Jacqueline Toering

This is a great share and exemplifies the need for enhanced data quality management to actually achieve or improve AI outcomes. Minimizing point solutions in key areas of the business in favour of a platform approach that can leverage ALL data sources and actually resolve the entities to get effective use of data is critical to a C-360, UW, Perpetual Risk Scoring, Claims Fraud Prevention/Detection, pricing models etc. #dataquality #insurance #ai Quantexa

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Get prepared and protect your assets this wildfire season with the help of CNA Canada's wildfire damage guide: https://ow.ly/bgKB50RH5R4

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Saskatchewan has been able to significantly reduce its workplace injury rate in recent years! At this rate, SK may soon become the province with the lowest injury rate in Canada! This comes as a result of close collaboration with employers while using the combined power of enforcement and prevention. There is still much work to be done since SK's lost time injury rate is still higher than most provinces including Ontario as of 2022 according to the Association of Workers'​ Compensation Boards of Canada (AWCBC/ACATC). https://lnkd.in/gmKNxHPd

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Process mapping has had a major impact on our standard operating procedures. I first started using this method back in 2013 at Ontario Insurance Company. It was initially inspired by my wife Amy Kearns Auten's Lean Six Sigma training. Today, we’ve integrated process mapping into all of our procedures. It helps to create a clear path from start to finish. This approach helps us identify inefficiencies, ensure consistent outcomes, and streamline our processes. It’s like having a reliable GPS for our claims management journey. It guides us to avoid unnecessary detours and reach our destination faster. Additionally, process mapping improves communication within our team. Everyone understands their role and the next steps. It keeps things running smoothly and efficiently. By adopting this structured method, we can deliver superior service to our clients. With smooth running systems, every claim is handled with care and precision. Curious about the benefits of process mapping? Check out our latest blog post here: https://lnkd.in/gRFmnUWY Have you made process mapping part of your claims operations?

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🚨 Jasper Wildfire: A Historic Challenge for Our Industry 🚨 As we face another intense wildfire season across the nation, the recent report from Canadian Underwriter highlights the staggering impact of the Jasper wildfire, which could become one of the costliest on record. $700,000,000 with 30% of structures in the town destroyed. At Lemonade Insurance Canada, we understand the critical role insurance plays in these unprecedented times. Our hearts go out to the communities affected, and we are committed to supporting our clients through these challenging events. This report underscores the importance of proactive risk management and comprehensive coverage. As we continue to innovate and adapt, we strive to provide our clients with the best protection and peace of mind in the face of natural disasters. Let's work together to build a more resilient future. #Insurance #Wildfire #RiskManagement #LemonadeInsuranceCanada #CommunitySupport #Resilience #JasperStrong #AlbertaStrong

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As part of my “The Claim as a Critical Incident” training workshop, I include a section that focuses on self care. We got hammered with Ontario flooding claims a couple of weeks ago and then the hail event in Calgary today. Feeling the stress … and so, doing my self care. What are you doing to diminish the stress of an overflowing work load? #stressmanagement #selfcare

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Wildfires are becoming an increasing threat across Canada, and over 60,000 communities are at significant risk; residents need to be well-prepared. Experts now advise Canadians in fire-prone areas to prepare for self-sufficiency above the traditional 72 hours. Beyond safety precautions, it's important to understand the necessary steps for protection during a wildfire evacuation. Knowing how to ensure you are adequately covered by your insurance in the aftermath of such events is key. Proactive planning and staying informed can significantly enhance your resilience against the growing threat of wildfires. #Wildfires #Canada #SafetyPrecautions

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#COVID19 still sidelines many workers. While the potential risk of increased mortality is minimal, the #DI could be substantial. https://bit.ly/4b7imaP Dr. Robert Frank, medical director for LIBRA Insurance Partners explains. #riskmanagement #underwriting #lifeinsurance #disabilityinsurance #insuranceindustry

