The Chronicle: Issue 2012-38, September 18, 2012
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What's Going Through The Intersection of Insurance and Technology? |
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Social Marketing Reaching Saturation; Insurance Leaders Differentiate Through Content
Is Data Quality Too Important To Be Left To Data Managers? |
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Business of Insurance
Will the UK ban banks from selling insurance?
The United Kingdom should follow Canada and prohibit banks from selling general insurance products, says the head of the British Insurance Brokers' Association (BIBA). In a speech that called for an end to "poorly designed" incentive schemes, FSA managing director Martin Wheatley said financial services professionals are too often "viewing consumers simply as sales targets."
ICBC Workers to Go on Strike Tuesday
More than 1,500 unionized workers at 55 claims-related Insurance Corporation of BC (ICBC) locations will be taking strike action on Tuesday, September 18, says the Canadian Office and Professional Employees Union, Local 378.
Social Business
Social Success Hard to Measure
Nearly nine in 10 companies in the US will market on social media this year, according to eMarketer, indicating that the channel has become almost a requirement for most brands. But measuring success beyond soft metrics like "engagement" is still far away for many, according to research.
Technology
MajescoMastek to Provide STG Billing Solution to Alberta Motor Association
MajescoMastek, the provider of Insurance Software + IT Services to over 100 carriers, and the U.S. subsidiary of global technology solutions provider Mastek Limited (NSE: MASTEK), today announced that MajescoMastek will provide its STG Billing solution to Alberta Motor Association Insurance Company (AMA Insurance).
Claims
CLIFE releases Financial Fraud Protection course
CLIFE, the Centre for Life Insurance and Financial Education, a provider of on-line and on-demand accredited continuing education (CE) for life licensees and financial planners, is proud to announce the release of their newest course, Financial Fraud: How to Protect Yourself, Your Clients, and Your Business from Financial Fraud.
RIMS supports TRIPRA terrorism insurance act
The Risk & Insurance Management Society (RIMS) is pushing the U.S. government to maintain support for the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). In a letter to Federal Insurance Office Director Michael McRaith, RIMS stressed the importance of a federal support for terrorism reinsurance capacity.
RSA issues advice for weathering Hurricane Leslie
Hurricane Leslie has hit Atlantic Canada causing extensive flooding and evacuations around the region. Here are some emergency preparedness tips and information to assist you and your customers in the event of a flood or hurricane.
ISB brings ‘Fact vs. Fiction’ seminar to Alberta in October
ISB Canada is proud to present a premiere ISB-U Education Series event, “Fact vs. Fiction: Interviewing / Statement Analysis,” facilitated by world-renowned instructor Nejolla Korris.
Verisk enters Canada to help Canadian insurers combat cargo and heavy equipment crime
Verisk Crime Analytics announced today the launch of national information sharing systems designed to help Canadian insurers and their policyholders combat the growing problems of cargo and heavy equipment theft.
Alberta Storm Damages Growing
There is new data from Insurance Bureau of Canada (IBC) on the estimated insured damages caused by the two most recent serious storms in Alberta. Combined, these two storms amounted to over an estimated $200 million in insured damages.
Accident Support Services International open first Alberta Collision Reporting Centre in partnership with Lethbridge Regional Police Service
Citizens will have a safe, comfortable location to attend to complete their reports, moving the reporting process away from the side of the road, ensuring both public and police safety from the danger of secondary collisions.
Consumer Information
Good News on Auto Rates from Co-Op
The Co-operators General Insurance Company has introduced another overall reduction in auto insurance premiums for its clients in Ontario. During 2012, the company has reduced its overall premiums for private passenger vehicles in the province by 9.9 percent.
IBC urges residents of Newfoundland and Labrador to stay safe in the face of Hurricane Leslie
"With Hurricane Leslie affecting many areas in Newfoundland and Labrador and heavy rain and high winds expected to begin hitting the island overnight, ensuring you and your family are safe indoors should be everyone's first priority," said Bill Adams, Vice-President, Atlantic, IBC. "While the path is expected to head towards the Avalon area of Newfoundland, we can expect heavy rains across all of Atlantic Canada."
Canadians underestimate costs of foreign medical treatment
No one expects to become ill or injured while on holiday or away from home, but it does happen. And as Canadians continue to pack their bags and head out, the need to understand how much illness or injury can cost is essential, says a new BMO Insurance study.
Coverage2go: Health Protection from Equitable Life for When Things Change
Canadians place a high level of importance on the Group Benefits they have as part of their employment package. In fact, according to the 2012 Sanofi Canada Healthcare Survey, 63 percent of employees surveyed said that they think more positively of their employer because of their health benefit plan. So, what happens when something changes and an employee is no longer eligible for their employer sponsored health benefit?
Our People & The Community
Is there still a glass ceiling for women in Canada?
According to the findings of the recent Women in Leadership survey of 500 female managers and executives, conducted by Ipsos-Reid on behalf of Randstad Canada, obstacles remain for women to overcome in the workplace when striving to reach managerial and executive ranks.
From Joe:
I don't have a lot in the way of news to pass on except that Doug is back from his jaunt to Eastern Europe, The Black Sea, et al, so hopefully for next week there will be exciting stories from his travels. Speaking of travel, does anyone but me think that the September traffic (road and public transit) is even slower than normal? Maybe I just got spoiled during the summer months and good weather.