The Chronicle: Issue 2013-46, November 26, 2013
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What's Going Through The Intersection of Insurance and Technology?
SalesForce.com & Insurance: Putting a Many-Headed Hydra into the Game |
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Business of Insurance
OSFI: A Six-Year Retrospective of the Life Insurance Industry, and a Look Forward
Today, in November 2013, where do we stand? While there has been a relatively slow pace of change in terms of global standards for supervision and regulation of insurance companies, this is about to change, as seen by the recent announcements by the FSB and the IAIS. This is a significant development.
P&C insurance sector evolves to meet challenges of extreme weather, trends
As extreme weather events become increasingly common, driverless car technology advances and information-age consumers expect transparent, real-time accessibility, Canada's property and casualty insurance sector is also evolving.
The Co-operators: city leaders, insurers seek to protect cities from climate change
Superstorm Sandy and other multi-billion-dollar weather-related natural disasters, such as the floods in Alberta and Toronto, have public leaders and insurers taking a closer look at how to protect cities and build resiliency to the impacts of climate change. A new innovative resource identifies priorities for collaborative action between the insurance industry and city leaders, lays out strategies, and encourages public/private partnerships to protect people and property. By bringing the insurance sector's risk management expertise to urban planning, cities could be more resilient and economically protected in the face of natural disasters and climate change.
Claims
IBC announces pilot project to help Canadian communities adapt to weather extremes
“Municipalities and insurers, working together, are leading the fight to adapt to the new weather extremes and prevent flooding.” That's the message Don Forgeron, President & CEO, Insurance Bureau of Canada, delivered in his luncheon address to business and government leaders at the Economic Club of Canada in Toronto on Nov. 21. Mr. Forgeron then unveiled the new multi-million dollar Municipal Risk Assessment Tool created in partnership with several Canadian cities to help communities fight flooding.
Consumer Information
HealthQuotes.ca releases online travel insurance quoting tool
HealthQuotes.ca, a leading provider of Canadian health and travel insurance, announces the release of their online travel insurance quoting engine. Canadians can now get as many instant travel insurance quotes from leading benefits companies as they want. By giving customers this tool HealthQuotes.ca continues to make it easier for them to fulfil their insurance needs online in a secure, convenient manner.
Industrial Alliance clients now benefit from TELUS Health electronic claim submissions
Industrial Alliance Insurance and Financial Services Inc. has launched a new claims transmission option for select healthcare providers: TELUS Health's eClaims web portal. Group Insurance Members can now file claims electronically right from their participating healthcare provider's office – allowing them to pay only the portion of a claim not covered by their insurance rather than paying the entire amount up-front and remitting paperwork for a refund.
Telematics
Celent: Innovation in Focus – The Great Telematics Experiment
Telematics and usage-based insurance have evolved greatly in the past few years, but it has yet to be determined whether people will willingly share personal data for financial benefits. In this report, Celent examines the nature of telematics and usage-based insurance in the motor industry and explores what is on the immediate horizon.
Consumer Information
HealthQuotes.ca releases online travel insurance quoting tool
HealthQuotes.ca, a leading provider of Canadian health and travel insurance, announces the release of their online travel insurance quoting engine. Canadians can now get as many instant travel insurance quotes from leading benefits companies as they want. By giving customers this tool HealthQuotes.ca continues to make it easier for them to fulfil their insurance needs online in a secure, convenient manner.
Industrial Alliance clients now benefit from TELUS Health electronic claim submissions
Industrial Alliance Insurance and Financial Services Inc. has launched a new claims transmission option for select healthcare providers: TELUS Health's eClaims web portal. Group Insurance Members can now file claims electronically right from their participating healthcare provider's office – allowing them to pay only the portion of a claim not covered by their insurance rather than paying the entire amount up-front and remitting paperwork for a refund.
Telematics
Celent: Innovation in Focus – The Great Telematics Experiment
Telematics and usage-based insurance have evolved greatly in the past few years, but it has yet to be determined whether people will willingly share personal data for financial benefits. In this report, Celent examines the nature of telematics and usage-based insurance in the motor industry and explores what is on the immediate horizon.