’ anti-distracted driving campaign to the next level with a texting and driving simulator aimed at young drivers.
Policy Management
Norfolk Mutual deploys Mutual Concept Computer Group's Insurance Business Solution
Norfolk Mutual Insurance Company, in partnership with MCCG, have successfully completed their conversion and implementation of the Insurance Business Solution (IBS) into their business operations. The IBS product will provide Norfolk with enhanced technology to service their policy holders and brokers, while delivering efficiencies to their internal operations.
Claims
Accident Support Services International opens Halifax Collision Reporting Centre
Halifax Regional Police and Accident Support Services International Ltd., facilitators of Collision Reporting to the Insurance Industry are pleased to announce the opening of the Halifax Collision Reporting Centre on September 10, 2014, with a ribbon-cutting ceremony at 1975 Gottingen Street, Halifax.