Tech
Brokers looking to achieve better connectivity with their insurer partners should focus on two core areas of their business
By Steve Whitelaw, Vice President, Industry Relations, Applied Systems | February 6, 2020
3 min read
A startup based in Winnipeg is using near-miss data from intersections in an attempt to proactively, rather than reactively, help reduce traffic fatalities. “Up until now, traffic engineers have focused on using historical crash data that involve a fatality to program interventions,” Craig Milligan, road safety engineer and CEO of MicroTraffic, told Canadian Underwriter Friday. […]
By Jason Contant | February 6, 2020
Operations
In addition to using modern data analytics, commercial brokers can use traditional, proven risk assessment tools to help business clients understand and cope with price increases in today’s hard market, says a veteran of three hard markets. Inspections have been around for hundreds of years to help P&C insurers price correctly for commercial property risk, […]
By David Gambrill | February 4, 2020
Ransomware and privacy breaches may be among the top cyber threats on your radar, but are you aware of all of the connected manufacturing and other industrial control systems that may be at risk, a commercial insurer warns. “These production environments are highly vulnerable, in that they simply weren’t built with security in mind,” Jeff […]
By Greg Meckbach | February 4, 2020
Aon plc has announced the acquisition of Cytelligence, a Canadian-based cyber security firm with deep expertise in cyber incident response and digital forensic investigations. London, UK-based Aon said Tuesday the acquisition will help the brokerage expand its current coverages within the cyber market at a time when cyber claims are almost doubling year-over-year. To help […]
By Jason Contant | February 4, 2020
2 min read
Western Financial Group has acquired Orr & Associates, an independent brokerage in southwestern Ontario known for an experienced staff that includes two former Insurance Broker Association of Canada (IBAC) presidents, Ken Orr and Keith Wilson. Effective immediately, Orr & Associates and their two retail locations in southern Ontario are part of Western. This latest acquisition […]
Your clients likely have cellphones and use them to text. What’s stopping brokers from communicating with clients using the technology they want?
By Adam Malik, Managing Editor | February 4, 2020
5 min read
A short time ago, insurers feared insurtechs would disrupt the property and casualty industry.
By David Gambrill, Editor in Chief | February 4, 2020
HR
Canadian insurance professionals want to learn how to be innovative, and they are enlisting the help of a Canadian-based open innovation centre to explore the new frontier of design thinking. “Design thinking revolves around a deep interest in developing an understanding of the people for whom we’re designing the products or services,” as defined by […]
By Jason Contant | February 3, 2020
What major technology trends do you foresee in the property and casualty insurance industry in 2020? What new technologies will be on the brokers’ radar? We put these questions to a number of tech experts; their responses will inform your strategic thinking about tech.
By Greg Meckbach, Associate Editor | February 3, 2020
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