The Chronicle: Issue 2014-43, October 28, 2014
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What's Going Through The Intersection of Insurance and Technology?
Aligning Insurance and Emerging Technologies: Existential Requirement or A Step Too Far? |
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Business of Insurance
Gartner: self-driving vehicles will be the first pervasive robots to consumers
Self-driving and autonomous vehicles, in particular, are much closer to reality than most people and businesses realize, according to Gartner, Inc. Over the next six years, self-aware vehicles will emerge first that are increasingly also able to autonomously sense, interpret, decide, act and communicate with other automobiles, infrastructures, businesses, people and organizations. As this self-awareness matures into the next decade, vehicles will become progressively smarter and autonomous, leading to the most fundamental change in transportation, mobility and society.
Guy Carpenter and Oliver Wyman publish fourth annual insurance risk benchmarks research
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, has announced the release of the 2014 Insurance Risk Benchmarks Research: Annual Statistical Review, the first in a two-part series detailing research executed in collaboration with Columbia University. This, the fourth annual report, provides detailed analysis and insight on the property/casualty industry to help insurers strategically evaluate and benchmark inputs to economic capital models.
Technology
TEI/IET Mobility Newsletter: Your avatar is becoming you
Advances in internet-based communications have ushered us into the connected world. But most communications still lack the personal in-person touch. Explore in this newsletter how newer technologies are starting to bridge this next frontier in interpersonal communications. Plus: driverless race cars, time wasted in traffic, evolution of auto manufacturers, mobility services providers, the sharing boom, and drones.
Telematics
IBAO applauds Aviva Canada telematics contract
The Insurance Brokers Association of Ontario is pleased with the recent announcement that a major insurer is committed to move forward with a telematics solution that supports the broker channel. Aviva Canada has committed to the IBRI/Quindell Telematics Solution to execute their telematics offerings. This move strengthens Aviva's position as a strong supporter of the broker channel, with a desire to offer best in class insurance products, technology, and efficient broker workflow for the industry.
Distribution
Hub International acquires Alliance auto dealer book of business
Hub International Ltd., a leading global insurance brokerage, has announced that Hub International Atlantic Ltd., based in New Brunswick, has acquired a book of auto dealer business from independent broker Alliance Assurance Inc. Terms of the acquisition were not disclosed.
Claims
IBC teams with ACQ to crack down on cargo theft
Insurance Bureau of Canada and the Association du camionnage du Québec (ACQ) are teaming up to crack down on cargo theft, a crime that costs Canadians billions of dollars each year.
Consumer Information
IBC marks Small Business Week with top insurance tips for small businesses
To mark Small Business Week, Insurance Bureau of Canada offers its top 10 insurance tips for small businesses in Ontario and across the country. According to the Government of Canada, there are more than one million small- and medium-sized businesses in Canada, making up 99.8% of all companies in the country.
Sun Life survey: Health is the number one reason Canadians can't retire when planned
A new study reveals that more than two-thirds of retired Canadians did not stop working on the date they planned. Among those Canadians who did not retire as planned, nearly half cited personal health as the primary reason for retiring earlier. In fact, almost half of Canadians have experienced a health event, with nearly a quarter of them impacted by a mental health issue, according to the 2014 Sun Life Canadian Health Index, conducted by Ipsos Reid.
TD Insurance: young Canadians with debt are financially unprepared for sudden illness
A significant number of Canadians who hold debt would struggle to cope with the unexpected loss of their income, according to new research. A recent survey commissioned by TD Insurance reveals that 39 per cent of Canadians surveyed have no idea how they would pay for their expenses if they had no income for six months – a figure that rose to 44 per cent for those under the age of 35.