The Chronicle: Issue 2013-14, April 9, 2013
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What's Going Through The Intersection of Insurance and Technology? | ||||
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Predictive Analytics: Are Winners Becoming ‘Embedded’?
Will Increased IT Importance Cause A Decline In IT Influence? |
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Technology
Selecting a Cloud Software Provider, by Jonathan Victor, VP - Operations, Oceanwide (Part 3 in a three-part series)
A recent Forrester survey found that 47% of software decision-makers were using or considering adopting cloud software in 2012. A related report by management consulting firm Navint Partners LLC found that 90% of participants reported they had received 100% of forecasted savings when their companies adopted cloud systems. The benefits of cloud software are numerous. However, it is essential that you select the right cloud system to start reaping these benefits.
Business of Insurance
Ernst & Young: Big Data is key to P&C outlook
From new product development and marketing to distribution, Canadian property and casualty insurers that harness the vast volume of data available to them to gain insight into customer preferences and behaviour will be better positioned for growth, says Ernst & Young.
Telematics
ISO introduces telematics-based GeoMetric rating rule for automobile risks
ISO announced today that it has filed its first vehicle telematics-based rating rule in 33 states and received approvals in 19 states. The optional GeoMetric rating rule for personal and commercial automobiles uses information collected via telematics to award discounts for vehicles operated in areas safer than where they are garaged.
Social Business
belairdirect launches major social media campaign
belairdirect, the first insurance company in North America to have provided online auto insurance quotes directly to customers, is taking another innovative step by launching a large-scale social media campaign. In an effort to enhance the customer experience, the company is creating a distinctive new virtual presence on Facebook, Twitter, YouTube, LinkedIn and Google+ that offers closer and more personal contact.
Consumer Information
Genworth Canada study: First-time home-buyers displaying good judgment
According to a national survey conducted by Genworth Financial Mortgage Insurance Company Canada, first-time homebuyers are adjusting to the new mortgage requirements and making informed choices about homeownership.
Distribution
Unica, with Keal and iter8, wins ICTA for automated real-time policy change solution
On March 18, at the Insurance-Canada.ca Technology Conference in Toronto, Unica Insurance, with technology provided by Keal Technology and iter8, received a prestigious Insurance-Canada.ca Technology Award. The award recognizes Unica's new automated real-time policy change solution available with Keal Technology's Broker Management System (BMS), sigXP.
Novinsoft to celebrate 20th anniversary at client meeting
Novinsoft is celebrating its 20th anniversary in 2013. Join in the excitement at this year's special client meeting to be held Friday April 26 from 9:00am until noon. The event will take place at the Chateau Vaudreuil, in Vaudreuil, on Montreal's West Island.
Claims
Aviva Canada and IBC triggered Toronto fraud investigation leading to arrest
With the public, media and government increasingly aware of the role fraud plays in the cost of auto insurance, Aviva Canada applauds the announcement of fraud charges against the owner of a healthcare clinic in Lindsay, Ontario. An investigation by Aviva Canada's anti-fraud team alleged that Mr. Arun Reddy posed as a physician and illegally treated Aviva Canada policyholders for injuries they sustained in a motor vehicle accident.