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Insurance-Canada.ca - Where insurance and technology meet

OCTOBER 4, 2016

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INSURANCE INDUSTRY NEWS

Aon Introduces Enterprise-Wide Cyber Solution
As cyber risk continues to evolve, Aon Risk Solutions has introduced Aon Cyber Enterprise Solution, a first-of-its-kind P&C and IoT insurance policy that offers comprehensive and integrated enterprise-wide coverage against cyber risk. Read more.

CSIO: First 50 Technology Leader Brokerages
The Centre for Study of Insurance Operations is pleased to announce that it has identified 50 brokerages from across Canada as “Technology Leaders” based on their CSIO Technology Scorecard assessments. Read more.

Automated Vehicle Technology Not Driverless Yet
Startling results of a national public opinion survey about automated vehicles revealed that public misperceptions and over-confidence in these technologies may have unintended consequences for driver behaviour. Read more.

Connected Car Production to Grow Rapidly
Connected car production is growing rapidly in both mature and emerging automobile markets, and will increase further over the next five years, according to the latest forecast by Gartner, Inc. Read more.

Manulife Vitality Arrives In Canada
Manulife has announced that Canadians can now purchase “life insurance for the living” with the launch of Manulife Vitality: a program that rewards life insurance customers for living a healthy life. Read more.

Landlord Protection From Unpaid Rent, Damage
Aviva Canada, in partnership with RDA Insurance, has launched the Casalova Landlord Protect program, offering cost-effective insurance coverage for landlords to protect them from issues they are most concerned about. Read more.

Co-operators Joint Venture with First Credit Union
The Co-operators and First Credit Union have announced the two co-operative organizations have entered into a joint venture to offer insurance products and services to clients on Vancouver Island and the Sunshine Coast of BC. Read more.

Martin Thompson new CEO of RSA Canada
RSA Canada has announced that Martin Thompson has been appointed President and Chief Executive Officer, effective immediately. Martin was appointed Acting CEO in July, when the former President and CEO stepped down. Read more.

Majesco Ecosystem Expands with Partnership
Majesco has announced a strategic partnership with DropIn Inc., an innovative provider of an on-demand live video platform for auto and home insurance, using smartphones and drones. Read more.

EquiSoft Expands, Opens India Office
EquiSoft is pleased to announce the addition of a new team of technology experts located in Hyderabad, India. This office opening will allow EquiSoft to considerably broaden the range of resource mix options for its client base in the Asia‑Pacific region and around the world. Read more.

Major Deal Unites Three Quebec Firms
Lussier Dale Parizeau, Riverin Girard & Associés, and Ouellet Fillion & Associés are pleased to announce an agreement formally merging operations. Read more.

Echelon & CSSI New Business Upload Agreement
Custom Software Solutions and Echelon have entered into a connectivity agreement for New Business Upload from CSSI's The Broker's Workstation and also its standalone rating and underwriting tool, Intelliquote. Read more.

OpenText Releases Next Version of Exstream
OpenText has announced the latest version of OpenText Exstream, offering companies the fastest, most reliable communications production engine to enable digital transformation. Read more.

Closing the Bindability Gap: Aite Group Report
Most U.S consumers purchasing a property/casualty insurance policy face a delay between deciding to purchase and discovering the actual price. Can technology help close this bindability gap? Read more.

CGI Ratabase 8 Offers Transformative Capabilities
CGI's Ratabase 8 product configuration and rating platform is gaining momentum as leading insurance companies use the solution to meet customer expectations and gain competitive advantage. Read more.


The Intersection: Insurance-Canada.ca Blog

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

A Letter to Dr. Peter Diamandis:
Tech Changes Insurance for Good?

Lemonade, and others, are developing a P2P insurance model similar in many respects to the 17th-century Lloyds' coffee-house approach, albeit with much more interesting and powerful tools. This will lead to massive disruption in the car insurance industry, but the impact will extend beyond this one line of business. So why did insurance lose the P2P model to become more complex and confrontational? And is a new version of P2P extensible? Read more.


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From Doug

Lemonade has launched its P2P insurance service. A new option, and a sign of the changing times, it is worth watching closely.

Google has received permission to test self-driving cars on more public roads in California – another step towards autonomous transportation.

Go Jays go! We are with you today.

Doug Grant, CIP
Partner
Insurance-Canada.ca

Doug Grant

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