The Chronicle: Issue 2014-05, February 4, 2014


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

Watson Revisited: Retired Jeopardy Player or Underwriter of the Future?
Rather than pull back after commercialization of the Watson intelligence platform didn't get the expected traction, IBM recently announced a further $1bn investment in the newly named IBM Watson Group. This doubling down is intended to re-energize Watson's mission to exploit the platform to serve data driven businesses such as insurance. Will platforms like Watson impact the insurance community in a meaningful way in the foreseeable future?

Brave New Brokers in The Changing Reality
(By Wendy Watson, ORBiT)   People ask me why I am so passionate an advocate for ORBiT. Simple: ORBiT members, me included, believe there is no “one” right technology solution for our industry, but there is just one best practice workflow that starts at the broker's fingertips. Assuming that is in place, there are many options for technology solutions to accomplish and work to that workflow. And it is this diversity that makes our industry so exciting. A problem or issue arises, and there are multiple approaches to resolve it. Hence my passion.

Innovation in Financial Services Firms – the Leadership Gap
(By Mike Fitzgerald, Celent)   Last week, Celent held a webinar to report out on the results of a survey of 110 financial services professionals conducted in October 2013. The objectives of the survey were to (1) gauge the importance of innovation to business strategy, (2) identify key benefits from innovation, and (3) detail the common barriers to implementation.

The Intersection: Insurance-Canada.ca Blog
The Intersection

an Insurance-Canada.ca Blog


12th Annual Insurance-Canada.ca Technology Conference

Welcome and thank-you to our 2014 conference sponsors:

NTT Data as a Gold Sponsor.
GMC Software as a Silver Sponsor.
Silanis as a Silver Sponsor.
DMTI Spatial as a Bronze Sponsor.
TD Insurance as a Conference Supporter.
Denologix as a Conference Supporter.

11th Annual Insurance-Canada.ca Technology Conference
ICTC 2014
“Re-energize, Refocus, Realign”
March 17-18, 2014


Consumer Information

The Co-operators lets clients have a say in resolving insurance disputes
What options do you have if you disagree with your insurance company during the settlement of a home or auto insurance claim? Normally, insurance companies provide a series of steps that allow you to appeal within the company, which include escalating the matter within the Claims department and ultimately being considered by the company's ombudsperson. If the matter remains unresolved, it may be heard by the dispute resolution service provided by your provincial government. And – if you're a client of The Co-operators – you may also have the option of having it reviewed by an impartial panel made up of your fellow clients.

IBC offers drivers safety tips and insurance advice to prevent pothole pitfalls
Fluctuating temperatures this winter has put a lot of stress on roadways resulting in an outbreak of potholes. Potholes can be dangerous for drivers and can cause serious damage to your vehicle. Insurance Bureau of Canada (IBC) offers motorists some safety tips and insurance advice to prevent pothole pitfalls.

Distribution

Intact Insurance obtains CSIO certification for eDocs
The Centre for Study of Insurance Operations is pleased to announce that Intact Insurance has obtained CSIO Certification for its electronic documentation solution. CSIO Certification is available to member insurance companies and vendors. eDocs is the first business activity available for certification, with plans to expand the program to cover other activities.




How Mobility & Autonomous Vehicles Impact Auto Insurance

The Google car has raised awareness about the driverless, autonomous or self-drive car.

Much more is happening in parallel, including driverless public transportation, specialized taxi services, ride-sharing, and car-sharing. Personal transportation is evolving – quickly.

Learn more about what these changes may mean to auto insurance.

Register today for ICTC2014.

ICTC 2014




Technology

Cognizant whitepaper: Beyond mobile, is wearable google glass the next big thing for insurance?
Google Glass could soon transform how insurers work and engage with customers, from claims adjusters and risk engineers connecting in real-time with the home office, to service reps guiding customers through the claims submission process.

The Co-operators selects Prinova and Messagepoint.com
Prinova Inc., a leader in developing and delivering innovative software and services within the Customer Communications Management (CCM) market, has announced that The Co-operators, a leading Canadian insurer, selected Prinova and Messagepoint® for their upcoming Customer Communications Management initiatives.




Telematics and UBI in Canada is a hot topic – right now!

IMS is interested in gathering and sharing your thoughts on where the auto insurance industry stands on telematics in Canada at this time.

Survey for auto insurers: begin now.

IMS, based in Waterloo, is actively involved in the Canadian insurance market. As a sponsor and participant at ICTC2014, we will share the results with you at the conference. A summary report will be posted online.

IMS




In The Community

Aviva announces 2013 Community Fund winners
Aviva Canada, one of the country's leading providers of home, automobile, recreational vehicle, group and business insurance, is pleased to announce the 10 grand prize winners of the 2013 Aviva Community Fund. The winners were selected by a panel of independent judges after millions of votes were cast by Canadians over four rounds of the competition this past September through December.

Cowan Foundation makes a donation to Brantford & Area Sports Hall
On Friday, January 24, The Cowan Foundation presented a donation cheque in support of the Brantford & Area Sports Hall of Recognition to Chris Friel, Mayor of Brantford; Mike Woodburn, Chair of the Brantford & Area Sports Hall of Recognition; and Sandy Jackson, Director of Recreation at the City of Brantford. The presentation took place at the Wayne Gretzky Sports Centre and Sir Walter Gretzky was on hand to share incredible stories of hockey history from the eyes of hockey's most famous dad.


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