Issue 2010-12 -- March 23, 2010
This newsletter is for members of the Canadian Insurance Industry, and those who serve it. The newsletter is published weekly, and notes information about the use of the Internet and related technologies in the industry, insurance products and the marketplace. Some is international, where we feel it is relevant to Canada.
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Distribution
Keal Technology Awarded for New Technology Benefitting Canadian Brokers.
TORONTO, Ontario, Canada - March 11, 2010 - Today, Keal Technology, software provider for Canadian brokers, announces they are the recipient of the Insurance Canada Technology Award (ICTA) Best in Class solution provider. The award was presented at the 2010 P&C Insurance Technology Conference in Toronto, February 22. The ICTA recognizes the benefits brokers realize by utilizing the integration between Keal's Broker Management System (BMS), sigXP and blueC 802's call recording software, blueButler.
Custom Software Solutions and Portage Mutual Announce Connectivity Project.
March 16, 2010, Virden and Portage La Prairie, MB - Custom Software Solutions Inc. and Portage Mutual are pleased to announce they have entered into an connectivity agreement for New Business Upload from CSSI's The Broker's Workstation and also its standalone rating and underwriting tool, Intelliquote.
Sun Life Financial reveals industry-leading financial needs analysis tool.
WATERLOO, ON, March 16 2010 - Sun Life Financial, in partnership with Emerging Information Systems Inc. (EISI), today announced the release of SunVision Financial Analyzer, an innovative financial needs analysis tool that will offer simplified, interactive, client-facing presentations and will change how Sun Life Financial Career Sales Force advisors provide service to clients.
Claims
Guidewire Wins Insurance Canada.ca's 'Best in Class Technology Provider- Insurer Solutions' Award.
SAN MATEO, California, March 5, 2010 - Guidewire Software, a leading provider of flexible core systems to property/casualty insurers, today announced that it has won an Insurance Canada.ca Technology Award (ICTA). Named "Best in Class: Technology Provider-Insurer Solutions", Guidewire was recognized for its 'implementation of technology which had the greatest positive impact on the business of insurance in Canada'.
LV= to standardise claims handling processes across its business with Guidewire ClaimCenterŽ.
LONDON, 15 March 2010 ? LV=, the UK's largest friendly society and leading general insurer today announced the selection of Guidewire SoftwareŽ, a leading provider of flexible core systems to general insurers, as the provider of its new claims handling platform for its home and motor insurance lines of business.
NER Launches Equipment Theft Prevention Website.
JERSEY CITY, N.J., March 17, 2010 - The National Equipment Register, a division of ISO Crime Analytics, announced today the launch of a new industry website. The website is intended to improve efforts to coordinate the fight against heavy equipment theft and offers a variety of free services to help equipment owners and their insurers combat the problem.
The new site features an interactive map that gives visitors the ability to visually analyze theft patterns throughout the United States, the opportunity to register to receive alerts about equipment stolen at a regional or national level, monthly and annual theft pattern analyses, and a quarterly equipment security newsletter.
Policy and Product Management
EagleEye Analytics Announces Successful Canadian Launch.
COLUMBIA, S.C., March 15, 2010 -- EagleEye Analytics, the leading provider of world class predictive analytics solutions to the property and casualty insurance industry, announced today the successful launch of its predictive analytics solution and advisory services in the Canadian market.
Business of Insurance
IBM 2010 Global CFO Study: Sixty Percent of Finance Organizations Plan Significant Changes to Adapt to New Economic Demands.
MARKHAM, ON, March 2, 2010: IBM (NYSE: IBM) today announced the findings of a major new study of over 1,900 Chief Financial Officers (CFOs) and senior finance executives from 81 countries and 35 industries worldwide, which reveals that more than 60 percent of CFOs plan major changes to respond to the new economic climate.
Too focused on the rules; the importance of supervisory oversight in financial regulation: Remarks by Superintendent Julie Dickson (OSFI).
New York, March 16, 2010 - As most will know, Canada?s financial system has held up well during the recent economic crisis, and many people have asked us for our views on why that was.
Consumer Information
Understanding Real Estate Fraud: LAWPRO.
TORONTO, March 16, 2010 - A home is the largest purchase most Canadians will make in their lifetime. In many cases, it takes years of saving to build a down-payment for the home and many years more to pay off the mortgage. Because of the high value attached to homes, they are also a key target for fraud and Canadians have the potential to lose big-time if they don't know how to protect themselves.
Saskatoon to pilot Report Impaired Drivers: SGI.
March 12, 2010 - The public is being asked to help make Saskatoon roads safer with a pilot program called Report Impaired Drivers. This crime prevention project encourages Saskatoon residents to call 911 and report suspected impaired drivers to the police.
Canadian Snowbird Association report card reveals most provinces breaching the Canada Health Act.
TORONTO, March 17 2010 - Only Prince Edward Island and the Canadian territories and are living up to the requirement of the Canada Health Act to provide portable, universal health care for the more than 53 million trips Canadians take abroad each year, according to the 3rd edition of the Canadian Travellers' Report Card, released today by the Canadian Snowbird Association.
Marketing and the Market Place
Marketers Buzz About ROI : eMarketer.
MARCH 12, 2010 - US marketing executives were much more optimistic about the economic outlook in February 2010 than they were the year before, when the recession was in full swing, and many were planning to increase budgets, according to the "Marketing Trends Report 2010" from Anderson Analytics and the Marketing Executives Networking Group (MENG). But they have become even more focused on getting a good return on their marketing investments.
Local Shoppers Look Online First: eMarketer.
MARCH 15, 2010 - The overwhelming majority of US Internet users research online to find local products and services, according to the "User View Wave VII" from BIA/Kelsey and ConStat. The most common online tool used for local research was search. Nearly one-half of respondents used Internet yellow pages and 42% checked comparison-shopping sites before heading to local businesses.
eBusiness and Technology
Accenture Joins AT&T Business Exchange.
NEW YORK; March 2, 2010 - AT&T is providing Accenture with a platform that allows it to collaborate with clients, suppliers and others by creating the experience of being in the same room, whether the participants are down the street or halfway around the world, the two companies said today.
from Doug:
Wonderful Spring weather last week - more like mid-May - brought our first crocus to bloom. The cooler and wetter weather since has brought us back to mid-April reality, although it is still March. Must be global warming.
The down-sizing must be working. More of our hardwood floors are exposed and more collected "stuff" has gone out the door; now it echoes in almost every room. I am getting downright ruthless in some of my decisions about what to keep and what goes. Those things that someone might find useful go in a box at the end of the driveway - the passersby keep it almost empty.
The Chronicle is for members of the Canadian Insurance Industry, and those who serve it. The newsletter is published weekly by Insurance-Canada.ca Inc., and notes information about the use of the Internet and related
technologies in the industry, insurance products and the marketplace. Some is international, where we feel it is relevant to Canada.
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