The Chronicle: Issue 2014-34, August 26, 2014


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

Data vs. Data Governance? Chicken & Egg Dispute Resolved!
It looks like the egg comes second in one “Which came first?” argument. At least, that's our read on a recent report by Celent, based on a survey of insurance companies on the topic of data governance. It seems that the Data chicken precedes the Governance egg by a long stretch. But will we ever see a perfect omelet before the landscape is overrun by clucking birds?

Learning from Leaders: Winning Strategies for Insurers
Many of us have become part of the Sharing Economy; we have adapted to the changes around us. But businesses, especially insurers, are having much harder time with these changes. How much harder? And what are leaders doing differently to adapt? In short, leaders are more focused, more proactive and more analytical.

The Intersection: Insurance-Canada.ca Blog
The Intersection

an Insurance-Canada.ca Blog


Technology

InEdge: Advocating an industry-specific approach to insurance analytics delivery
It is possible to exploit leading-edge tools and technologies, while reducing risk of project failure and delivering functionality in a foreshortened timeframe, when the six key factors influencing project development and delivery have been identified and are carefully managed, in a delivery approach that is tailored to the specific Analytics needs of the insurance industry.

Gartner's 2014 Hype Cycle for emerging technologies maps the journey to digital business
The journey to digital business is the key theme of Gartner's 2014 Hype Cycle for Emerging Technologies. As enterprises set out on the journey to becoming digital businesses, identifying and employing the right technologies at the right time will be critical.

The Kings Mutual Insurance Company selects Microdea's Synergize document management solution
Insurance firm The Kings Mutual Insurance Company of Berwick, Nova Scotia has selected Microdea's Synergize document management solution to manage their underwriting and claims documentation, expecting to improve service delivery to policyholders and brokers while growing business.

Distribution

kasina: Most advisors say digital capabilities of asset managers affect their perception of the brands
Results from kasina's annual survey of advisors' online activities and habits highlight the need for asset managers to personalize and customize the advisor experience, as advisors increasingly go online to do business.

Claims

SCM Insurance Services acquires Granite Divisions
SCM Insurance Services has announced that it has completed the acquisition of the property and casualty businesses of Granite Global Solutions. The businesses being acquired are known by the following names: Granite Claims Solutions, a national adjusting firm; Granite Health Solutions, a provider of medical assessments and health services; CKR Global, a national provider of risk mitigation and investigation services; and Rochon Engineering, a forensic engineering and environmental consulting company.

Consumer Information

CFIB and Standard Life join forces to create one of the first VRSPs for an association
The Canadian Federation of Independent Business (CFIB) and Standard Life in Canada have announced that they have signed an agreement to create a retirement savings solution designed for CFIB's members, including one of the very first voluntary retirement savings plans (VRSP) for an association which will be offered to Quebec's business leaders.

Kanetix.ca asks Canadian drivers to take the distracted driving pledge
Kanetix.ca, where drivers go to shop for and compare multiple car insurance rates, is asking Canadian drivers to take the pledge to not drive distracted. For each pledge, Kanetix.ca will donate $1 towards educating teens about the dangers of distracted driving. The target is to raise $10,000 for Teens Learn To Drive, a non-profit whose mission is to reduce death and injury caused by traffic crashes.

CAA SCO: Tenant insurance offers peace of mind
As college and university students head to the classroom this fall, CAA Insurance Company (Ontario) encourages parents of post-secondary students to invest in tenant insurance.

Great-West Life introduces interactive resource centre for plan sponsors
Employers who offer group retirement and savings plans want to know their programs are helping employees achieve retirement income adequacy and need to ensure their plans comply with regulatory or legislative requirements. Now, Great-West Life has introduced an interactive, responsive sponsor resource centre that simplifies how plan compliance is monitored and provides enhanced reporting that illustrates member behaviours to create a meaningful way for sponsors to understand member investment decisions.


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