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Issue 2007-35 -- Aug 28, 2007
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.
If you think a fellow employee, or someone else involved in the insurance industry, would have some interest in the information, please tell them about this page. If they wish, they can subscribe from the "Subscribe" link on the page at http://www.insurance-canada.ca/newsletter/newsletter.php.
Advertisers and Sponsors:
Thanks for renewals by:
Welcome to new clients:
Claims
Automated Benefits Corp.: Symbility Announces Mobile Claims v2.9.
WATERLOO, ONTARIO--(CCNMatthews - Aug. 9, 2007) - Symbility Solutions Inc., a wholly owned subsidiary of Automated Benefits Corp., is pleased to announce a major milestone with the release of Mobile Claims v2.9.
Audatex Extends Agreement with Aviva Canada, Inc.
SAN DIEGO, CA - August 16, 2007 - Solera Holdings, Inc. (NYSE: SLH, "Solera"), a leading provider of software and services to the automobile and insurance claims processing industries, today announced that its subsidiary Audatex Canada ULC has extended its relationship with longtime customer Aviva Canada Inc. ("Aviva"), a leading property and casualty insurance provider in Canada. Audatex has provided Aviva with core estimating solutions that help standardize the automotive claims process for more than 15 years.
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Distribution
Ten Star Financial Selects Universis Platform as Insurance Administration System.
TORONTO, AUGUST 24, 2007 – Ten Star Financial Incorporated, which ranks in the top third amongst mutual fund dealers in Canada for assets under management, has chosen Univeris, the leader in enterprise wealth management, as their insurance administration system for its 30 offices across Canada.
Advocis Helps Members Meet New Anti-Money Laundering Regulations.
August 20, 2007, Toronto, ON – Advocis (The Financial Advisors Association of Canada) today launched a new series of support services to assist its members integrate the new obligations under the Proceeds of Crime and Terrorist Financing Act. The new suite services educates members on the sweeping changes to the Act and what it means to them and their practice, guides them on how to adopt the new obligations in a cost effective way and offers training which is required under the Act.
First Standardized Producer Appointment Forms Released By ACORD.
PEARL RIVER, NY - August 13, 2007 - Taking a major step to answer an industry-wide need for standardization for the producer appointment process, ACORD announced the release of the first standardized producer appointment forms.
Product Announcements
Standard Life helps Canadians get real about retirement with the Plan for life program.
MONTREAL, Aug. 21, 2007 - The Standard Life Assurance Company of Canada is proud to launch a new program designed to help Canadians plan for the financial realities of life and retirement: The Plan for life program.
Manulife Investments hits $2 billion in sales for Canada's first guaranteed minimum withdrawal benefit product.
TORONTO, Aug. 23, 2007 - In just under 10 months, sales have surpassed the $2 billion milestone for GIF Select, featuring IncomePlus, Canada's first Guaranteed Minimum Withdrawal Benefit (GMWB) product designed to help Canadians save, protect and grow their retirement savings.
eBusiness and Technology
Anarchy is Knocking at the Gates of IT Security, Says Gartner.
SYDNEY, Australia, August 15, 2007 - The client computing world is increasingly in conflict, as individuals empowered by technology in their personal lives are increasingly pitted
against beleaguered IT departments concerned about security and compliance, according to Gartner. As the boundary between personal and enterprise computing becomes blurred, organisations should treat all network access as potentially hostile and apply appropriate security technologies and policies.
Safeguarding Personal Information Calls For A More Comprehensive Approach by Financial Services Institutions: Report from TowerGroup.
NEEDHAM, MA, August 8, 2007 - New research from TowerGroup finds that businesses are not doing nearly enough to prevent the loss or theft of customers' personal information. The pace of data loss is quickening across many industries, including financial services, because businesses commonly maintain customer databases that contain personally identifiable information (PII) but do not have clear data-protection policies or technologies in place.
The Insurer Build vs. Buy Debate: Report Published by Celent.
London, United Kingdom - 23 August 2007 - Key points of consideration for any insurer undertaking the build vs. buy debate include assessing the uniqueness of need and IT software maturity.
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Policy and Product Management
European Policy Administration Systems 2007: Life Insurance Vendors: Report Published by Celent.
There are a wide range of choices of policy administration systems among both established vendors and entrants, according to European Policy Administration Systems 2007: Life Insurance Vendors, Celent’s second report on the European vendor landscape for life insurers.
Reference and Statistics
Travel between Canada and other countries in June 2007 Reports StatsCan.
Monday, August 20, 2007, Ottawa - Americans made 1.0 million same-day car trips to Canada in June, a 2.5% increase over May. However, this level was less than half the 2.3 million same-day car trips from the United States observed each month between January and August 2001, prior to the events of September 11, 2001. (Unless otherwise specified, monthly data are seasonally adjusted.)
Business Consumer Information
Ontario's WSIB (Ontario) Enlists AMO to Join Workplace Safety Fight.
TORONTO, August 20, 2007 Steve Mahoney, Chair of the Workplace Safety and Insurance Board (WSIB), launched a new Municipal Community Workplace Health and Safety Charter at an AMO Board meeting recently.
Consumer Information
Timely tips for parents of campus-bound students, from RBC Insurance.
Many Canadians are busy getting their children ready for their first time away at university or college. But before they pack the laptops and other expensive electronic gadgets, parents would be wise to review their insurance policies to ensure their students' belongings are adequately covered for loss or damage while living away from home.
Auto insurance reforms in Ontario, Alberta and Atlantic Canada deliver $6.8 billion in savings.
The Insurance Bureau of Canada announced recently that consumers have enjoyed nearly $7 billion of auto insurance premium savings since insurance reforms were implemented in 2003 and 2004 in Ontario, Alberta, and Atlantic Canada.
If You Needed to Evacuate Due to a Disaster, Would You Know What to Do? I.I.I. Offers Tips.
NEW YORK, August 1, 2007 - In the event of a sudden emergency, you may have just minutes to gather your family and important papers, and get out of your house, possibly for good. Are you prepared? Where would you go? What would you take with you?
Our People
LOMA Wins APEX Awards for Online Content.
ATLANTA, GA-AUGUST 6, 2007-LOMA, the leading trade association to the international insurance and financial services industry and worldwide leader in learning and professional development, is pleased to announce that two of its online courses have won awards in the Awards for Publication Excellence (APEX) 2007 competition.
from Doug:
I guess my farmer childhood still peeks through from time to time. It was with some joy that I heard the patter of raindrops the other day, only our second rainfall since May. As we water only a few potted plants and one little section of flower garden, everything else is more than parched. It seems rain has fallen all around us, but rarely a drop here. I eagerly anticipate more raindrops, as the recent one hardly accumulated to even a centimetre.
NOTES/Subscribe/Unsubscribe:
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