The Canadian Life and Health Insurance Industry came together on January 26, 2010 to take an important first step down the path of e-transactions and straight though processing. The purpose of the meeting, to get discussion started on building a faster future for the industry.

Click Here for the Complete PowerPoint Presentation

Click Here for the results of the Advisor Survey Presentation

Dennis Craig and Andy Cunningham, CLIEDIS Co-chairs, introduced the challenge to more than 130 attendees, including members from the carrier and distributor communities and their technology partners.

Click Here for list of Participating Companies.

CLIEDIS executive members presented different perspectives on the value of straight through processing, carrier, distributor, advisor and tecnology perspectives. Following the morning plenary presentation, group discussions were held on the potential benefits, potential costs, and the impact on the advisor of a straight through processing solution for the industry.

Click Here for the Consolidated List of Industry Benefits

A Bridge Group has been set up to ensure that the initiative moves forward. This short term group, made up of CLIEDIS members, has a limited mandate, to prepare a proposal for presentation to industry participants, outline the required commitment to investigation the solution and contact the industry for their commitment.

Click Here for the Bridge Group mandate, including participants.

A press conference was held on January 27, 2010 and included participation from the key industry publications. Articles have been published in a number of online industry publications and will also be found in printed publications in the near future.

Click Here for the Initial Pres Release on Newswire.

Summit Meeting Notes

The summit meeting notes are as they were transcribed in the meeting. Scribes were instructed to capture as stated, NOT to edit statements. The objective is to give a feel of the meeting discussions.  The sessions were facilitated in a highly structured manner. In addition, the attendees were given “preparation” materials, which were used as the basis for the structure of the sessions and the note taking. Attendees collectively decided on the input that would then be delivered to the Plenary sessions.

Morning Carrier Benefits Notes
Morning Distributor Benefits Notes
Morning Vendor Benefits Notes

 

Afternoon Change for the Advisor Notes
Afternoon Cost Factor Discussion Notes