"Chronicle" weekly newsletter - Where insurance and technology meet

OCTOBER 10, 2017

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Change For Insurers As Orthodoxies Challenged
A new thought leadership report sponsored and published by Majesco provides a view on the disruption and change within the global insurance market from Global Futures and Foresight, highlighting Majesco points of view. Read more.

The AI Paradox: What Does It Mean For Insurers?
Listen to the pundits, and you get the impression that artificial intelligence is taking over the world. It all sounds fantastic, but dig a little deeper, and you'll discover a paradox ... Read more.

Blockchain Initiative Expands Membership
The Blockchain Insurance Industry Initiative B3i has expanded with 23 new entrants – including Willis Re, AIG, Chubb, Guy Carpenter & Marsh, and Aon – to help with market testing. Read more.

Top 10 Strategic Technology Trends For 2018
Gartner has identified the top strategic technology trends that will impact most organizations in 2018, illustrating how AI and machine learning are seeping into everything and represent a major battleground for technology providers over the next five years. Read more.

Turo Launches Car-Sharing Marketplace in B.C.
Sharing economy pioneer Turo has announced that its car-sharing marketplace is now officially available in British Columbia, expanding to a new Canadian province for the first time since its launch in Alberta, Ontario and Quebec last year. Read more.

Accenture, Duck Creek Unveil New Solutions
Accenture and Duck Creek Technologies have created an array of new digital and emerging technology solutions, including advanced telematics, data analytics and blockchain solutions for insurers. Read more.

Guidewire To Acquire Cyence
Guidewire Software has entered into a definitive agreement to acquire Cyence, a software company that applies data science and risk analytics to enable P&C insurers to grow by underwriting “21st century risks” that have gone underinsured or uninsured. Read more.

MSH International Strengthens Position With Acquisition Of Imagine And Intrepid 24/7
Robust capabilities combined, MSH and Ingle's enhanced global footprint will facilitate a wider distribution of products and services. Read more.

Valeyo & ASAPP Form Strategic Alliance
Valeyo and ASAPP Online Solutions Inc. are pleased to announce that they have formed a strategic alliance to incorporate insurance solutions within the ASAPP omni-channel account and loan origination solution. Read more. Picks Sharp Mobile For CX
Sharp Mobile Technology Ltd. is pleased to welcome to its growing list of clients. With 19 locations throughout Atlantic Canada, is one of Atlantic Canada's largest Insurance Broker Networks. Read more.

InsurTech Triggers Personal Lines Transformation
Strategy Meets Action has released a new research report which analyzes the current state of the InsurTech world by assessing approximately 600 startups that SMA has identified as relevant for personal lines insurers. Read more.

IBM Announces A.I. For Healthy Living Center
IBM and the University of California San Diego have announced a multi-year project to enhance quality of life and independence for aging populations through the groundbreaking new Artificial Intelligence for Healthy Living Center (AIHL). Read more.

Distracted Driving Is Always A Bad Call
Picking up your phone while driving to let your friend know you're running late? That's a bad call. It's illegal, it's dangerous, and the penalties are stiff. Read more.

The Intersection: Blog

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

The Era of the Digitally Unthinkable
Digital transformation is a hot topic these days. In many ways, the technology is a catalyst for different approaches to the business of insurance. To take advantage, insurers and suppliers will have to look at the existing relationships and commit to new terms of reference. Are we prepared? Read more.

InsurTechTO - Monday, November 6, 2017
November 6, 2017 – Westin Harbour Castle

Emerging startups will battle it out at InsurTechTO in a pitch competition for early-stage ventures creating technology-enabled solutions to disrupt the insurance industry.

Register today – early-bird savings until Oct.13!

We are also hosting a FREE Webinar on October 18 looking ahead to the main event – InsurTechTO: Canadian Perspectives, Eh? Click to register.

From Doug

We have arrived home from Nepal and Bhutan – countries which are developing quickly, becoming much more urban, and rapidly adopting modern communications and transportation.

In Kathmandu, a highlight was a visit to old Durbar Square, a UNESCO Heritage site and a hive of activity, both tourist and local – despite being still in the early stages of restoration from the earthquake a few years ago.

Our thoughts go out to those suffering after the terrible events in Las Vegas, which filled the TV news even on the other side of the world.

We think of the challenges we have in Canada, including rapid changes in insurance and business, but they certainly pale in comparison to the issues many others face.

Have a happy and safe Thanksgiving.

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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