The Chronicle: Issue 2013-17, April 30, 2013


What's Going Through The Intersection of Insurance and Technology?

Are IT People Starting to Look Like Regular Employees?
Some recent employment-related data suggest that IT professionals have similar employment experience as other members of the working class. In fact, some IT professionals are actually reporting directly to business unit managers. Is this scary or does this offer opportunities?

The Telematics Business Case: What's Still Missing?
While a number of insurers ponder if and when to enter the Usage-Based Insurance marketplace using Telematics, other insurers are transitioning to Telematics Version 2, which include features and benefits to attract a wider audience and, perhaps, retain the initial UBI customer base converts, and improve overall profitability. Are these factors enough of a business case, or are we missing something?

The Intersection: Insurance-Canada.ca Blog
The Intersection

an Insurance-Canada.ca Blog


Consumer Information

IBC: Overland flooding in Ontario cottage country not covered by insurance
Several central Ontario cottage-country communities are on high alert for increased flooding as water levels remain higher than they have been for decades. Insurance Bureau of Canada (IBC) reminds homeowners to take measures to protect themselves and their belongings.

CLHIA: Canadian seniors ill-prepared for long-term care costs
The majority of older Canadians are unaware of the costs associated with long-term care and few are financially prepared to cover expenses, according to a Leger Marketing poll of Canadians aged 60 plus, conducted on behalf of The Canadian Life and Health Association.

InsuranceHotline.com: Tips to ride safe and save big on motorcycle insurance
As the weather warms motorcycle enthusiasts are getting ready to hit the roads again; now is a good time for riders to give some thought to motorcycle insurance Ontario coverage as well as all of their needs for safe riding. Before heading out for the first ride of the season, be prepared with a few timely safety reminders from InsuranceHotline.com and a look at your coverage.

Tangiers Group launches conflict zone medical insurance
Tangiers Group announce the formation of a product development and insurance underwriting subsidiary called Tangiers Global. The company's goal is to provide creative insurance solutions for workers, travellers, and volunteers living in or visiting dangerous places.

Telematics

IMS: Insurance companies can remain and be more competitive with telematics
A recent study found that seven out of ten US auto insurance companies are planning to introduce usage-based insurance (UBI) programs in the near future. And a growing number are also lining up in Canada. This increasing demand has led automotive insurance experts to speculate about the impact telematics will have on the Industry.

Lemur Vehicle Monitors signs supply agreement with LexisNexis Risk Solutions
The vehicle telematics industry is a competitive and rapidly evolving field where vehicles are getting smarter through vehicle diagnostics. Lemur Vehicle Monitors, a Canadian automotive technology company, announced today that they have signed an agreement to supply their proprietary technology to U.S.-based LexisNexis® Risk Solutions. Lemur's proprietary technology is a key component of a new vehicle analysis program using data and analytics from LexisNexis.

Distribution

CAILBA annual conference, “Shaping the Future of Distribution”
The Canadian Association of Independent Life Brokerage Agencies (CAILBA) is hosting its annual conference at the King Edward Hotel, Toronto, May 14-16, 2013. All MGAs are encouraged to participate to celebrate another year of success for CAILBA, network with peers and industry experts, and look to the future of the insurance distribution business.

ORBiT announces the launch of an all-new website
ORBiT Canada is pleased to announce the launch of its new website, rich with tools and features, including a password-protected members-only area, resources (open to members and non-members), and News and Events section.

iter8: Saskatchewan Mutual Insurance completes communic8 deployment
iter8, a leading software solutions provider to the insurance industry, is pleased to announce that Saskatchewan Mutual Insurance (SMI) has gone live with communic8™ to provide independent brokers with full CSIO download services for personal lines auto and habitational services.

Business of Insurance

LS Insurance Company to become Humania Assurance Inc., effective May 1st
LS Insurance Company was pleased to announce during the celebration to mark its 75th anniversary on April 17, 2013, that it had decided to change its name to “Humania Assurance Inc.” This rejuvenation initiative was driven by a desire to give the company a more modern, bilingual name that better evokes the human values that guide the company and the health insurance products that characterize it.

Quindell Portfolio PLC enters North American market with acquisition of iter8 Inc.
Quindell Portfolio Plc, the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors is pleased to announce its entry into the North American Insurance market through the acquisition of Iter8 Inc., a leading Software as a Service based provider to the North American insurance broker and agent market.

In The Community

State Farm leads Habitat for Humanity Durham fundraising
Affordable housing is an issue facing millions of Canadians. With 14% of Canadian children living below the poverty line, making affordable housing available is paramount to helping break the cycle of poverty. Habitat For Humanity and State Farm have been working together to help bring awareness to this issue and raise money for Habitat for Humanity Durham.

Policy Management

OneShield shows sales momentum signing seven new customers
Seven new customers, located across the globe in Australia, Canada and the U.S., will implement OneShield Dragon across various lines of business ranging from Commercial, Medical, Personal Property, Professional Liability, Surety and Workers' Compensation.


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