The Chronicle: Issue 2013-20, May 21, 2013
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What's Going Through The Intersection of Insurance and Technology?
Telematics/Usage-Based Insurance: Where Do Canadian Brokers Fit?
Can IT Be Aligned with Turbulence? |
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Technology
IBM drives enterprise adoption of Big Data, Cloud, Mobile and Social Business technologies
As the world experiences sweeping business change powered by big data, cloud, mobile and social business technologies, IBM has unveiled new business process and integration software and services that will enable global organizations to accelerate adoption. As the adoption of big data, cloud, mobile and social business technology continue to transform industries, IBM's new business process and integration software and services will enable organizations to meet these growing needs.
Gartner: Half of employers will require workers to supply their own devices by 2017
As enterprise bring your own device (BYOD) programs continue to become more commonplace, 38 percent of companies expect to stop providing devices to workers by 2016, according to a global survey of CIOs by Gartner.
Telematics
Desjardins launches Ajusto UBI Program in Ontario
Desjardins Insurance has launched Ajusto, the first widely-available car insurance program in Ontario to offer savings centered on usage-based insurance technology. New and existing customers of Desjardins Insurance can now save up to 25 per cent more on their car insurance based on their driving habits.
In The Community
State Farm donates to Red Cross cottage-country flood recovery
Farm has made a donation to the Canadian Red Cross to help with its efforts in assisting Ontario residents affected by damaging spring flooding. The municipalities of Bracebridge, Minden Hills, Bancroft, Kawartha Lakes, South Algonquin, Markstay-Warren and Ramara declared states of emergency in April and the Canadian Red Cross has been on-site to assist in the recovery efforts.
Business of Insurance
Munich Re predicts global insurance-sector growth until 2020
According to a study by Munich Re, the global insurance market will grow strongly in the years to come. Munich Re's Insurance Market Outlook 2013 arrives at the conclusion that growth rates will be especially strong in emerging countries. Growth in the reinsurance market will be slower than that in the primary insurance industry.
IFIGS: the International Forum of Insurance Guarantee Schemes officially launched
The International Forum of Insurance Guarantee Schemes has been officially launched. IFIGS was established by leading insurance guarantee schemes from around the world interested in sharing their experiences in providing protection to policyholders in the event their insurance company fails.
Allstate Canada survey shows Canadian insurance confusing for majority of Chinese Canadians
A new survey by Allstate Insurance Company of Canada shows 61 per cent of Chinese Canadians find all the options for purchasing auto and home insurance confusing and that three in ten respondents are not confident about their insurance knowledge.
Western Financial Group finalizes agreement on sale of Coast Capital Insurance Services
Western Financial Group and Coast Capital Savings Credit Union announced that they have reached an agreement on the sale of Coast Capital Insurance Services Ltd. by Coast Capital to Western.
Consumer Information
IBC launches young driver awareness campaign with GAA
Insurance Bureau of Canada and Groupement des Assureurs Automobiles have launched “En voiture, j'assure!” – a far-reaching campaign to raise awareness among young drivers, based on the results of a SOM survey.