- Where Insurance & Technology Meet

Accountability Review: 2012 Trend Predictions

Back in the dark and early days of 2012, we spotted four trends and one megatrend that we saw impacting the Insurance-Technology activity for the year.  As the year closes, we want to give ourselves marks for accuracy.  We will tell you honestly what we think and would like to invite you to leave your… Read more »

Solstice 2012: The World Didn’t End; Insurance Technology Continues to Progress

We have to confess that we waited until after the Solstice had passed this morning before we decided to set fingers to keyboard.  It seems that the doomsayers were wrong, and the 2012 solstice brings us a new beginning. Perhaps this is a good metaphor for the world of Insurance and Technology: a few doomsayers,… Read more »

IBC Congratulates York Regional Police on more Project Sideswipe arrests

Toronto, ON (Dec. 18, 2012) – “Today’s announcement marks a significant step in the fight against insurance fraud,” says Rick Dubin, Vice President, Investigative Services, Insurance Bureau of Canada (IBC). IBC commends the York Regional Police efforts which have now resulted in charges against 9 additional individuals on the Project Sideswipe investigations. It is alleged… Read more »

New Telematics/UBI Research Highlights Opportunities, Challenges for Insurers, Brokers

New research from Strategy Meets Action (SMA) highlights opportunities and challenges for insurers and intermediaries as they consider how to align telematics and usage-based insurance (UBI) with their strategies.  SMA is clear on one point:  telematics technology and UBI are disruptive forces which will impact the personal automobile insurance market over the next decade. SMA… Read more »

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Canadian Institute of Actuaries hails retirement savings on finance ministers’ agenda

Ottawa, ON (Dec. 17, 2012) – Today federal and provincial finance ministers will be meeting at Meech Lake to debate a potential reform of the Canada/Québec Pension Plan (C/QPP), coming to grips with the fact that Canadians are not saving enough for retirement and recognizing that the pooled registered pension plan (PRPP) initiative may need… Read more »

Canadians volunteer for Manulife’s DRIVE to 125

Manulife volunteer campaign a success as Canadians volunteer over 130,000 hours for charity Waterloo, ON (Dec. 17, 2012) – Canadians collectively pledged just over 130,000 hours of volunteer work to causes near and dear to their hearts during Manulife Financial’s “DRIVE to 125” initiative, launched during National Volunteer Week in April 2012 In celebration of… Read more »

IBC commends Ontario decision to increase critical infrastructure investment

Toronto, ON (Dec. 17, 2012) – Insurance Bureau of Canada supports the Ontario Government’s announcement that it is increasing support for critical road, bridge, water and wastewater projects under its Municipal Infrastructure Strategy. Up to $90 million will be available over the next three years for critical infrastructure projects for communities across Ontario that are… Read more »

Showcasing Canadian Innovation: Technology Awards Finalists

After careful deliberation, the 2013 Jury has selected nine finalists for the coveted Technology Awards (ICTAs).  The award-winners will be announced at the 2013 Technology Conference, However, there is one clear winner already:  the insurance technology user. The Process For the fourth year in a row, has received nominations for insurers, insurance… Read more »

IBC names 2012’s Most Stolen Vehicles in Canada

Organized criminals find local market for popular pickup truck Toronto, ON (Dec. 13, 2012) – Insurance Bureau of Canada released today its annual list of the top 10 most frequently stolen vehicles in Canada. This year there is a new, but returning, hot target for thieves – the 2000 Honda Civic SiR 2DR. In fact… Read more »

Canadians Prefer Pooled Pension Plans over Higher Contributions

National Workplace Savings Survey shows 4 in 5 without a workplace savings plan worry about retirement lifestyle. Toronto, ON (Dec. 13, 2012) – In a survey of Canadians from across the country, Manulife Financial found that respondents were twice as likely to support a Pooled Registered Pension Plan (PRPP) (64 per cent), rather than increase… Read more »