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Worldwide spending on security related to the Internet of Things (IoT) will reach US$348 million in 2016, a 23.7% increase from 2015 spending of US$281.5 million, according to Gartner, Inc. Gartner, an information technology research and advisory company based in Stamford, Conn., said that by 2018, spending on IoT security is expected to reach US$547 […]
By Canadian Underwriter | April 26, 2016
2 min read
The Centre for Study of Insurance Operations (CSIO) announced on Tuesday that it has released its new eSignatures Savings Calculator tool, which supports members in determining the return on investment (ROI) of adopting an eSignatures solution. The calculator estimates the monthly and yearly cost savings members can expect to realize through paperless workflow, CSIO noted […]
Insurers who succeed will “do so by dramatically transforming their workforces and cultures to operate in a digital world,” according to a report released on Tuesday by Accenture, a global professional services company providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. The Accenture Technology Vision for Insurance 2016 […]
4 min read
Don’t underestimate the effort required to have a major change such an acquisition go through successfully, attendees to the 2016 CIP Society Symposium heard last week. Speaking during an Up Close and Personal session, Surender Sekhon, director of operational underwriting with Desjardins General Insurance Company, discussed Desjardins’ acquisition of State Farm Canada, which officially closed […]
By Jason Contant | April 25, 2016
3 min read
Kanetix Ltd. has partnered with ClientDesk Inc. to offer a new insurance solution to insurance providers, intermediaries and their customers – a mobile self-service technology for policyholders that allows insurance providers to connect with their clients via a mobile app. “The biggest benefit of our partnership with ClientDesk is having over 16 years of business […]
By Canadian Underwriter | April 25, 2016
Not understanding the changing customer could prove detrimental to the insurance industry, Sam Natur, CEO and president of Bullfrog Insurance, told conference attendees last week at the 2016 CIP Society Symposium in Toronto. “If you think that’s not going to happen in this industry or we’re different or we need to have more of a […]
The first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms by year 2020,” predicted Barrie Kirk, co-founder and executive director of the Canadian Automated Vehicles […]
By Canadian Underwriter | April 22, 2016
With the number of disruptors entering the insurance industry, personal lines insurance is set to undergo a dramatic transformation, but will likely not disappear altogether, speakers suggested Thursday at the 2016 CIP Society Symposium. Catherine Kargas (picture below right), vice president of Montreal-based MARCON Management Consultants Inc., told conference attendees that she believes that personal […]
By Jason Contant | April 22, 2016
Half of CEOs worldwide expect their industries to be “substantially or unrecognizable transformed” by digital change, according to a survey released on Wednesday by Stamford, Conn.-based information technology research and advisory company Gartner Inc. The 2016 CEO Survey: The Year of Digital Tenacity involved a poll of 400 senior business leaders in user organizations worldwide, […]
By Canadian Underwriter | April 21, 2016
An international capital standard for global systemically important insurers is “probably not going to have much of an impact on the Canadian p&c industry,” an official with the Office of the Superintendent of Financial Institutions suggested recently, but Canadian insurers “will likely need to change some of their business practices to conform to the new […]
By Jason Contant | April 20, 2016
5 min read
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