Insurance-Canada.ca - Where insurance and technology meet

MARCH 7, 2017

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INSURANCE INDUSTRY NEWS

Aviva, DMZ Launch Insurtech Accelerator Program
In response to the rise of Insurtech in the insurance industry, Aviva Canada and the DMZ at Ryerson University have launched an accelerator program for Canadian startups that require rapid development. Applications are now being accepted.
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5 Forces Shaping Life Insurance In 2017
Quickly-evolving technology has emerged as a dominant force shaping the year ahead in Canada's life insurance sector, according to EY's 2017 Life Insurance Outlook. But this is just one of the 5 forces for life insurers to rein in this year...
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Location Inc. Launches Canada's Highest-Resolution Crime Analytics
Location, Inc., a leading provider of location-based analytics, has launched the highest-resolution crime analytics available in Canada, providing exclusive U.S.-Canadian total, violent and property crime comparisons.
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Cyber: Coming To Grips With A Complex Risk
With cyber risk a growing concern, Swiss Re's latest sigma report suggests businesses need to do much more to integrate cyber security into their risk management programmes.
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Willis Towers Watson Launches New Risk Culture Survey Tool
Willis Towers Watson has launched an innovative new Cyber Risk Culture Survey solution, a first-of-its-kind cyber risk employee survey which connects human capital and workplace culture to employer cyber risk vulnerability and addresses companies' leading challenges around cyber risk.
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Slice Expands On-Demand Homeshare Insurance Product
Slice Labs Inc., a technology startup that launched the first on-demand insurance platform in the United States, has announced it has expanded the availability of its homeshare preview release to include five additional states: Colorado, Maryland, Massachusetts, Texas and Washington.
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Vision, Steele & Ferraro Join Brokerlink
Vision Insurance Brokers Ltd. and Steele & Ferraro Insurance Brokers Limited have announced they will join BrokerLink, one of the largest Canadian property and casualty insurance brokerages. Terms of the transactions, finalized March 1, 2017, were not disclosed.
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eSentire Adds Cloud Visibility For Integrated Protection
eSentire has announced the integration of cloud sources to its award-winning eSentire Managed Detection and Response service. . With visibility across network, endpoint, and cloud, eSentire can now hunt for threats both on and off company premises.
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Premium Payments: Back-End or Front-End Opportunity?
Celent survey results indicate that insurers recognize their payments capabilities as a differentiation opportunity and give their strategies careful attention, but continued adjustments are necessary.
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Deal Creates Canada's Largest Indigenous-Owned Insurance Agency
TIPI Insurance Partners has partnered with IMI Brokerage Company to create Canada's largest Indigenous-owned insurance agency, providing property insurance, pension plans and group benefits designed exclusively for Indigenous people.
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LowestRates.ca Looks to Double Provider Options
Canada's fastest-growing personal financial comparison site, LowestRates.ca, is looking to double the number of insurance brokers and companies buying the high-quality leads generated on its site.
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National Action Plan To Fight Distracted Driving
The Canadian Coalition on Distracted Driving has published a National Action Plan with 15 action items in four priority areas – education, enforcement, research, and technology – to combat distracted driving, which accounted for one quarter of all auto crash fatalities in 2013.
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March Break: Pack Bags, Not Stress
For most people, a vacation is meant to be a way to relax and ease some of the stresses of everyday life, but many find vacations actually bring on additional stresses whether en route or while at their destination.
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What's going through the Intersection
of insurance and technology?

Pilots on the Disruption Path
Craig Haney, Head of Corporate Innovation at Communitech, provided the keynote presentation for our 2017 Technology Conference. Although insurance is but one vertical at Communitech, it is increasing in importance and activity. To show how organizations large and small can innovate, Haney has conceived the “Nimble Hippo,” which epitomizes five principles of innovation.
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Congratulations ICTA Winners!

Congratulations to Sonnet for scoring top marks from our expert jury and winning the People's Choice Award. See the full results and photos from the ceremony.

“Disruption ⇒ New Realities,
New Opportunities”

Photos from the 2017 Technology Conference and from the 2017 Broker Forum are now online. Take a look; find yourself and your colleagues; share your favourites!

For those who couldn't attend, no more FOMO! For the first time ever, video highlights of the Technology Conference and Broker Forum are available now to help you catch what you missed.

Those who did attend can revisit the presentations that resonated with them, and catch the ones they missed, at an exclusive price for delegates.

From Doug

Our 2017 Technology Conference, Technology Awards and Broker Forum have come and gone. Rested and recovered, we are now into analysis and planning for the future.

Good speakers from outside insurance provided thought leadership; industry colleagues brought the message home that you are quite comfortable being where the action is, and even instigating it.

At a high level, I left with two perceptions:

• People are really important – crucial – and organizations are doing more than ever to nurture, collaborate, and organize;

• A “can-do” attitude prevails – let's be there with the best, even lead the pack in tackling (and, yes, leveraging) the change around us.

As we saw highlighted by numerous speakers, there is some really interesting technology in play now, and more coming down the pipeline.

Adapt. Be agile, be quick, and ... be good.

I look forward to seeing you August 29th at our annual Executive Forum.

Doug Grant, CIP
Partner
Insurance-Canada.ca

The Chronicle weekly newsletter features news, events, and general information relating to insurance, technology, and innovation in the Canadian insurance industry and the marketplace. Subscribe here or view past issues.

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