Insurance-Canada.ca Newsletter Archive
Issue 2002-36: September 10, 2002
This newsletter is for members of the Canadian Insurance Industry, and those who serve it. The newsletter is published weekly, and notes information mostly about the use of the Internet and related technologies in the industry. Some is international, where we feel it is relevant to Canada.
Distribution
Industrial Alliance Acquires Certain Assets of Leduc & Associates
Securities (Canada) Ltd.
QUEBEC CITY, Aug. 30, 2002 - Industrial Alliance Insurance and
Financial Services announced today that its new subsidiary,
Industrial Alliance Securities Inc., has made the acquisition of certain assets of Leduc & Associates Securities (Canada) Ltd. Regulatory authorities have already approved the acquisition. More at http://www.insurance-canada.ca/distribution/canada/IndAllLeduc200209.php
CSIO Insurance Portal Status Update
Week ending September 6: Several Insurers, including Dominion, ING, CGU, RSA, and AXA, are doing their user acceptance testing of the rates for Ontario Auto. These have been loaded onto the "staging environment" of the Portal. As each company's rates are approved, they will be moved over to the final "production environment", and the effort will move to loading Ontario Property. Lombard and Economical continue testing, but Economical is pretty much complete for both auto and property quick quote.
The performance testing for the CSIO Insurance Portal "Production environment" is nearly completed, and ready for rates to be loaded and then move into pilot.
Policy Management
iter8 Helps Insurers Reduce Regulatory Costs.
September 4, 2002: CGU Group Canada Ltd., one of Canada�s leading property and casualty groups, has chosen iter8 Incorporated to deliver a technology solution that will simplify regulatory filings. More at http://www.insurance-canada.ca/poladmin/announce/iter8200209.php
AIM Underwriting Agencies Launches iter8 Technology Solution.
Toronto, September, 2002 � AIM Underwriting Agencies Limited, a London, England-based underwriting management company, has introduced in Canada a leading technology application developed by iter8 Incorporated. The Web-based underwriting management system has the capability to capture information, rate and underwrite a policy, create a declaration page, download and upload information to and from broker management systems using EDI, create reports and submit data to regulatory bodies. More at http://www.insurance-canada.ca/poladmin/announce/Iter8AIM200209.php
Marketing
Maritime Life introduces unique solution for managing disability in the workplace.
HALIFAX, N.S., Sept. 5, 2002 � Maritime Life introduced a unique new product, ProAct(TM), to the group insurance marketplace today. This exclusive disability management program will help employers cope with the effects of rising short-term disability absences and costs. More at http://www.insurance-canada.ca/market/canada/MaritimeDI200209.php
The Co-operators Astounded by Newfoundland Minister's Allegations.
GUELPH, ON, Aug. 30, 2002 - After having responded in writing to inquiries from the Department of Government Services and Lands on its efforts to stay in business in Newfoundland, The Co-operators was shocked today when it learned that Minister Walter Noel issued a release condemning a new business practice. More at http://www.insurance-canada.ca/market/canada/CoopNF200209.php
Majority of BC drivers still support insurance competition - Poll by Pollara.
VANCOUVER, Sept. 4, 2002 � A new survey of BC motorists suggests overwhelming support for full competition and choice in BC auto insurance, allowing a level playing field for private insurers in the market. The survey was carried out by POLLARA, one of Canada's leading polling firms. More at http://www.insurance-canada.ca/market/canada/BC200209.php
Canadian Teens Find Homework Help Online: eMarketer.
A recently-published study from Ipsos-NPD Canada reports teenagers do 57% of their homework on a computer, compared to just 36% who said the same in 1998. Additionally, the study notes that 40% of Canadian teenagers' homework is done online, compared to 30% in 1999. More at http://www.insurance-canada.ca/market/canada/eMrkrTeens200209.php
ConsumerInfo Health
Manulife Nursing Care Income Plan offers to help Canadian families cover costs for long-term and nursing home care.
WATERLOO, ON, Sept. 3, 2002 - Manulife Financial is launching a new annuity called the Manulife Nursing Care Income Plan designed to help Canadian families cover costs to care for their elderly family members who need nursing home or long-term care. "Through one up-front investment, this annuity provides families with a better option to more effectively cover ongoing bills for nursing care," said Bruce Gordon, Manulife Financial's Executive Vice President of Canadian Operations. More at http://www.insurance-canada.ca/consinfohealth/Manulife200209.php
from Doug:
I really hate to say that I am looking forward to the cooler break in the weather here which is promised for tomorrow (my Presbyterian background), but I am. I wish we would get some rain too.
Our objective is to publish this newsletter 48 times a year, and I am anticipating a break next week, so there may well be no issue for Sept. 17. I am going with a group to the Mohawk Valley/Albany area
to do family research for a week on pre American revolution
ancestors who were from then New York Province and areas.
Our Life Insurance Distribution seminar this Friday Sept 13 is proving quite popular. There are a few seats remaining - details at http://www.insurance-canada.ca/seminars/seminar20020913.php
