Tech
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Michael Parent, Professor of Management Information Systems, Simon Fraser University Do you remember when 40 million was a large number? Forty million dollars in […]
By Jason Contant | December 5, 2019
5 min read
Insurance Brokers Association of Canada (IBAC) and Canada Safety Council (CSC) have teamed up for a new social media-led campaign timed to coincide with Distracted Driving Week, which runs until Dec. 7. The campaign focuses on two key distracted driving behaviours: texting and eating. Even if a driver is lucky enough to avoid injury or […]
By Jason Contant | December 4, 2019
2 min read
Concerned about whether “black box” underwriting methods based on artificial intelligence are good for your clients? So is Canada’s federal insurance regulator. “We get a lot of questions around AI and what are we to do about it,” said Neville Henderson (pictured, below right), assistant superintendent of the Office of the Superintendent of Financial Institutions. […]
By Greg Meckbach | December 4, 2019
3 min read
Operations
Applied Systems announced Wednesday it has entered into a definitive agreement to acquire Indio Technologies, a software company that digitizes the insurance application and renewal process. The announcement comes less than two months after Applied acquired Policy Works, a major platform for commercial lines business in Canada. “We wanted to bring a team that had […]
Legal / Regulation
VICTORIA – Premier John Horgan says ride-hailing is on its way to British Columbia and if the service isn’t available by Christmas it shouldn’t be seen as a government failure. The premier says the approval process to bring ride-hailing services to B.C. is well underway but it has been time consuming and taken longer than […]
By The Canadian Press | December 3, 2019
HR
Commercial brokerages are looking at non-traditional approaches, particularly around technology, to attract and build producer talent, speakers said Thursday at Insurance Bureau of Canada’s inaugural Commercial Insurance Symposium in Toronto. “We’re seeing some commercial brokerages put increasing emphasis on [non-traditional approaches] and getting more digital-savvy and plugging into different ecosystems than they traditionally would to […]
By Jason Contant | November 29, 2019
4 min read
Most home insurance clients don’t know they could be covered for identity theft, Top Broker Summit attendees heard Monday. “On the personal lines side, there have been a number of companies in Canada that have offered identity theft coverage for 10, 12 or 13 years. I think most Canadians don’t know it’s available,” said Paul […]
By Greg Meckbach | November 27, 2019
Forget about attracting talent, keeping up with rapid change, or complying with a myriad of regulations – what’s really keeping insurance executives up at night is scaling artificial intelligence (AI) for their business. According to a recent report from Accenture, based on a global survey of 1,500 C-level executives across 16 industries (including 113 executives […]
By Jason Contant | November 27, 2019
How do you insure intangible assets like intellectual property or data on the cloud? If you are not thinking about this now, you could be in a few years, insurance company executives told brokers attending Canadian Underwriter‘s Top Broker Summit meeting in Toronto Monday. For many of the world’s largest companies, most of their assets […]
A comparison site wants to partner with brokers in Canada who are looking to generate leads, but the idea sparked a debate at a panel discussion at Canadian Underwriter‘s Top Broker Summit conference Monday. LowestRates.ca CEO Justin Thouin was making the case that aggregators may not necessarily be competing with Canadian brokers, but actually helping […]
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