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Insurance-Canada.ca - Where insurance and technology meet

MAY 1, 2018

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INSURANCE INDUSTRY NEWS

Data Veracity Critical To Insurer Business
A new report from Accenture has found that as data becomes more critical to insurance companies' operations, most insurers can improve how they validate data and combat data manipulation by outside stakeholders. Read more.

iA Launches New Group Health & Wellness Offering
iA Financial Group is pleased to announce the launch of Well-Balanced™, its new group insurance health and wellness offer designed to help organizations efficiently manage health-related issues. Read more.

Co-operators Offers Online Self-Serve Term Life
The Co-operators has launched Term Life 1, a new term life insurance option that can be purchased directly online, offering clients greater choice in the method they choose to purchase a term life product. Read more.

Insurance Vs. Digital Transformation: SMA
Why do we need to be digital? How do we go digital? And what, exactly, is digital anyway? To get a visual of what digital means for insurance, look through the lens of digital transformation. Read more.

Engagement Enhances Policyholders' Journey
Aite Group’s newest report analyzes how P&C carriers around the world are facing a slow-growth market rife with intensifying competition, shifting consumer demands, and a consumer pool filled with people who can easily switch carriers at any moment. Read more.

Keal Integrates CSIO eDelivery Solution
Keal Technology is growing its relationship with CSIO by integrating the My Proof of Insurance eDelivery solution (available May 15, 2018) to allow members to send digital policy documents, including eSlips, directly from their BMS. Read more.

Crawford Introduces Property Appraisal Services
Crawford & Company (Canada) Inc. is pleased to announce the launch of property appraisal services within its Global Technical Services (GTS®) service line. Read more.

DUAL Opens Underwriting In Canada
DUAL International is proud to announce the launch of DUAL Canada, which will specialise in creating simple insurance solutions for small and mid-sized Canadian markets. Read more.

Roomi, Lemonade Partner On Renter Insurance
Roomi, the peer to peer marketplace making it safer and easier to find room rentals, sublets and roommates, recently announced a partnership with Lemonade, the insurance company powered by artificial intelligence and behavioral economics. Read more.

IBAO Data Connectivity Strategy Meeting
The Insurance Brokers Association of Ontario has announced it will host an Industry Strategy Meeting to address data connectivity. Read more.

Globe Insurance Trends Report
The Globe & Mail 2018 Insurance Trends special report features Doug Grant, partner at Insurance-Canada.ca, and Debbie Coull-Cicchini, executive vice-president at Intact Insurance. Read more.

Globe Life, Health, Financial Security Report
The Life & Health Insurance industry is in the midst of transformation. The Globe & Mail Life, Health and Financial Security special report features Stephen Frank, President and CEO of CLHIA; Jeff Macoun, EVP at Great-West Life; and Doug Grant. Read more.

ORBiT Day Marks ‘Big Pivot’ Towards KYC
ORBiT Canada is hosting ORBiT Day: KYC – It Starts Here on Monday, June 4, 2018, at the Mississauga Grand Banquet and Event Centre. The daylong event focuses on ‘knowing your customer’ (KYC) and leveraging that knowledge into growth. Read more.

April Storm Caused More $85M In Insured Damage
Insurance Bureau of Canada reports that an early April storm affecting Ontario and Quebec, which brought severe rain, heavy snow, and damaging winds, resulted in more than $85M in insured damage, according to CatIQ. Read more.

Causes Of Distracted Driving: Travelers Poll
The Travelers Institute has launched its Every Second Matters symposium series in Canada to raise awareness about the dangers of distracted driving and encourage safe behaviour behind the wheel. Read more.

A Virtual Look At The Reality Of Impaired Driving
To drive home the negative impacts of both alcohol and drug-impaired driving, SGI has a new virtual reality simulator which will be used in demonstrations by SGI’s Traffic Safety Promotion team at schools, community events and trade shows. Read more.


The Intersection: Insurance-Canada.ca Blog

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

Fully Digital Insurance: Are You Ready?
Commentators and practitioners are taking a larger, and longer look at digital InsurTech methods. Going beyond front end quotes, insurers and brokers are bringing in technologies to improve sales, service, and support. But this will require integration with back-office systems. Are we up for this? Read more.


“Leveraging Machine Learning to Enhance Customer Experience”

Webinar: Thursday, May 10, 12:30 pm (ET)

Learn from Google and Kanetix Ltd. about integrating AI functionality to enhance customer experience. Kanetix has these new tools in production now.

Register now or learn more.


“AI: The Foundation of Next-Gen Insurance”

Seminar: Wed., May 30, 8:00am - Noon (ET)

Get a closer look at artificial intelligence in insurance. Hear about an insurer's experience. Learn from an aggregator/developer.

Hear from experts how AI can be harnessed in drones and in medical diagnostics and how this applies to insurance.

Register today or see complete details.


From Doug

This week, Deb Smallwood at SMA described three phases in a digital maturity model for insurance business. Where are you on this journey?

Wherever you sit, artificial intelligence will be in your future. It has monopolized the buzz of late, but blockchain, voice technology and others are also in the mix.

Our Technology in Action webinars and seminars will get into the details of these new and current technologies to address steps along the digital journey for insurance. The next two events, noted above, both feature AI.

Watch for the Executive Forum on Tuesday, August 28, with the theme “The Digital Future of Insurance: Is Risk Passé?”

InsurTechTO returns on November 7, where we will examine the state, impact, and future of InsurTech.

And our annual Technology Conference returns Feb 26-7, 2019.

With so much happening at the intersection between insurance and technology, our events will help you keep on top of it all.

Doug Grant, CIP
Partner
Insurance-Canada.ca

Doug Grant

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