The Chronicle: Issue 2014-24, June 17, 2014

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

Do We Need Different Constructs for Broker/Carrier Connectivity?
For the past 47 years, independent P&C insurance distributors, insurance carriers, and suppliers to the community have invested large quantities of time, energy, money, and credibility in seeking to rationalize insurance data transfer between brokers and carriers (now commonly referred to as “broker connectivity”). We believe consensus exists on two points: (1) There continues to be a need for rationalized data exchange between brokers and carriers; but (2) Implementations have yet to come close to a critical mass.

Modernization: An Option to Replacement for Insurers
Regardless of company or industry, when considering application portfolios for modernization, only systems that hold valuable business functionality should be considered for modernization. In the P&C industry, specifically, it could be said that there are three high-level classes of software worth considering for modernization, and each class has its own rationale for modernization.

The Intersection: Insurance-Canada.ca Blog
The Intersection
an Insurance-Canada.ca Blog

Technology

MARCON Mobility Newsletter: Legislating and Regulating Future Mobility
Legislators are not generally aware of how fast science and technologies are evolving, and the rate of change shows no signs of slowing. How will regulation fit into, or shape, the landscape of future mobility?

InEdge: Opportunities for ROI in Big Data for Insurers
With increasingly vast amounts of data coming online from sources more diverse and granular than ever, insurers are naturally keeping tabs on big data. The era of steadily improving data management capabilities, bringing legacy systems up to spec, and bridging data silos seems almost quaint in comparison to what is now on the horizon.

ISB Canada and CAMIC announce national partnership for document sourcing and insurance services
Insurance Search Bureau of Canada and the Canadian Association of Mutual Insurance Companies are pleased to announce a National partnership agreement to provide CAMIC members with preferential access and member pricing to ISB's suite of over 70 source documents for processing claims. The partnership enables CAMIC members to receive special preferential pricing, access a customized online ordering centre and receive priority customer service.

Consumer Information

Aviva Canada: Why thieves love summer and Facebook
Data from Aviva Canada clearly shows that residential burglary claims increase dramatically over the summer months. And with the most popular vacation months just ahead, Aviva is reminding all Canadians to take precautions to protect their homes and belongings from theft while away from the home.

Business of Insurance

SecuriGlobe joins La Capitale
SecuriGlobe, one of the leading travel insurance distributors in Canada for the last 15 years, joins La Capitale following the completion of a transaction on June 6 whereby all of its Canadian activities are transferred to La Capitale.

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