The Chronicle: Issue 2014-38, September 23, 2014


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

Climate Change Day Musings: Lessons from The Marshalls on Insurance and Technology
On this day of Climate Change Awareness, I am proud of the leadership role that the insurance industry is playing in raising awareness of climate change impact, and supporting change adaption and remediation. If you are not aware of our industry's activities combating the effects of climate change, take a moment to check them out and see what you can do to promote and support them.

Need Core Systems Replacement Success? Think Small!
To mitigate risk with large technology projects, experts suggest careful planning and on-going control of scope. There's an old adage that advises: “Start small and be prepared to scope down.” Now, some data from the US and anecdotes from Canada suggest there may be one more piece of advice for success: “Be small, and be happy.”

The Intersection: Insurance-Canada.ca Blog
The Intersection

an Insurance-Canada.ca Blog


Business of Insurance

Guy Carpenter report: cyber, terrorism highlighted among critical emerging risks
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, has published a new report highlighting emerging risks facing the (re)insurance sector, including cyber-attacks, terrorism and new compensation structures for long-term bodily injuries. The report seeks to identify and categorize these risks that are now confronting the sector, as well as analyze their implications on businesses and (re)insurers.

The Co-operators: New report identifies priorities for protecting Canadians against flooding
A new report based on input from a wide range of stakeholders maps out steps in a journey toward making Canada more resilient to flooding. Newly released Partners for Action: Priorities for Advancing Flood Resiliency in Canada identifies the key areas of focus that should constitute the way forward to better protect Canadians and their property.

Celent report: Digital Transformation in Insurance: Differences Across Continents
In the new report Digital Transformation in Insurance: Differences Across Continents, Celent analyses the differences between insurers in Asia-Pacific, Europe Middle East and Africa, Latin America, and North America in terms of their digital transformation initiatives, investments, and programs.

Claims

Swiss Re: New risks and economic growth will drive liability claims costs
Liability claims have been lower than expected in recent years. This has boosted insurers' profitability despite declining liability prices, says Swiss Re's latest sigma study, “Liability claims trends: emerging risks and rebounding drivers.” The weak economic growth environment has been a key reason for benign claims. However, new risks and stronger economic growth will increase claims severity and generate more demand for liability insurance.

Technology

GMC Software Technology: Celebrating two decades of innovation in customer communications
Sir Isaac Newton once wrote, “If I have seen further, it is by standing on the shoulders of giants.” In the area of customer communications today, we truly are standing on the shoulders of the innovators who have created amazing infrastructures that make conducting everyday business more efficient and effective than ever before.

Xpertdoc selected by Alaska National Insurance for self-service audit report generation project
Xpertdoc Technologies Inc., a Montreal-based company offering award-winning document output and customer communications solutions, has been selected by Alaska National Insurance Company for its online audit reporting project.

Distribution

HUB International Limited selects Applied Epic for global implementation
Applied Systems is pleased to announce that HUB International Limited, one of the largest insurance brokers worldwide, has selected Applied Epic to standardize operations on a single platform for HUB's global property and casualty business.

Consumer Information

HealthQuotes.ca launches InfoDesk Help Articles
HealthQuotes.ca, a leading provider of Canadian travel insurance and health insurance, is happy to announce the addition of an “InfoDesk” help portal to their web site. The InfoDesk consists of detailed and authoritative articles concerning Canadian health, travel and visitor to Canada insurance topics.


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