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APRIL 24, 2018

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INSURANCE INDUSTRY NEWS

First Proof Of Insurance Blockchain Solution
Marsh, a global leader in insurance broking and innovative risk management solutions, in collaboration with IBM, ACORD, and ISN, has announced the first commercial blockchain solution for proof of insurance. Read more.

Insurer CIOs Expanding Focus To UX, Agile
Insurer CIOs are investing not just in new technologies, but in developing the capacities of their organizations to deliver more and better capabilities more efficiently and effectively, according to a new study by research and advisory firm Novarica. Read more.

New Online Business Interruption Calculator
Crawford & Company (Canada) Inc. is pleased to announce the launch of an online simple loss calculator as an enhancement to its Crawford Forensic Accounting Service offering. Read more.

Northbridge Insurance Introduces Express Claim
Northbridge's new claims appraisal service, Express Claim, allows customers who experience an accident to submit photos of damage to their vehicle directly to their Northbridge Insurance claims adjuster, right from their smartphone. Read more.

Crawford Improves Claims Handling Efficiency
Crawford & Company® is pleased to announce the launch of TruLook®, an integrated industry solution that reduces costs, increases claims processing efficiencies and improves customer satisfaction. Read more.

EY Pilots Blockchain Audit Technology
EY announces the pilot of the EY Blockchain Analyzer, a suite of blockchain audit technologies that enhances the ability to perform an in-depth review of cryptocurrency business transactions. Read more.

Sapiens, EasySend To Enrich Digital Engagement
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, has entered into a partnership with EasySend, an InsurTech company offering a SaaS-based Digital Transaction Management platform for smart and digital forms. Read more.

Acquisition Of Benecaid Strengthens APRIL
The APRIL group continues to export its expertise abroad via the acquisition of Benecaid, a managing general underwriter and third party administrator specialising in group health insurance for VSEs – one of the group's core areas of expertise. Read more.

Acquisition Of Cunningham Lindsey Completed
Sedgwick has finalized the purchase of Cunningham Lindsey and its subsidiaries. The combined organization will move toward operating globally under the Sedgwick brand name. Read more.

Battles Won, Markets Lost, Opportunities Abound
Looking back over the last 15 years of evolution in the personal lines insurance market, there were clear waypoints where decisions were made, actions taken that shaped how consumers prefer to buy their insurance today. Read more.

Consumers Anxious Over Data Privacy, Security
Consumers believe companies have an obligation to keep their data private, but the emphasis they place on data security is out of step with the limited extent to which they feel they can trust companies with their data, acccording to a new survey conducted on behalf of IBM. Read more.

Ontario Auto Rates Rose In Q1 2018
The Financial Services Commission of Ontario has provided an overview of the auto insurance rate change filings which were reviewed in the first quarter of 2018. Read more.

Are Smartphones The New Remote?
More consumers are turning to their smartphone to control different appliances in their home, according to a recent study by GfK. Read more.


“AI: The Foundation of Next-Gen Insurance” — May 30, 2018 — Technology In Action Series by Insurance-Canada.ca


The Intersection: Insurance-Canada.ca Blog

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

Artificial Intelligence: Infrastructure, Morality, and Time Zones
Debates about Artificial Intelligence raise a wide range of operational and ethical concerns. But the urgency to produce results from AI sometimes means that ethical reviews arrive after the technology is already in production. How do controls get introduced? Read more.


Insurance-Canada.ca “Technology In Action” Series
AI: The Foundation of Next-Gen Insurance
Insurance-Canada.ca Seminar – May 30

Learn the latest in artificial intelligence, machine learning, natural language processing, cognitive computing, and more.

A morning (half-day) seminar on Wednesday, May 30 — join us for case studies, pitfalls, opportunities, and the path ahead for technology evolution.

Register today to reserve your spot! Details.



From Doug

Hallelujah! Spring is sprung. After a brief winter comeback, the sun finally broke through and brought spring with it.

This (Earth Day) weekend, the community cleaned up the park across the road and after a couple of hours, the lawn and gardens too looked Spring-like. I saw daffodils in blossom and clumps of crocuses.

The discovery of a plastic-eating microbe is good news, but how has our society reached the point where so much is needlessly thrown away and wasted?

Reports routinely implicate processed and fast foods for numerous health issues. Plastics from water bottles and acrylic clothing have entered our water supply. Have any recent revelations changed your diet?

The food, apparel and packaging industries may be facing major changes – but this time, not because of technology.

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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