Topic
Technology
“Mobile-first” insurtech may be coming to Canada
January 16, 2019 by Greg MeckbachA San Francisco-based firm calling itself a “mobile-first” property and casualty insurance brokerage might start placing home and auto coverage in Canada. Canadian Underwriter asked Karn Saroya, CEO of Cover Financial Inc., whether his insurtech plans to expand into Canada.…
What buyers look for in a brokerage
January 16, 2019 by Greg MeckbachInformation technology is one driving force behind mergers and acquisitions involving property and casualty insurance brokerages. Acquiring new products, talent and technology are among the reasons behind M&A activity in P&C insurance, said Georges Pigeon, a Montreal-based partner with KPMG’s…
Why your brokerage needs an online presence
January 15, 2019 by Jason ContantBrokerages looking to scale their expertise should focus their efforts online, says the CEO of a Vancouver-based company that helps brokers with automation solutions. “Externally, the new standard of engagement is online,” Jeff McCann, CEO of Digital MGA Marketplace Ltd.,…
This province lacks ‘reasonable’ cyber security: privacy commissioner
January 15, 2019 Keith Doucette - THE CANADIAN PRESSHALIFAX – A pair of reports slam the Nova Scotia government for failing to protect personal information, saying the risk management around its freedom-of-information website was inadequate and a privacy breach last year was preventable. In his report released Tuesday…
Why future AI will involve less data
January 14, 2019 by Jason ContantMachines and applications with artificial intelligence (AI) capabilities will soon rely less on bottom-up big data and more on top-down reasoning that more closely resembles the way humans approach problems and tasks, Accenture said Monday. “We will have top-down systems…
How this insurer detects distracted drivers
January 11, 2019 by Greg MeckbachCanada’s largest property and casualty insurer is checking to see whether some of its auto insurance clients are using their phone while driving. If your auto client is insured by Intact under its My Driving Discount program, Intact can detect…
Safety recall affects 1.7 million vehicles in North America
January 10, 2019 Tom Krisher - THE ASSOCIATED PRESSDETROIT – Toyota is recalling 1.7 million vehicles in North America to replace potentially deadly Takata front passenger air bag inflators. The move announced Wednesday includes 1.3 million vehicles in the U.S. and is part of the largest series of…
Uber autonomous vehicle testing resumes in Toronto
December 20, 2018 Ian Bickis - THE CANADIAN PRESSTORONTO – Uber Technologies Inc. says its self-driving vehicles have returned to the streets of Toronto in a modified program after it halted testing earlier this year when one of its autonomous vehicles struck and killed a pedestrian in Arizona.…
Why insurers should invest in omnichannel strategies
December 19, 2018 by Jason ContantWith strategic investment in digital initiatives and omnichannel, insurers can become more customer-centric, achieve growth and lower costs, Ernst & Young (EY) said recently. Digital and omnichannel is one of five key issues and trends that should be on the…
How not to deal with a ransomware attack
December 19, 2018 by Greg MeckbachYour client should never have to negotiate with a cyber criminal even if that client has suffered a ransomware attack, cyber security experts advise. Ransomware is a type of computer malware that prevents clients from either using their computers or…
Calgary claims vendor now owned by CoreLogic
December 19, 2018 by Greg MeckbachCoreLogic Inc. announced Wednesday it has closed its acquisition of Symbility Solutions Inc. Irvine, Calif.-based CoreLogic – which provides risk data on properties to property and casualty insurers – already owned 28% of Symbility, a Calgary-based vendor of claims processing…
How ransomware can become a broker’s cyber selling point
December 18, 2018 by Jason ContantBrokers placing cyber coverage for healthcare clients may want to take note of a new survey that found for many Canadian businesses, ransomware isn’t a one-time occurrence. Of those polled that said they knew of a ransomware attack in their…