"Chronicle" weekly newsletter - Where insurance and technology meet

NOVEMBER 15, 2016

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Blockchain Gains Momentum in Insurance Industry
Strategy Meets Action (SMA) has released a new research report on blockchain in insurance which quantifies what is actually occurring in the industry for the property/casualty and life/annuity segments.
Read more.

Travelers Canada Appoints New President & CEO
Travelers Canada has announced the appointment of Heather Masterson as President and Chief Executive Officer, effective as of November 10. Masterson succeeds Duane Sanders, who has taken a senior leadership role in the company's largest business segment in the United States.
Read more.

Vertical Group Acquires Axis Insurance Managers
Vertical Insurance Group Ltd., the owner of Shaw Sabey, Metrix, Core, Magnes, LMG and other retail insurance brokerage businesses, is pleased to announce it has acquired the majority interest in the capital of Axis Insurance Managers Inc. Read more.

BrokerTeam Group Launches Auto Quoting Engine
BrokerTeam Group continues to push the boundaries of technology and improve customer experience with the launch of its proprietary auto insurance quoting engine, developed to quickly and accurately provide rates from multiple insurers in real-time. Read more.

Manulife Launches Premium Protection Plan
Manulife has announced the launch of the Manulife Premium Protection Plan™, an innovative product which can ease concerns for travelling Canadians with travel insurance coverage for trip cancellation, trip interruption, emergency medical, baggage loss and delay and accident insurance. Read more.

Chubb Liability Suite Protects Family Offices
Family offices face significant liability exposures, but a new suite of insurance coverages from Chubb can help manage the risk for Canadian firms. Family Office Amplifier is a flexible package of coverages that includes specialized terms and conditions that reflect today's evolving financial and regulatory environment.
Read more.


ORBiT Annual Members' Meeting
November 22, Insurance Institute of Ontario
Theme: “Roadmap to Speed and Profitability”
Register now.

ExamOne joins Manulife Vitality
ExamOne has joined the Manulife Vitality program as a provider of Vitality Check, a free physical fitness checkup service to give members an update on their general health and health risks, through which members will earn Vitality Points, which can lead to rewards including discounts on their life insurance premiums.
Read more.

Groupe Lepelco Insurance Selects Applied Epic
Applied Systems has announced that Groupe Lepelco Insurance has selected Applied Epic to manage its entire business operation in a single application. Applied Epic will provide Groupe Lepelco Insurance a flexible application to automate operations and scale growth as part of their digital transformation strategy.
Read more.

Pembridge, Pafco Obtain Certification for eDocs
The Centre for Study of Insurance Operations is pleased to announce that Pembridge Insurance Company and Pafco Insurance Company have both obtained CSIO Certification for Personal Lines eDocs.
Read more.

Robot Cars Won't Retire Crash-Test Dummies Any Time Soon
The idea of fully self-driving cars is tantalizing, not only for the convenience factor but also because it offers the potential for a crash-free future. While that promise may one day come to fruition, it is far too early to retire the Institute's crash-test dummies. There will be many crashes on the road to Vision Zero.
Read more.

Auto Claims Costs Put Pressure On Insurance Price
U.S. auto insurance companies have seen private-passenger loss costs rise sharply as insurers receive more and costlier claims, according to a new white paper from the Insurance Information Institute.
Read more.

The Intersection: Blog

What's going through the Intersection
of insurance and technology?

The U.S. Election, Tech, and Coming Home
Since the outcome of the US presidential election, the path forward has been a bit foggy. There is one straightforward result, however, that impacts Canada's largest tech community. If Obama-loving Silicon Valley loses an ally in the White House, does this open opportunities for other countries that are a bit more accommodating? The short answer is yes – but beyond that, there is a strategy already in place, being executed, and available to be ramped up in the current environment. Read more.
Technology Awards

Desjardins's 2016 ICTA

Sharp Insurance was recognized for the iMobileBroker digital streamlining tool at the 2016 ICTA awards ceremony. Technology by Sharp Mobile Technology Ltd.

Capture the spotlight. Feature your innovation. Reward your team. Make a nomination today.
18 days remain until the December 2 deadline.

Benchmark IME

Benchmark IME November 2016 Conference
Wednesday, November 23, 2016, 9am - 3:30pm
Topics include medical marijuana, privacy & information management.
Details and registration.

From Doug

This past week we celebrated the lives of two family members, both born in the early 1920s. One had a failing body but a bright mind; the other suffered from dementia. Until recently, they led wonderful lives. Through rural upbringings, both experienced early automobiles, the Great Depression, the arrival of electricity and indoor plumbing, the Second World War, and economic boom times. They adapted.

Today, we face rapid change and the dramatic transformation of technology. Like our parents (and theirs), we too will adapt. Enjoy the ride.

Doug Grant, CIP

Doug Grant

The Chronicle weekly newsletter features news, events, and general information relating to insurance, technology, and innovation in the Canadian insurance industry and the marketplace. Subscribe here or view past issues.

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