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Insurance-Canada.ca - Where insurance and technology meet

OCTOBER 25, 2016

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INSURANCE INDUSTRY NEWS

Insurers, Reinsurers Launch Blockchain Initiative
Aegon, Allianz, Munich Re, Swiss Re and Zurich have launched the Blockchain Insurance Industry Initiative B3i aiming to explore the potential of distributed ledger technologies to better serve clients through faster, more convenient and secure services. Read more.

Digital Strategies Should Integrate 'Insurtechs'
Insurance sector CIOs need to expand their market insight concerning the innovation and disruption potential of insurance technology startups (insurtechs) to complement their digital insurance strategies, according to Gartner, Inc. Read more.

For Customer Data, Context is Key: SAS
Innovations in digital technologies are yielding an explosion of data that can help us understand customers more thoroughly than ever before. Read more.

PartnerRe Ltd. Announces Acquisition of Aurigen
PartnerRe Ltd. and Aurigen Capital Limited have announced a definitive agreement for PartnerRe to acquire 100% of the outstanding ordinary shares of Aurigen, a North American life reinsurance company. Read more.

OCTO Telematics Releases New Mobile Solutions
Octo Telematics, having doubled its UBI telematics policies in North America to over two million in the last year, has released a suite of new telematics products for connected cars available via both in-vehicle and mobile solutions. Read more.

Next-Level Broker Interaction from Sharp Mobile
Sharp Mobile Technology introduces two new features to be released on the iMobileBroker app and online portal – advanced targeted reporting and targeted, automated push notifications – to reinvent how brokers interact with clients. Read more.

MCCG Enables Hamilton Township Mutual's Online Quoting Solution
Through collaborative development with MCCG to develop a new Online Quoting Solution, Hamilton Township Mutual Insurance Company is now providing their agent and broker partners with a complete personal lines quoting solution that will also generate leads with new policyholders. Read more.

Western Financial Selects Applied EpicCloud
Applied Systems has announced that Western Financial has selected Applied EpicCloud as part of its digital transformation strategy Read more.

Guidewire Announces InsurancePlatform 2016.2
Guidewire Software has announced the 2016.2 release of InsurancePlatform, combining core operations, data/analytics and digital engagement to enhance insurers' ability to engage and empower their customers, agents, and employees. Read more.

Half of Alberta SMEs Lack Disruption Insurance
ATB Financial's latest Business Beat survey reveals that 1 in 4 Alberta-based small and mid-sized enterprises (SMEs) have experienced a significant disruption, but nearly half have no disruption insurance coverage. Read more.

Financial Advisors Use Social Media Actively
In a survey of more than 1,000 financial advisors nationwide, the Putnam Investments 2016 Social Advisor Study found that almost 9 in 10 use social media actively in their day-to-day work. Read more.

Petsecure Launches New Pet Coverage in GTA
Petsecure, Canada's largest pet health insurance company, is partnering with the Toronto Humane Society to offer a new pet health insurance product for consumers in the Greater Toronto Area. Read more.

One Third of Drivers Confess to Driving Distracted
One-third of Ontario drivers admit to driving distracted because of their mobile devices, according to a new Ipsos survey conducted for CAA South Central Ontario (CAA SCO). Read more.

Dangerous Driving in School Zones
Nearly two-thirds of Canadians have witnessed at least one dangerous driving practice in a school zone, according to a poll released by CAA as part of National School Safety Week. Read more.

Most Expensive Ontario Cities for Car Insurance
In its annual ranking of the most expensive cities for car insurance in Ontario, Kanetix.ca list has found that Brampton is the most expensive city to insure a car in Ontario, while the town of Hawkesbury (southeast of Ottawa) is the cheapest. Read more.

King International Announces Drone Services
King International Advisory Group Inc. is proud to announce the launch of unmanned aerial vehicle (drone) services. Our UAVs are piloted by Transport Canada certified pilots across Canada holding standing Special Flight Operating Certificates. Read more.


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The Intersection: Insurance-Canada.ca Blog

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

InsurTech: Threat or Salvation for Insurers?
InsurTech – defined as the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model – is threatening to cause significant disruption within the existing insurance community. How serious is this for established insurers and brokers? And what are the alternatives? Read more.

Cyber Risk and Self-Driving Cars
If you scan this blog, you will note that we have a high interest in autonomous vehicles. Data demonstrate that they can bring reductions in injuries and deaths alongside improvements in transportation effectiveness. But there are new risks which need to be addressed. Is this an opportunity or just a large challenge? Read more.


SAS - the power to know

Know your customer, without being creepy
SAS Webinar: Wednesday, Nov. 2, 1pm ET

Today's customers in financial services expect you to recognize them and treat them consistently across all channels, and to present them with offers that are anticipated, relevant and personalized. Can you deliver?

More details or register now.



From Doug

The national heritage group I participate in met this weekend. It was great to see old friends and get a chance to review progress and discuss going forward.

This week's news highlights the rapid pace of change in our industry: new products, mergers & acquisitions, and the ceaseless current of technological progress. (And on the topic of technology and innovation, highlight your organization's achievements with a nomination for an Insurance-Canada.ca Technology Award.)

We continue to line up topics and speakers for our 2017 Technology Conference and Broker Forum. They are going to be interesting events and rich with information.

Doug Grant, CIP
Partner
Insurance-Canada.ca

Doug Grant

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