Insurance-Canada.ca Newsletter - Past Issue
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Issue 2010-32 -- August 10, 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. To subscribe to this newsletter or view past issues. Participants and Sponsors: Thanks to Canadian Disaster Restoration Group (CDRG) for renewing their annual advertising program with Logo Ads and Listings in:.
eBusiness and Technology Foresters Partners with MajescoMastek on a Business Transformation Journey. NEW YORK, Aug. 3 -- MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited, announced today that Foresters, a life insurance provider that champions family well being, has selected MajescoMastek as a technology partner in their larger transformational initiative: Foresters Invests in Transformation (FIT). The FIT program was designed to modernize Foresters infrastructure, dramatically reduce unit costs for both policy acquisition and inforce policy administration, and create a strategic leap forward in their member and producer services platform to position the organization for future growth. Pitney Bowes Business Insight Unveils New Version of Sagent Data Flow. LANHAM, MD (July 21, 2010) - Pitney Bowes Business Insight today announced the release of Sagent Data Flow v6.6, the latest version of its powerful and flexible data integration and business intelligence solution. With a number of new integration capabilities and zero-tolerance defect management, Sagent Data Flow consolidates data from disparate sources into a single view for improved analysis, operations and better decision-making. Developers Rate IBM Top Private Cloud: Evans Data Corporation Survey. ARMONK, N.Y., - 27 Jul 2010: IBM (NYSE: IBM) today announced that its private test and development cloud was the top choice of developers in Evans Data Corporation's Cloud Development Survey 2010. Evans Data Corporation's Cloud Development Survey Report examines the concerns, intentions and current adoption of developers regarding deploying to and developing for public or private clouds. Gartner Says 40 Percent of Global 2000 Enterprises to Have Context-Aware Computing Projects Focused on the User Experience by 2013. STAMFORD, Conn., July 27, 2010 - As Web search, mobile advertising and social platforms become increasingly interwoven, businesses will have new opportunities to provide not just content and applications, but context-aware user experiences to end users, according to Gartner, Inc. By 2013, 40 percent of Global 2000 enterprises will have context-aware computing projects focused on the user experience under way. APEJ CIOs Face New Breed of Challenges: Innovate, Drive Revenue, Help Manage Cashflow and Improve Business Processes in 2010 and Beyond, says IDC. Singapore, July 27, 2010 - Preliminary results from IDC's annual Asia/Pacific Dynamic IT Benchmark 2010 reveal that the role of the CIO is evolving into a position more tightly aligned with business drivers. With more and more CIOs receiving KPIs linked to business priorities such as cash flow management, revenue generation and product/process innovation, the fundamental role of IT is shifting. Policy and Product Management MIB Solutions' Audit Focus with Lab Data Provides Sharper Insights into Excess Mortality Risk. Braintree, MA. (June 16, 2010) - MIB Solutions, Inc. announces that Audit Focus, its risk management product that provides life insurers with a comprehensive view of excess mortality risk in their newly issued policies, will now incorporate lab data. The addition of key lab test results delivers more discriminating precision when evaluating mortality risk exposure, particularly in an insurers? best risk classes. Claims Verisk Analytics Announces New Catastrophe Index. JERSEY CITY, N.J., July 26, 2010 - Verisk Analytics, Inc. announces the launch of the Verisk Catastrophe Index ("the Index"), a new service providing highly granular loss estimates of insured property damage after catastrophes. Verisk Analytics is a leading provider of risk assessment solutions and an important participant in the insurance-linked capital markets through its Property Claim Services® (PCS®) and AIR Worldwide® (AIR) brands. J.D. Power and Associates Reports: Providing Highly Satisfying Home Insurance Claim Experiences Leads to Significantly Increased Customer Loyalty and Advocacy. WESTLAKE VILLAGE, Calif.: 8 July 2010 - Claimants of insurance companies that provide highly satisfying property claims experiences are considerably more likely to renew with their insurer and recommend their insurer to others, according to the J.D. Power and Associates 2010 U.S. Home Claims Satisfaction StudySM released today. Distribution Advisors Say Quality Of Asset Manager Web Sites Impacts Product Sales: kasina. New York, (July 19, 2010) - Advisor use of the Web continues to grow and evolve with the addition of social and mobile media. Financial advisors spend over twenty-three hours per week online at industry, social and asset manager sites. And, the quality of the asset manager sites that they visit affects their product decisions, according to 71% of these advisors, according to a study released today by kasina, a strategic management consulting firm. Business of Insurance Major changes ahead for insurance accounting, says KPMG. TORONTO, July 30, 2010 - KPMG welcomes today's release of proposals by the International Accounting Standards Board (IASB) for a new accounting model for insurance contracts. Arriving at common requirements is likely to have a significant impact on the insurance industry, considering the current diversity under IFRS in accounting practices in different geographies. Globalisation tidal wave creates new risk pathways: Lloyd's. July 14, 2010 - Globalisation over the past two decades has surged like a tidal wave. Whilst it has made the majority of us healthier, wealthier and wiser about our planet, the financial crisis has shown it also leaves society exposed to systemic risks that, if the wave breaks, require international co-operation to predict and prevent rather than react and solve. Green goes mainstream: Biodiversity climbing corporate agenda: PricewaterhouseCoopers. July 13th 2010 - No sector or business in the economy will escape unaffected by changes to the availability of environmental resources for business and consumers, according to analysis by PricewaterhouseCoopers as part of a landmark study by the UN Environment Programme (UNEP) examining the economics of biodiversity and ecosystem loss for business. Marketing and the Market Place LIMRA Explores Whether Pre-Retirees Are more like the Grasshopper or the Ant. WINDSOR, Conn., July 12, 2010- Much like the fable "The Grasshopper and the Ant", pre-retirees fall into two categories: those that have diligently prepared and saved for retirement (the ant) and those who have not (the grasshopper). A new LIMRA study finds that less than half of pre-retirees (aged 55-70) have adequately saved for retirement and, like the grasshopper, are likely to suffer the consequences in retirement?the ?winter? of their lives. Progressive Insurance Automotive X PRIZE Concludes On Track Competition Events; Announces Teams Advancing to the Validation Stage. BROOKLYN, MI - July 27, 2010 - The Progressive Insurance Automotive X PRIZE, a $10 million competition to inspire a new generation of super fuel efficient vehicles, announced today the Finalist teams who have survived all on-track testing at Michigan International Speedway (MIS), and who now move into a Validation stage before prize money will be awarded this September. Consumer Information I.I.I. Offers Safety Tips for Preventing Auto Accidents. NEW YORK, July 26, 2010 - Driver distractions or inattentive driving play a part in one out of every four motor vehicle crashes. That is more than 1.5 million collisions a year and 4,300 crashes daily, according to the National Highway Traffic Safety Administration. Text messaging, changing radio stations, even turning around to talk to passengers can prove deadly, according to the Insurance Information Institute (I.I.I.). from Doug: The lure of a friend's cottage - now year-round home - in Ontario cottage country took us away from the city last week for four days. Our hosts took us to a number of local places of interest, from an eccentric artist's farmscape to the local summertime farmers' and art market. It was a great respite from unpacking and arranging items in our new home where all the easy things are done; each additional item now requires a decision about not only where to put it, but what to do with the item that is there already. The chain reaction can be long on occasion. But, we will get there. 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. To subscribe, use the "Subscribe" link on the page at /newsletter/newsletter.php. If you are subscribed and wish to be removed or have you address changed, or are otherwise having any problems with the newsletter service, send a note to Doug Grant. 
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