Tech

The Great Data Shake-Up The Great Data Shake-Up Image

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The Great Data Shake-Up

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

7 min read

Worldwide spending on security technology expected to reach US$81.7 billion in 2017: International Data Corporation Worldwide spending on security technology expected to reach US$81.7 billion in 2017: International Data Corporation Image

Tech

Worldwide spending on security technology expected to reach US$81.7 billion in 2017: International Data Corporation

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 and Internet of Things accounted for nearly half of insurtech funding globally in 2016: Accenture Artificial intelligence and Internet of Things accounted for nearly half of insurtech funding globally in 2016: Accenture Image

Tech

Artificial intelligence and Internet of Things accounted for nearly half of insurtech funding globally in 2016: Accenture

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 […]

By Canadian Underwriter | March 31, 2017

3 min read

Long-term data strategy will allow for making the most of the information: OMIA’s Taylor Long-term data strategy will allow for making the most of the information: OMIA’s Taylor Image

Tech

Long-term data strategy will allow for making the most of the information: OMIA’s Taylor

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

3 min read