"Chronicle" weekly newsletter - Where insurance and technology meet

FEBRUARY 28, 2017

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Time to Replace Your Legacy Billing System?
Answering these five questions could help your organization assess the gap between your current capabilities and the efficiencies and customer experience gains possible with modern billing systems.
Read more.

Economical Moves Closer To Demutualization
The process for the conversion of Economical Insurance from a mutual company to a share company has reached a major milestone; the Ontario Superior Court of Justice has appointed members to serve on policyholder committees, which can now begin to negotiate the allocation of financial benefits resulting from the demutualization of Economical.
Read more.

Huge Spending on Digital Transformation: IDC
A new update to the Worldwide Digital Transformation Spending Guide from International Data Corporation (IDC) forecasts worldwide spending on digital transformation (DX) technologies to be more than 1.2 trillion USD in 2017.
Read more.

Growth Strategies Can Advance Digitalisation
Willis Towers Watson's latest report, carried out in conjunction with Mergermarket, investigates merger and acquisition trends in the insurance sector, based on a survey of 200 senior-level executives.
Read more.

Hub Purchases Assets From Claude Picard
Hub International Limited has announced that Hub Quebec has purchased certain assets from Claude Picard. Claude Picard will join Hub Quebec, bringing with him a commercial line book of business.
Read more.

Policy Works & AEGIS Renew Partnership
Policy Works and AEGIS London have renewed their Canadian strategic partnership for 2017 to provide a platform to help coverholders quote, bind, and issue and upload policies to the Lloyds Canada System.
Read more.

US-Reports And Canadian Reports To Merge
H.W. Kaufman Financial Group has strategically combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm. The merger will continue their global presence and allow a single source for loss control inspection, premium audit, and risk mitigation services under the Afirm brand.
Read more.

ICTC2017: 15th annual Technology Conference - Tuesday, Feb. 28, 2017

The Intersection: Blog

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

Automated Driver Assistance Systems and the Impact to Insurance Costs
by Adam Mitchell, Mitchell & Whale

Long available as high-end luxury vehicle options, Advanced Driver Assistance Systems (ADAS) are now offered on a number of 2017 vehicle models. Some auto insurers offer discounts for vehicles with specialized safety features.

Insurance brokers will be increasingly important in the roll-out of ADAS insurance discounts. Brokers are closer to the customer; moreover, they are in a better position to determine and confirm exactly what system the vehicles have. Read more.


• A silver sponsor at the Technology Conference, Salesforce will ponder whether InsurTech is hype, or real looking at digital transformation and distribution.

• For core processing, data and analytics, and digital engagement, visit the exhibit by Guidewire, a bronze sponsor at the 2017 Technology Conference.

• A bronze sponsor at the Technology Conference, DMTI Spatial will feature high-precision location-based information and data quality solutions.

• Keys to success – reframe core systems and enable digital customer experience – from Information Builders, a silver sponsor for the 2017 Technology Conference.

getClarity, a bronze sponsor at the Technology Conference, will show how data they gather can provide unique insights for insurers and brokers.

• Stop the presses! Check in with Canadian Underwriter, an exhibitor and our exclusive media sponsor for the 2017 Broker Forum.

From Doug

Proof's in the Pudding

Today is the day – the first of two, back to back.

For the last year we have been organizing and putting together our Technology Conference and the Broker Forum.

Our hope is to offer a program which you want to attend, and to meet our own objectives by to providing content which will help you to meet yours.

By evening tomorrow, this will all be a part of history.

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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