The Chronicle: Issue 2015-14, April 7, 2015

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

Data Governance: Under New Management?
A recent post in SearchContentManagment posed the question: “Is 2015 finally the year of the data governance plan?” Bravely, they also provided their answer: “No.” While I agree with the logic that led there, I disagree with the conclusion, because I think there is another corporate group that is working on all the components now and could provide the leadership.

Accurate data, and tools to mine them them, have become critical for business generally, and insurance specifically. The SearchContent post cited John Mancini, CEO of AIIM, an association of information professionals, saying that “information chaos” had taken hold in many organizations and eclipsed the capabilities to control and manage the data everyone needs. The insurance community is no exception.

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

Business of Insurance

Zurich Canada launches drone insurance package for corporate clients
Zurich Canada, a leading property and casualty insurer, has launched a new insurance product that will help its customers across a range of industries take advantage of the risk mitigation and cost saving opportunities available through the use of Unmanned Aircraft Systems (UAS), commonly referred to as “drones.” The new drone insurance package, developed in partnership with UK-headquartered Global Aerospace Underwriting Managers Limited, a leading provider of aerospace insurance, also closes an important coverage gap for companies already making use of drones in their operations.

Technology

IBM and The Weather Company partner for business insights
IBM and The Weather Company – through WSI, its global B2B division – have announced a groundbreaking global strategic alliance to integrate real-time weather insights into business to improve operational performance and decision-making. As part of the alliance, The Weather Company, including WSI will shift its massive weather data services platform to the IBM Cloud and integrate its data with IBM analytics and cloud services.

Consumer Information

CAA unveils CAA Distinct risk management solution for high-net-worth clients
CAA Distinct is a new insurance program designed specifically to address the complex risks faced by high net worth clients. Through Distinct, CAA members have access to a team of dedicated risk specialists who can help financially successful clients identify their unique exposures and address them with customized insurance for their unique lifestyle, including protection for high-end homes, luxury vehicles, valuable collections, family heirlooms and more. This specialized coverage and claims handling is made possible through a strategic alliance with ACE Private Risk Services, a division of ACE Group, and a leader in providing high net worth insurance products and services.

IBC shares the top 10 things to do while spring cleaning
Spring is here, and Insurance Bureau of Canada (IBC) offers its Top 10 things for what to include on your spring cleaning list. "Every spring, my family and I tackle our to-do lists around the house," says Ralph Palumbo, Vice-President, Ontario, IBC. "By completing the items in the list below, you can help ensure the safety of your loved ones and property throughout the summer months."

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