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Insurance-Canada.ca - Where insurance and technology meet

MAY 22, 2018

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INSURANCE INDUSTRY NEWS

Top InsurTech Themes Shaping The Future
Strategy Meets Action has released a new research report which identifies ten key themes that illustrate how InsurTech is changing, why 2018 is a pivotal year, and what to expect in the coming years. Read more.

Convergence: InsurTechs Meet Tech Incumbents
One of the most pressing questions that has arisen from the InsurTech movement is this: Will InsurTech startups have a need to utilize the incumbent tech market's capabilities? Read more.

Essential Actions For Digital Success
SMA research shows that while no single insurer is doing everything, every insurer is doing something, and some are doing more than others. To ensure you are doing the right things at the right times and in the right sequence, follow these ten essential actions required for success as you develop and execute your digital strategy. Read more.

Connected Car Data: Moving Past The Hype
Since the first usage-based insurance program in 2002, we have seen an explosion of business models, technologies and programs, with applications beyond count. Read more.

Applied Systems Announces Rating Index
Applied Systems has announced the quarterly Applied Rating Index, the Canadian insurance industry's premium rate index, which measures average premium rates for Personal Auto and Property lines of business. Read more.

Brokerage Scores Increase Across Canada
The third annual Technology Scorecard by the Centre for Study of Insurance Operations (CSIO) reveals that brokerage adoption of eight key technologies has risen by 6% across Canada, to a new high of 75%. Read more.

Insurers Improving CX With Doc Solutions
In its latest Novarica Market Navigator report, Novarica outlines the current market for document management/enterprise content management (ECM) and document creation/customer communications (CCM) solutions to help insurers understand their options. Read more.

Keal Launches CSIO eDelivery Solution
Vertafore's Canadian unit, Keal Technology, has officially launched the CSIO My Proof of Insurance eDelivery solution, allowing members to send digital policy documents, including eSlips, directly from their BMS. Read more.

Gore Mutual Holds First Digital Touchpoint
Gore Mutual's first Digital Touchpoint meeting brought together a diverse mix of modern brokers, InsurTechs and other mutual insurance carriers to discuss ways for brokers to succeed in the digital marketplace. Read more.

iA Launches Retirement Planning Website
iA Financial Group is proud to provide access to its My Retirement website – with a wealth of information to help prepare for retirement – for all individual and group services clients. Read more.

New Policy Works Commercial-Lines Rating API
Policy Works is excited to announce the release of its newly developed Rating API, which enables automatic rating of commercial policies by seamlessly integrating third-party rating services into the Policy Works workflow. Read more.

Dumfries Launches Online Quoting With MCCG
Dumfries Mutual Insurance Company has launched automobile and property insurance online quoting to better support its community and their agent distribution network through partnership with Mutual Concept Computer Group Inc. Read more.

Be Prepared – “Be Emergency Ready”
Emergency Preparedness Week is organized by Public Safety Canada and takes place each year in May. This year's theme was “Be Emergency Ready.” Read more.


“AI: The Foundation of Next-Gen Insurance”

Half-day seminar, Wed., May 30, 8am-12

Those who provide data and services to insurance are using AI to enhance their products. Explore:

Mitigate Risk with Machine Learning and Drones
• Brent Williams, Aeryon Labs

Precision Medicine: The Impact of AI in Healthcare
• Farnoud Kazemzadeh, PhD; CEO, Elucid Labs

A panel discussing applicability in underwriting and in claims will follow each session.

Register today or see complete details.

“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?

Core Systems & InsurTech: Rolling The Dice
We have been living in turbulent times with the advent and maturation of InsurTech. Early adopters were either politely ignored or openly scorned by large core-system suppliers and insurers. This started shifting when suppliers showed how insurance could support new products and greater user engagement, putting big systems on the defensive. So what's next? Read more.


From Doug

My wife and I succumbed to the pomp and ceremony of the royal wedding on Saturday. Amid grand tradition, there was nonetheless a sense of change. The royal “firm” is adapting and evolving.

Insurance is evolving too, amid the mixture of consumer change, new risks (climate, cyber), rapidly emerging technologies and entrepreneurial competition represented by InsurTech.

Traditionally, insurance pricing has been based on history; today, success almost seems to depend on the quality of your crystal ball.

Propelled by AI and related technologies, insurance leaders and innovators are creating or realizing “next-generation insurance.”

Like the royals, we must adapt. Join us next Wednesday, May 30, to explore the role of AI as an enabler of the insurance of tomorrow.

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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