The Chronicle: Issue 2014-02, January 14, 2014


What's Going Through The Intersection of Insurance and Technology?

ICTC2014: Focus On The Core (Plus More)
Core Insurance Systems replacement will continue to be a major thrust for many insurers and brokers in 2014, according to virtually all insurance technology prognosticators. Data suggest a majority of insurers are at various stages from planning to almost-completed. Some projects are going well. Others need some re-examination. All can benefit from additional information from experienced implementers.

Insurance and The Internet of Things
The Internet of Things (or IoT) is just climbing out of the geeky world and hitting the horizon of business. The Internet is a network of networks, allowing users to access resources such as data and applications on other networks. IoT broadens this by expanding ‘user’ and ‘resources’ to include applications, devices, processes, etc. We believe that implementations of IoT will have far-reaching impact on the insurance world in a number of ways; some are technology-related, some business-related.

The Intersection: Insurance-Canada.ca Blog
The Intersection

an Insurance-Canada.ca Blog


12th Annual Insurance-Canada.ca Technology Conference

Be social, in person. Network with your peers and catch up to the latest technology at ICTC2014. Early-bird rates in effect until January 31st.

Welcome and thank-you to our 2014 conference sponsors:

Exigen as a Silver Sponsor.
OneShield as a Silver Sponsor.
Audatex as a Silver Sponsor.
iCon Alliance as a Conference Supporter.

11th Annual Insurance-Canada.ca Technology Conference
ICTC 2014
“Re-energize, Refocus, Realign”
March 17-18, 2014


Policy Management

InEdge: Top 3 characteristics of a successful insurance analytics rating solution
Since the ultimate cost of their services is unknown when the contracts are signed, insurers face the uncertainty of not knowing in advance how much they will charge while nevertheless remaining bound by the requirements of profitability and competitiveness. InEdge presents here the top three characteristics to ensure a successful analytics rating solution for optimal pricing. Most insurers face similar issues and these guidelines and principles should help you extract more value from your pricing solution.

Industrial Alliance readies for roll-out of Exigen Policy Administration, Billing and Claims Solutions
Industrial Alliance Auto and Home Insurance (IAAH), and Exigen Insurance Solutions (EIS), a leading global provider of core systems and business transformation to insurers, have announced that Industrial Alliance will go live in early 2014 with its new EIS underwriting, policy administration, billing and claim management solutions for auto and homeowners and other personal lines of business for its operations in Quebec. The Exigen Suite™ applications PolicyCore™, BillingCore™ and ClaimCore™ will provide Industrial Alliance an advanced, multi-line platform for growth that will improve operational efficiency, product distribution management and customer service.

Business of Insurance

Towers Watson: Insurers can use risk appetite statements more effectively
Many senior insurance executives are dissatisfied with the business advantages gained so far from the investment of time and money in developing risk appetite statements, according to an ongoing series of discussion papers published by global professional services company Towers Watson.

Technology

MARCON Mobility Newsletter: Developing a new vehicle from the outside in
What is zoox? A company with a vision to design a car at the highest level of autonomy. The team at zoox would like to bring all the advantages of a fully autonomous vehicle to the marketplace, and avoid the issues that some of the intermediate levels of self-drive may well create.

GMC Software releases client onboarding application
GMC Software Technology, the award-winning leader in Customer Communications Management (CCM) and output management, announces the release of its latest application, GMC Inspire Client Onboarding for Insurance.

Marketing

Equifax Canada and Environics Analytics partner to enhance the power of data-driven marketers
Equifax Canada, a leading provider of consumer and commercial information solutions, has announced a partnership with Environics Analytics, the premier marketing services and data analytics company in Canada, to deliver more robust solutions for direct marketing and customer acquisition. Through this partnership, Equifax and Environics Analytics will be able to better equip data-driven marketers to sell the right products and services to targeted segments based on consumer behaviour.

Consumer Information

IBC: Ring in the New Year with a home insurance review
After the excitement of the holidays and the exchange of gifts, many people have a little break around the New Year. It's the perfect time to review your home insurance policy and update your home inventory, especially if you've received expensive gifts such as jewellery, TVs or electronics this Christmas.

Hagerty announces New Brunswick classic car program underwritten by Aviva Canada
Hagerty, the world's leading provider of classic vehicle insurance, and Aviva Canada Inc., one of Canada's leading providers of home, auto, recreational vehicle, group and business insurance are pleased to announce the launch of a classic car insurance program in New Brunswick, Canada. This classic car insurance program is a specialized “Agreed Value” policy that differs from a regular auto policy by recognizing classic car values do not depreciate and typically increase over a period of time.

Jobs and Careers

Economical Insurance appoints new chief operating officer Tom Reikman
Karen Gavan, president and chief executive officer of Economical Insurance, is pleased to announce the appointment of Toomas (Tom) Reikman as senior vice-president and chief operating officer (COO) effective January 20, 2014. As COO, Mr. Reikman will report directly to the president and CEO.


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