"Chronicle" weekly newsletter - Where insurance and technology meet

AUGUST 16, 2016

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Rise in Breaches Driving Growth of Cyber Security Market
Research and Markets has announced the release of a new report, Cyber Security Market: Global Forecast to 2021. Read more.

Insurers Turning to Predictive Analytics
More than half of insurers now use predictive analytics to refine data-driven capabilities for pricing and risk determination, but maturity levels vary widely. The most recent Novarica Market Navigator Report™ guides insurers through a wide range of solutions in this rapidly emerging market. Read more.

SMA Research on Emerging Technologies in Insurance
Strategy Meets Action has announced new research on emerging technologies and innovation in insurance. A survey live now in the market is aimed at P&C and L&A insurers and agents in North America. Read more.

Applied Systems Acquires Relay Software
Applied Systems has announced the acquisition of Relay Software, the leading provider of insurance software to insurers and brokers in the Republic of Ireland Read more.

Knight Archer Acquires Credit Union Subsidiary
Knight Archer Insurance has reached an agreement to acquire Conexus Insurance, the insurance subsidiary of Conexus Credit Union. Read more.

“Turning Insurance Outside-In”: ICEF2016
4th annual Executive Forum, Aug. 30

Join your peers at ICEF2016 and learn from an array of industry thought-leaders.

Identify strategies from “Innovating Insurance: Lessons From The World's Leading Innovators” by Anthony Marshall, Research Director and Strategy Leader, IBM.

Discuss “Digital and CX: Setting the Strategy and the Stage” with a panel of experts: Joe Cooper, keynote speaker; Mike Fitzgerald, Celent; and Daniel Shum, Deloitte.

Take this opportunity to network with sponsors, including:


Silver sponsor EY can help you find growth opportunities in uncertain times.


Virtuace, a bronze sponsor, delivers exceptional results in the development of enterprise-scale software systems.

SCM RMS Announces PLM Group to Join rmsQuantify
SCM Risk Management Services, the leading national risk management services company in Canada, is pleased to announce that the Ottawa-based PLM Group has joined rmsQuantify™. Read more.

Hortonworks Announces Next Generation of DataFlow
Hortonworks has announced the next generation of Hortonworks DataFlow, version 2.0 for enterprise productivity and streaming analytics. Read more.

AIG Brings Luxury Home Design & Construction Risk Mitigation Service to Canada
AIG Canada has announced the launch of Smart Build, a risk management and mitigation service for luxury residential construction projects. Read more.

First Parametric Insurance For Natural Disaster Risks
Swiss Re has entered into a reinsurance protection scheme with the government of Heilongjiang Province and the Sunlight Agriculture Mutual Insurance Company of China. Read more.

Severe Ontario Storm Costs Millions in Damage
Insurance Bureau of Canada reports a severe July storm in southern Ontario has resulted in more than CAD 30 million in insured damage, according to Catastrophe Indices and Quantification Inc. Read more.

ICEF2016 Executive Forum, Tuesday, August 30, 2016

The Intersection: Blog

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

The Future of Insurance Work?
The insurance industry has a reputation for being a stable, consistent employer with a structured model for talent acquisition and development. But new demands may require additional skills, training, and terms of engagement to meet an emerging disruption.
Read more.

Share Your Views on Innovation and Emerging Technologies in Insurance

Share your views in the annual Strategy Meets Action research study on emerging technologies and innovation in insurance. The study will address progress and plans for innovation, as well as key emerging technologies, including autonomous vehicles, wearables, drones, A.I., and the Internet of Things.

Take the survey now and include your contact information for a chance to win a Smart Home Hub. If there are sufficient responses, results will feature a breakout of the Canadian data.

From Doug

The M&A activity continued last week – insurance providers, insurance services and technology suppliers. Rapid change and innovation are keeping things interesting.

Coping with this upheaval will be challenging for all, including insurance. The completed agenda for the Executive Forum addresses this new mindset – what's happening, the challenges, the approaches. I look forward to the presentations and to the discussions that result.

For now, in southern Ontario, this week is still about summer weather ... and the Rio Olympics – go Canada!

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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