Industry
Policy changes can take up a significant amount of a broker's workload. New technology will be needed to ensure that when a policy change is made in the broker's software, it is updated properly in both broker and carrier systems, data is reviewed and errors are logged.
By David Gallagher, Vice-President, iter8 Inc. | January 31, 2013
6 min read
With brokers continuing to face challenges, mobility may hold the key to unlocking improved growth and profitability. By storing data and running applications from a service provider's data centre, brokers are able to offer advanced mobile technologies without the burdens of administering their own servers.
By Jeffrey Purdy, Senior Vice President & General Manager for Canada, Applied Systems | January 31, 2013
4 min read
Sean Graham suggests that capturing online customers, a number that is growing, demands meeting the needs of everyone from the most technologically savvy to those who are "less comfortable."
By Angela Stelmakowich, Editor | January 31, 2013
5 min read
The auto insurance industry in the United States is one of the most aggressive in terms of marketing spend, but it may not be having the desired impact, notes a new report from McKinsey and Co. Over the past nine years, U.S. auto insurers have tripled their marketing spend nearly $6 billion annually, with some […]
By Canadian Underwriter | January 31, 2013
2 min read
Approximately three-quarters of surveyed respondents, almost all in Europe, reported that information security and privacy have become more significant areas of concern in the past three years. “Many companies still do not devote sufficient attention to cyber risks, despite an increase in frequency, scope and sophistication – and harsher penalties for lack of regulatory compliance […]
Canadian insurance giant Intact Financial has taken a new step in its analytics capabilities and its implementation of FellowDSS Accelerator business intelligence tool. The company has acquired the FellowDSS Framework version, which will provide it with access to intellectual property functionalities, explained InEdge, the business analytics company behind the product. “The FellowDSS application will be […]
1 min read
Everest Insurance Company of Canada (EvCan) has appointed David A. Crozier to the position of chief executive officer, effective Jan. 21. Crozier was most recently senior vice president of operations for Economical Mutual Insurance Company with responsibility for oversight of all field operations including claims, sales and distribution. He joined Economical in 2006 as vice […]
The Canadian insurance market is likely going to see continued stability this year, although the industry could see modest rate increases in the second half of 2013, suggests an outlook report from Marsh. Overall, the Canadian insurance industry outperformed the other markets in 2012, suggests the report, Canada Insurance Market Report 2013, which provides a […]
By Canadian Underwriter | January 30, 2013
Tire company Bridgestone Americas, along with the U.S. Department of Transportation, has released several safe driving public service announcements geared toward teenagers, made by teenagers, that will be distributed across the country. The 2012 Teens Drive Smart Video Contest allowed teens to create videos to help influence their peers to make smart, responsible decisions when […]
The global microinsurance sector is expected to double by 2020, potentially providing coverage to 1 billion people by that time, suggests one industry network. Over the past decade, governments, insurance companies and providers have been widening their geographic scope and range of services to low-income people worldwide, notes the Microinsurance Network, which includes members from […]
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