The Chronicle: Issue 2013-19, May 14, 2013
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What's Going Through The Intersection of Insurance and Technology?
Innovation/Collaboration Go Operational at #acordloma13
In the Spring, Do Canadian Insurers' Thoughts Turn to ... Telematics? |
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Events, Surveys and Webinars
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Telematics
Telematics Update webinar: Pinpoint the ROI of UBI in Order to Accelerate Mass Market Adoption
Telematics Update has brought together UBI experts for a webinar to explore the financial and service benefits for insurers and consumers that UBI can yield. The free interactive event will be held on Thursday, May 9, 2013. Registration is now open.
Desjardins offers Telematics/UBI Auto Insurance Program “ajusto” in Ontario, Quebec
Desjardins Insurance is the first auto insurance company in Ontario to offer auto insurance coverage where policyholders can take control of their potential savings. If you drive well and drive less, it allows you, the policyholder to save more over and above all other savings offered.
Technology
Gartner: Competitive Advantage with Big Data will require both technology and business innovation
CIOs must realize that innovation needs to go well beyond the technology used to manage big data, according to Gartner, Inc. To get maximum value, enterprises will need to seek and embrace innovation in the way business problems are analyzed with big data.
Social Business
IBM helps Security First Insurance analyze social media data after a disaster
IBM today announced that Security First Insurance, a leading homeowners insurance firm based in Florida, is using smarter content software from IBM and partner Integritie to collect and analyze big data including social media and email to quickly begin the claims resolution process for customers who have been impacted by a storm.
Policy Management
MphasiS launches BaaS, a comprehensive billing solution for the insurance industry
MphasiS, a leading IT services provider, today launched its Billing as a Service (BaaS) solution for the insurance industry. An end-to-end cloud- based solution, BaaS enables carriers to manage their complex billing requirements efficiently.
Guarantee Company of North America selects OneShield Dragon
The Guarantee Company of North America, a leader in specialty insurance within the North American marketplace, and OneShield, Inc., a global provider of flexible, enterprise class and content-rich core systems for property/casualty insurers, are pleased to announce OneShield Dragon as the policy, rating and billing system of choice for the leading insurer.
Business of Insurance
Sapiens launches DECISION for Insurance business logic solution
At the ACORD LOMA Insurance Systems Forum, Sapiens International Corporation, a global provider of innovative software solutions for the financial services industry, today announced the introduction and general availability of Sapiens DECISION for Insurance, a business decision management solution deigned to provide a single source for enhanced business decision making.
IBC: Industry commits to working with New Brunswick government on auto insurance changes
Insurance Bureau of Canada will work with the government and the insurance industry to ensure smooth implementation of the changes to the minor injury damages cap for New Brunswickers. The Government of New Brunswick announced that it will increase the pain and suffering damages cap for people suffering minor personal injuries in automobile collisions, and will subsequently increase that maximum amount annually beginning in 2015.
Consumer Information
IBC warns Canadians to be prepared and protected against severe weather disasters
Insurance Bureau of Canada is helping Canadians better prepare for severe weather should disaster strike. There is often much discussion about what you can do to prepare before disaster strikes. But IBC wants to remind Canadians it is equally important to know what to do during and after a weather related tragedy.
SGI Canada and Kanetix partner to deliver small business online quoting service
SGI Canada and Kanetix are excited to announce the addition of two new products that are now available for quote on SGI Canada eQuote. Small business owners in Saskatchewan can now obtain a quote online for SGI Canada's small business packages of Toolbox Pak and Energy Pak. The quoting of small business packages compliments the ability to get an auto quote which is already available on eQuote.
In The Community
Economical supports reduction of violence in Quebec schools with sponsorship funding
Economical Insurance, one of Canada's leading property and casualty insurance companies, is helping to empower Quebec youth to make their schools safer places to learn and play by providing three years of sponsorship funding for the “United without violence” program.
The Co-operators recognized among Canada's Green 30 for environmental commitments
The Co-operators has once again been recognized for its commitment to protecting the environment as several of its member companies were listed among Canada's Green 30 by Aon Hewitt for the fourth consecutive year.