HERE Technologies, a global leader in mapping and location platform services, announced the availability of a SDK, designed to give drivers real-time insight in order to be able to make informed decisions on upcoming obstacles, road infrastructure or driving conditions, without cloud processing or the need for connectivity.
LeddarTech® continues to be recognized both for its market-leading technology as well as its business practices as the company continues to present the new Cocoon LiDAR, the Leddar Pixell, at events worldwide.
DMTI Spatial & Intact Financial Awarded Technology of the Year Award
This week, DMTI Spatial and Intact Financial were awarded the Technology of the Year award, Insurer category, at the 6th annual Insurance Canada Technology Conference (ICTC) for their work in implementing real-time location analytics technology at Canada’s largest insurance company.
The risks presented by flood zones, elevation, or environmental factors can affect infrastructure development and insurance underwriting. To better understand these risks during the underwriting process, Intact Financial engaged DMTI Spatial to work on a solution that could easily integrate into their existing systems and processes.
Through DMTI’s location analytics tool, Intact’s 1,200 underwriters can now differentiate various risks based on the location and determine the most appropriate premiums. New quotes and active policies can, for the first time, be grouped to highlight concentration risks in a table form. Underwriters can also select a specific radius around a property to analyze. This function allows underwriters to view all properties within that radius (either active policies or new quotes being considered) in a table format.
TORONTO, March 13, 2015 – At the 6th annual Insurance Canada Technology Conference (ICTC), DMTI and Intact Financial Corporation were awarded the Technology Implementation of the Year award for their work in implementing real-time location analytics technology at Canada’s largest insurance company, resulting in a 15 per cent reduction in processing time. Judging for the ICTA is based on the positive impact that a specific technology or application of technology has had on business.
In 2014, Intact Financial tasked DMTI with building a real-time application that would integrate into the legacy underwriting systems and processes while allowing their team of underwriters to better understand the risks presented by existing and new policies during the underwriting process.
“We are honoured to be recognized as the ICTA Technology Implementation of the Year,” said Philip Kaszuba, President, DMTI Spatial. “As a leader in the insurance industry, Intact came to the project with a clear vision and a desire to leverage location to empower their underwriters with innovative analytical tools to better price and assess risks more efficiently. We’re excited by the results and strongly believe that this solution will help to meet evolving customer demands in the insurance industry.”
Leveraging DMTI’s Location Hub®, Intact implemented a mapping tool that provides a visual user interface within Intact’s underwriting systems, allowing underwriters to quickly identify risks and accelerate decision making. With this tool, underwriters can see properties on a map, street map data, existing risk layers, flood zones, elevation and proximity to water data and more.
“The entire underwriting community at Intact highly values the features associated with this new application,” said Alain Lessard, Senior Vice President, Commercial Lines, Intact Insurance. “The tool has a great visual component that makes it easier to see exactly where a risk is located and how it relates to other risks that Intact writes. We appreciate the efficiency it brings to the underwriting process, but more importantly, it helps us deliver on our promise to provide outstanding customer service and support by accelerating our decision making.”
The award-winning solution from DMTI Spatial has resulted in a 15 per cent reduction in processing time during the quoting process, making the payback period for this project six months. Contributing factors for this reduction included the ease of entering addresses as well as the reduction of errors when entering risk addresses. Further, the street map functionality quickly highlights concentration of risks in relation to environmental factors.
Intact Financial Corporation (www.intactfc.com) is the largest provider of property and casualty insurance in Canada. The company distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly owned subsidiary, BrokerLink, and directly to consumers through belairdirect.
About DMTI Spatial
DMTI Spatial, a member of the Neopost group, is the Canadian market leader in location based information and data quality. For almost 20 years, DMTI Spatial has been providing industry leading location economics and Master Address Management (MAM) solutions to Global 2000 companies and government agencies. DMTI Spatial is the creator of market leading CanMap® mapping solutions, Location Hub® and maintains the gold standard for GIS location-based data in Canada. DMTI Spatial is headquartered in Markham, Ontario. Learn more at www.dmtispatial.com
Last month at the Canadian Association of Geographers conference in St.John’s, Newfoundland, a group of concerned geography educators came together to discuss deficiencies in geographic knowledge, work on a strategy and create an action plan to help geographic education in Canada. St. John’s Declaration is a document that resulted from the meeting that will be sent out to all the major educational institutes and professional organizations to seek their endorsements for the cause.
“The Canadian GIS & Geomatics website has been a long standing supporter of Geography & GIS Awareness in Canada, and in support geographic learning, teaching and research that is the foundation of the Canadian geomatics sector, supports the St. John’s Declaration for Advancing Geographic Education.”
TomTom chooses DMTI Spatial
Quality and precision led to DMTI’s selection by world’s largest navigation solutions provider
Markham, ON – July 10th, 2013. DMTI Spatial Inc. (DMTI), Canada’s leading provider of location intelligence solutions, has reached an agreement with TomTom, a leading provider of navigation and location-based products and services. DMTI will provide high precision Canadian address points and other geospatial data to TomTom for the company’s GPS navigation systems and offerings.
“DMTI will help take TomTom Maps to the next level in Canada, by helping to make our map products even more accurate,” said Eszter Pattantyus, Vice President, TomTom Maps. “Millions of drivers use TomTom data every day; therefore, precision is absolutely crucial to us so that we can provide the best navigational experience.”
“TomTom’s decision to use data from DMTI further validates our position as the market leader for location based data services in Canada,” offered Phil Kaszuba, DMTI’s Vice President and General Manager. “TomTom has a reputation for high quality navigation solutions and we are proud to partner with them to bring our nation’s best location data to Canadian consumers where and when they need it.”
About DMTI Spatial Inc.
DMTI has been providing industry-leading enterprise Location Economics solutions for almost two decades to Global 2000 companies and government agencies. DMTI’s world-class Location Hub® platform enables real-time decisions by uniquely identifying, validating, analyzing and maintaining a universe of location-based data. Through a strong partner ecosystem, DMTI enables its customers to use location as a frame of reference to enrich customer, prospect, vendor and infrastructure insight with a wide variety of attributes to better identify risk and opportunity.
Founded in 1991, TomTom (TOM2) is a leading provider of navigation and location-based products and services. TomTom maps, traffic information and navigation technology power automotive in-dash systems, mobile devices, web based applications and government and business solutions.
TomTom also designs and manufactures its own location-based products including portable navigation devices and fleet management solutions, as well as GPS-enabled sports watches. Headquartered in Amsterdam, TomTom has 3,500 employees worldwide and sells its products in over 35 countries.
For further information, please visit www.tomtom.com
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