Keyword
Analytics
5 must-haves for your brokerage data system
December 3, 2020 by Jason ContantBeing able to collect better data regarding sales and customer behaviour are obvious reasons to upgrade the data system at your brokerage, but there are other benefits, Vancouver-based P&C insurance consulting firm Smythe Advisory said in a blog published Tuesday.…
Data to the rescue
January 2, 2020 David Gambrill, Editor in ChiefWitness to three hard markets, Greg McCutcheon, president of Opta Information Intelligence, tells how advanced analytics can predict the winners and losers in today’s hard market
How to accelerate your analytics journey in the IFRS 17 world
November 21, 2019 by Jason ContantAs the 2021 deadline for IFRS 17 implementation rapidly approaches, insurers would be well-advised to consider a data hub strategy to accelerate their journey to analytics, a speaker stressed last week at the Canadian Insurance Accountant Association’s Fall Technology Seminar.…
Analytics expert warns against ‘data hoarding’
September 26, 2018 by Greg MeckbachElectronic data can be a powerful tool and is not expensive to store, but it’s only useful if you have a strategy behind it, speakers said during this week’s Insurance Analytics Canada Summit. “If you don’t have a data strategy,…
Winter tire claims statistics took biggest insurer by surprise
July 22, 2018 by Greg MeckbachWhen Intact started giving discounts on auto insurance to people with winter tires, the result appeared to be counter-intuitive. Motorists insured by Intact who reported having winter tires installed “were having worse loss ratios” than those driving in the winter…
Opta Information Intelligence and Risk Management Services Combine Forces to Meet Evolving Needs of Canadian Insurers
March 5, 2018 Opta Information IntelligenceTORONTO, March 5, 2018 /insPRESS/ – Opta Information Intelligence (Opta) and sister company Risk Management Services (RMS) are proud to announce the integration of the two companies. Going forward we will be expanding our suite of services and innovation solutions for the…
P&C job losses of 30-40% within 10 years: RSA Canada CEO
November 15, 2017 David Gambrill, Editor-in-ChiefTechnological automation is going to significantly change the composition of Canada’s property and casualty insurance industry, reducing the workforce by up to 40% within the next five to 10 years, predicts RSA Canada president and CEO Martin Thompson. Speaking at…
Data Crunching
November 3, 2017 Jeffrey Baer, Manager of Advanced Analytics, Economical InsuranceBrokerages of all sizes can gain insight using data analytics if they collect accurate data on clients and operations and leverage government and public information sources.
Octo Telematics to acquire Willis Towers Watson’s UBI assets; firms to partner on insurance-related products
October 12, 2017 by Canadian UnderwriterOcto Telematics and Willis Towers Watson (WTW) have reached an agreement in which the former will acquire the latter’s usage-based insurance (UBI) assets, setting the stage for the two companies to work together on more auto telematics opportunities. Leveraging Octo’s…
EY polls Canadian oil & gas refinery operators on equipment failure
August 28, 2017 by Canadian UnderwriterSome operators of Canadian oil and gas upgraders and refiners are delaying scheduled maintenance due to budget cuts and there is a heightened risk of equipment failure, especially with valves and pumps, Ernst & Young LLP suggested in a recent…
Half of surveyed CEOs plan to adopt cognitive computing by 2019: IBM study
July 11, 2017 by Canadian UnderwriterHalf of surveyed chief executive officers across the globe plan to adopt cognitive computing by 2019, according to a recent study conducted by the IBM Institute for Business Value (IBM IBV). The study, titled Accelerating enterprise reinvention: how to build…
Majority of global financial institutions to ramp up transformation initiatives over next year, Accenture survey finds
June 26, 2017 by Canadian UnderwriterAn Accenture survey of nearly 800 financial services executives across Europe, Asia and North America found that more than half of financial institutions plan to increase their investments in major corporate transformation initiatives, or “change programs,” over the next 12…