Insurance-Canada.ca "Chronicle" weekly newsletter
Insurance-Canada.ca - Where insurance and technology meet

JANUARY 30, 2018

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INSURANCE INDUSTRY NEWS

N.S. Okays Electronic Proof of Auto Insurance
CSIO applauds the Office of the Superintendent of Insurance of Nova Scotia on becoming the first regulator in Canada to permit electronic proof of auto insurance (EPAI), or eSlips. Read more.

Agents & Brokers Are Dead; Wait, Not So Fast!
Although some InsurTech startups are staking their success on displacing agents and brokers, SMA does not believe that independent agents and brokers are dead. Read more.

Quantum Computing & Fundamental Change
Quantum computing will bring about a change in technology that will impact the fundamentals underlying data and insurance core systems. Novarica provides an overview with potential areas of impact. Read more.

Slice Launches Digital Insurer-as-a-Service
Slice Labs Inc. has announced the availability of Insurance Cloud Services (ICS), a cloud-hosted, end-to-end, digital-first platform designed and built to drive experimentation and deployment. Read more.

Mutual Fire B.C. Provides eDocs With BrovadaOne
Willis Towers Watson has announced that The Mutual Fire Insurance Company of British Columbia now offers eDoc functionality for their brokers, leveraging the BrovadaOne solution. Read more.

Tsunami Warning Highlights Earthquake Risk
Approximately 4,000 earthquakes are recorded in Canada each year. Most of them are too small to be felt, but there is an estimated 30% chance a significant quake will hit B.C. within 50 years. Read more.

SSQ Insurance Launches Telemedicine Service
SSQ Insurance is pleased to announce that it is partnering with the Dialogue virtual platform to provide its employees and insured members with instant access to health professional services. Read more.

Rhodes & Williams Launches New Website, App
Rhodes & Williams Insurance Brokers has launched its newly redesigned website with lightning-quick predictive search options and an industry-leading self-serve client centre mobile app. Read more.

ICTA NOMINATIONS

Digital Transformation For Fiduciary Bonds
Using Kerby-Reid's online self-service FLEX platform, Praesto Presto has created a fully automated estate bond and executor/trustee E&O insurance product available to law firms across Canada. Read more.

Kanetix.ca Improves Lead Generation With AI
Kanetix.ca used artificial intelligence to improve customer segmentation and conversion targeting with an aggressive Conversion Rate Optimization program to maximize marketing dollars spent on customer acquisition. Read more.

OTIP: Capturing the Digital Age Customer
OTIP undertook a two-year journey to ‘Capture the Digital Age Customer.’ This came with a significant financial investment and organizational commitment to challenge the status quo. Read more.

Johnson Inc. Provides On-Line Self-Service
Johnson Inc. now delivers a wide selection of online self-service options for customers, who no longer have to place a phone call to have their home and auto policies serviced. Read more.


“Insurance Vectors in Play:
Risk, Technology, Engagement”

Insurance-Canada.ca Technology Conference
Feb. 27-28, 2018 — Toronto

Register now or see complete details.



Join Octo at ICTC2018

Octo is proud to once again by a Gold Sponsor for the 2018 Insurance-Canada.ca Technology Conference.

Please join Octo's Cletus Nunes for a session entitled “New Opportunities: Integrating Telematics Data in Claims for Immediate and Future Value”; or stop by booth #5 to learn more about how telematics can improve your claims process and loss ratio.




The Intersection: Insurance-Canada.ca Blog

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

Disruption To The Core
Since 2015, there has been an avalanche of new InsurTech applications that are designed to disrupt existing process and products. Initially, insurers were overwhelmed with opportunities. This is changing rapidly. Suppliers are bringing forward technologies that will require a clear alignment with insurers and an understanding about new linkages to risk data. Read more.


From Doug

Within the insurance business, technology is second only to people in importance. Tomorrow, in our free Tech Watch 18 webinar, we will look more closely at four strands to keep an eye on: AI, Blockchain, Telematics, and CX.

We tip our hat to those organizations who have recently implemented technology that made a difference in their insurance businesses, particularly our 2018 ICTA nominees.

The six finalists will be announced this Thursday, with the winner and runners-up to be revealed on Feb.27 at the annual Technology Conference.

Meanwhile, have your say – the People's Choice (‘PICTA’) competition will launch this Friday.

Together we celebrate the successful use of technology in insurance.

Doug Grant, CIP
Partner
Insurance-Canada.ca

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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