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Straight Talk about the Insurance Industry: Thriving in an Economy Tailored to Ensure Their Success They should thank governments for a framework that allows them to make such profits. Why doesn’t IBC allow comments on its’ Posts?!? Here are some observations. Critical Assessment: 1. Market Position: - Regulatory Advantage: Insurance companies thrive due to favourable regulations. Their profits are almost guaranteed by mandatory policies (e.g., auto insurance). - Government Support: Mandatory insurance laws ensure constant demand, reducing business risks compared to other sectors. 2. Economic Contribution vs. Dependence: - Reliance on Economy: The industry’s GDP and job contributions depend heavily on overall economic health. During downturns, they offset risks with higher premiums for consumers. - Indirect Subsidies: Investments in government bonds act as low-risk, high-return subsidies, further stabilizing the industry. 3. Job Creation and Quality: - Job Quality: The report boasts 297,000 jobs but doesn’t detail their quality. Are these high-paying and secure, or mostly low-wage roles? - Gender Statistics: While 60% of employees are women, it's important to see if they hold leadership roles or are in lower-level positions. 4. *Tax Contributions: - Tax Burden: The $12 billion tax contribution should be weighed against the industry’s total revenue. Are there significant tax breaks that reduce their effective tax rate? - Comparison: Are insurance companies paying their fair share compared to similar industries? 5. **Public Policy Influence:** - Self-Interest: The industry’s advocacy for policies like national flood insurance may primarily benefit them by expanding their market and reducing payout risks. - Policy Impact:Their influence can shape regulations to their advantage, possibly at the expense of consumer protection. 6. Investment Strategies: - Safe Investments: Heavy investments in government bonds ensure steady returns with minimal risk but do not necessarily foster economic innovation or growth. Conclusion: While contributing to economic growth, the P&C insurance industry benefits from a favourable regulatory framework and government policies. Their economic contributions should be viewed critically, considering their privileged market position.

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Looking forward to attending ICMIF's #2024BiennialConference next week in Buenos Aires sponsored in part by EY where mutual and cooperative insurers from around the globe will gather together in a pursuit to #shapethefuturewithconfidence anchored in the theme of collaborating with purpose: people, performance and partnerships. The report below is timely in advance of this conference highlighting the impact of ICMIF's members. #EY #leadingwithpurpose #mutualandcooperativeinsurers #insurance #propertyandcasualty #lifeandhealthinsurance #EYCanada

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Join us…https://lnkd.in/g3Q-Yhhr Good Evening UCP Members, We have some exciting news to share that marks a significant milestone for our community! United Claims Professionals (UCP) has achieved 501(c)(6) tax-exempt status, enhancing our ability to serve you and the entire claims industry even more effectively. Enhanced Impact of Your Contributions While your membership fees and sponsorships have always been crucial in driving our mission, this new status bolsters our ability to advocate for fair and efficient practices within the claims industry and beyond. * Empowered Advocacy: Our 501(c)(6) status means we can now more assertively influence public policy and regulations that directly affect our industry and your daily operations, ensuring that your voice is heard where it matters most. * Sustained Educational and Networking Initiatives: We are dedicated to continuing the expansion of our educational programs and networking opportunities. These initiatives are designed to enhance your expertise and connect you with peers, fostering a community that supports professional growth and collaboration. Tax Deductibility of Membership Fees Your membership and sponsorship contributions are tax-deductible as a business expense. We encourage you to consult with your tax accountant to fully understand how this applies to your tax situation. Our Commitment to Growth As we celebrate this milestone, we are reminded of the strength and dedication of our members and sponsors, who have made this achievement possible. We’re proud of the progress we've made together in our first year, and we’re committed to using this new status to advance our shared goals in the future. Thank you for your continued support and commitment. Your involvement is pivotal as we strive to positively shape the industry and promote greater transparency, accountability, and equity in the claims process. Looking forward to an even brighter future together, Your Team at United Claims Professionals #publicadjuster #experiencematters #InsuranceClaims #InsuranceHeroes #claimsadjuster #Propertydamage #Insuranceadjuster #lossadjuster #homeinsurance #businessinsurance #insuranceadvice #stormdamage #disasterrecovery #insurancehelp #homeimprovement #homerepair #realestate #propertymanagement #homeowners #smallbusiness #relationshipsmatter #nationwide #appraisal #largeloss #wind #hail #smoke #wildfire #tornadao #hurriance #vandalism

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At @AvivaCanada, we are constantly exploring new approaches to help protect and minimize the impact severe weather-related events have on our customers. So glad to see the launch of our partnership with Wildfires Defense Systems. This is an additional free service for customers in Alberta and British Columbia, in an effort to protect and help mitigate loss to their property against the threat of wildfires. Sharing some further insight @Shauna Mamini, our lead on Property and Exposure Management in Personal Insurance, on how the partnership works and why it’s important.  https://lnkd.in/g-2kRsec

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Mandatory disclosure requirements 😬 😬 😬 Run through scenarios with our partners at Definity to understand RIBO requirements and compliance in our latest eLearning course. https://bit.ly/47hlZJV #OntarioBrokers #Insurance #Education #eLearning

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This recent panel shares insights on the state of the professional #risks in #Canada by Insurance Business Magazine. As well as the challenges and opportunities that face professionals today, from heightened #cybersecurity threats to evolving regulatory demands. A standout point in the discussion is how businesses are increasingly prioritizing proactive #RiskManagement to mitigate these emerging threats. The experts shed light on the latest trends in professional #liability #insurance and explain how firms can better protect themselves and their clients amidst these changes. For anyone who is involved in risk management or looking to stay updated on professional risks in Canada, this video offers valuable perspectives and practical advice. #InsuranceIndustry #RiskLandscape

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