Tech
Much remains to be done to bolster awareness, availability and take-up of p&c insurance on a global scale, but there are encouraging signs in play that may be further advanced by use of technology, Moses Ojeisekhoba, chief executive officer, reinsurance for Swiss Re, suggested Tuesday. “We’re still a long way from actually getting to the […]
By Angela Stelmakowich | April 5, 2017
4 min read
HR
Analytics is the single greatest disruptor to the Canadian insurance industry today, according to 65% of executives polled for a recent survey by Insurance Nexus, a division of FC Business Intelligence. Insurance Nexus reported on Tuesday that it recently surveyed more than 100 insurance executives from across Canada to get a benchmark of “what is […]
By Canadian Underwriter | April 4, 2017
2 min read
More than 80% of homeowners insurance carriers in the United States believe that smart home and Internet of Things (IoT) technology will attract new property and casualty customers and improve customer relationships, according to a new report from NTT DATA. The IoT Disruption and Opportunity in the U.S. Insurance Industry research report was released on […]
Technology was the main item on the menu at the 2nd Annual Insurance-Canada.ca Broker Forum. As quickly as things are changing for brokers and their partners - driven, in large part, by customer wants and demands - is the breadth of options available for brokers to sample.
By Jason Contant, Online Editor; and Angela Stelmakowich, Editor | April 1, 2017
7 min read
Major upheavals within many insurers' underlying systems are necessary to answer the changing needs of the insurance world and the changing demands of consumers. Brokerages, in turn, will need to stay current with broker management system software releases to both access new connectivity capabilities and be able to offer the full set of data required by insurers.
By Brenda Rose, Vice President and Partner, FCA Insurance Brokers | April 1, 2017
Worldwide spending on security technology is forecast to reach US$81.7 billion this year, according to a recently released guide from International Data Corporation (IDC), a global provider of market intelligence, advisory services and events for the information technology, telecommunications and consumer technology markets. The update to the Worldwide Semiannual Security Spending Guide, released earlier this […]
By Canadian Underwriter | March 31, 2017
3 min read
Artificial intelligence (AI) and the Internet of Things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, according to new research from global professional services company Accenture. The research, which includes new analysis of CB Insights data on 150 insurtech deals over the last three years, was released on […]
Mutual insurers need a long-term plan to ensure they meet the twin goals of capitalizing on the opportunities that data offers and continue to staying true to serving customers, the head of the Ontario Mutual Insurance Association (OMIA) suggested Thursday. “You can’t just get data from your own risks,” OMIA president and CEO John Taylor […]
By Angela Stelmakowich | March 31, 2017
Justin Trudeau has announced a joint federal and Ontario government investment in the Ford Motor Company of Canada, part of which will help establish a new research and engineering centre focusing on connectivity research and development. Prime Minister Justin Trudeau announced the investment of $102.4 million to Ford Canada in a statement on Thursday. The […]
By Canadian Underwriter | March 30, 2017
Legal / Regulation
The Office of the Privacy Commissioner of Canada will soon be funding an arms-length project to develop a code of practice for connected cars, weighing a balance between information flow and privacy protection. “The benefits available to Canadians through the arrival of connected and autonomous cars may be significant,” Privacy Commissioner of Canada Daniel Therrien […]
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