Insurance-Canada.ca Newsletter Archive
Issue 2003-23: June 10, 2003
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.
Product and Policy Management
CNA Purchases WebWriter(TM) Solution for Cargo Insurance from Insurance Systems Inc. (ISI).
CNA Marine Operations has purchased a leading Web-based application from Insurance Systems Inc. (ISI) for its OMMni.com ocean cargo insurance application. WebWriter(TM) Cargo solution is a fully secure, Internet-based software system that allows for online policy processing from quoting to binding. Designed to increase productivity and improve service, it lessens the workload for Cargo customers, brokers and insurers by eliminating the need for paper-based documents and providing an online platform to issue electronic certificates and declarations. More at http://www.insurance-canada.ca/poladmin/announce/ISICNA200306.php
Camilion Solutions Opens New Office In New York City.
Camilion Solutions, Inc., the leading supplier of Enterprise Product Management (EPM) solutions to the financial services industry, today announced that it has opened a new office in New York City. The new office will service the large concentration of insurance firms located on the eastern seaboard, which are eager to adopt new tools and processes to better manage their product life-cycles and meet the needs of specific market segments. More at http://www.insurance-canada.ca/poladmin/announce/CamilionNY200306.php
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Wisconsin Insurer Goes Live with Tritech/Picom Integrated Technology Solution.
Rural Mutual Insurance Company has introduced a leading-edge policy management, information reporting and point of sale technology solution from Toronto-based Tritech Financial Systems Inc. and Picom Software Systems Ltd. More at http://www.insurance-canada.ca/poladmin/announce/Tritech200306.php
AIG Small Business Underwriting Center Introduces Product Recommender, a New Web-enabled Risk Profiling Tool.
AIG Small Business Underwriting Center (AIG Small Business), a unit of the property and casualty subsidiaries of American International Group, Inc. (AIG), has introduced Product Recommender(SM), a new web-enabled risk profiling tool that helps small business insurance agents and brokers identify industry-specific client risks. Product Recommender also pinpoints cross-selling and up-selling opportunities by offering access to product marketing and educational materials that support the sales cycle. More at http://www.insurance-canada.ca/poladmin/other/AIG200305.php
Technology and e-Business
Web Services Explained, by Anthony Kumnick, OARBIC Software Inc.
What are Web Services? Constant change, new buzzwords do non-technical insurance professionals understand how Web Services can help enhance their ability to improve and increase business? This article can help you understand your way round Web Services and outlines some examples for P&C Insurers. More at Article at http://www.insurance-canada.ca/ebusiness/canada/OARBICWebS200306.php
Raising The Bar On Offshore IT For Insurance: Celent.
Celent predicts that offshore IT spending by North American insurance carriers will increase from US$695 million in 2003 to almost US$1.5 billion in 2006. Even so, Celent believes that most carriers are not currently maximizing the value of their offshore initiatives. More at http://www.insurance-canada.ca/ebusiness/other/CelentOS200306.php
Acordial announces the immediate launch of ACUO in North America.
Acordial announces the immediate launch of ACUO in North America. ACUO is a software development suite of products that enables you to completely reengineer and consolidate stand-alone transaction capture processes. Acordial is seeking companies and business partners who can benefit from ACUO's advanced capabilities. More at http://www.insurance-canada.ca/ebusiness/announce/Acordial200306.php
Distribution
Advocis To Launch Compliance Seminar Series at National Conference.
Attendees to Advocis' 2003 National Conference in St. John's will be able to sign up for the first offering of the Compliance Seminar Series for Advisors designed as an introduction to the different compliance issues governing financial services. The seminar will be part of the pre-conference workshops taking place on June 11, 2003, in St. John's. More at http://www.insurance-canada.ca/distribution/canada/AdvocisCompl200306.php
CSIO Insurance Portal Status Update
Week ending June 6: The number of brokers connected remains at 28.
Western has completed User Acceptance Testing, and once they officially sign off, they will go live for Ontario Property Quotes
For Ont. Property, we have been erroneously reporting ING (in Systems Testing) and Economical (in Production).
Business of Insurance
CIBC Insurance selects GeniSystems.ca Services to provide policy administration services for direct insurance marketing programs.
GeniSystems.ca Services (GeniSys), a market-leading Business Process Outsourcing firm specializing in policy administration solutions for the life insurance industry, announces that CIBC Insurance has signed an agreement to begin utilizing GeniSys' best-of-breed administration solutions to support initiatives for direct marketing of insurance products. More at http://www.insurance-canada.ca/business/announce/GenisysCIBC200306.php
Sun Life Financial leads transformation of financial services sector in Canada.
Sun Life Financial has led the way in the transformation of the financial services sector in Canada, Donald A. Stewart, Chief Executive Officer, told shareholders and policyholders at the Company's annual general meeting today in Toronto. More at http://www.insurance-canada.ca/business/canada/SunLifeFS200306.php
Managing Relationships and Customer Service
Manulife Investments leads Canadian industry with top-ranked segregated fund statement: DALBAR survey.
Investor statements for Manulife Financial's family of segregated funds in Canada ranked as the best in the country, according to a report by DALBAR. In assessing investor statements, DALBAR grades financial statements according to their success in meeting various investor needs and preferences. More at http://www.insurance-canada.ca/ebusiness/canada/ManulifeSeg200306.php
Consumer Information
Your Car - Ready for a Teen Driver? - I Promise Program.
It's after dark. Your car breaks down. Is your teen prepared? Let's face it, cars, being what they are, do run into trouble. A flat tire, broker fan belt or dead battery is enough to keep anyone in their place at any time. As we all know, these things happen when we least expect it and when we are least prepared. More at http://www.insurance-canada.ca/consinfoauto/IPromise200306.php
British Columbia Proposes Tough New Licensing Measures to Improve Safety; IBC Applauds.
The government is launching a consultation on proposed new rules to strengthen driver safety. "The public, police, parents and communities have clearly told us they support stronger measures for young drivers," said Solicitor General Rich Coleman. "Last year, we introduced the toughest measures in Canada to deal with street racing. Today we're doing more to follow up on our New Era commitment to improving public safety. With summer fast approaching, it's appropriate that we engage the public in a discussion of how to make our streets safer." More at http://www.insurance-canada.ca/consinfoauto/BCGrad200306.php
from Doug:
It is great to see more articles and announcements coming from our site participants. The article by Anthony Kumnick, OARBIC about Web Services is a good way of adding value in the market place.
Really enjoyed the last week at a heritage conference in Winnipeg - "Friendly" Manitoba exceeded their motto. Winnipegers must have wondered who we were with many of us in our eighteenth century costumes at some of the events. Fond memories.
