Canadian Underwriter

Topic
Technology


Feature Technology

Amazon aspirations

November 4, 2019 Adam Malik, Managing Editor

Be like Amazon, experts tell the P&C industry. But is it realistic for brokers and insurers to mimic the retailing giant’s online sales model?

News InsuranceTechnology

Data exchange: does it make sense for the insurer to compete with the mail service?

November 1, 2019 by Greg Meckbach

Imagine if each insurance company set up its own courier service to compete with Canada Post, instead of having a common carrier for the industry. Joseph Carnevale conjures up this scenario to illustrate why it’s a bad idea for every

News ClaimsClaims CanadaRiskTechnology

Desjardins revises data theft impact numbers, says 4.2 million affected

November 1, 2019 Julien Arsenault - THE CANADIAN PRESS

MONTREAL – The Desjardins Group data theft is much more widespread than first thought and actually hit 4.2 million members, the banking co-operative’s chief executive said Friday. Guy Cormier told a news conference the revised number – which represents the

News InsuranceTechnology

How much investors have sunk into insurtech

October 25, 2019 by Greg Meckbach

Insurtechs like one Canadian startup in particular are letting brokers provide better service, but the sector as a whole contains some money pits for investors, Willis Towers Watson suggested in a report released Wednesday. “Unquestionably a good number of InsurTechs

News BrokersInsuranceTechnology

Aviva’s approach to the small business portal experience

October 25, 2019 by Jason Contant

Brokers have long expressed concerns about digital portals, from been kicked out as they near the end of a submission to the amount of time it takes to log into each insurer’s portal. In Canadian Underwriter’s recently-released 2019 National Broker

News InsuranceTechnology

How this insurer is using an online game format to reduce teen driver collisions

October 24, 2019 by Jason Contant

Manitoba Public Insurance (MPI) is using an online game format in an attempt to help reduce collisions among teen drivers. The MPI-developed Driver Z online platform and curriculum is organized on a map that spans six zones. By completing elessons,

News InsuranceLegislation / RegulationTechnology

How Intact is changing usage-based auto insurance in one province

October 21, 2019 by Greg Meckbach

Intact Insurance is making some key changes to its usage-based insurance (UBI) product for motorists in Nova Scotia. Essentially, the company is requiring continual monitoring of an insured’s driving behaviour rather than having the same discount apply until the end

News BrokersInsuranceTechnology

How online policy administration could put brokers at risk

October 18, 2019 by Greg Meckbach

When clients want to make policy changes online, brokers have a vested interest in being in the loop, suggests a consultant who advises insurance companies. More customers these days are expecting their insurance providers to give them the same kind

News RiskTechnology

How this city made basement flooding risk predictions more precise

October 17, 2019 by Greg Meckbach

Brokers wanting to find out how likely their client’s basement will be flooded might want to ask whether the insurance companies are using data from the municipality in their flood maps. “A lot of residents have indicated concerns with purchasing

News AnnouncementsCommercial LinesInsuranceMergers and AqcuisitionsTechnology

Applied Systems acquires Policy Works

October 15, 2019 by Jason Contant

Applied Systems announced Tuesday it has acquired Policy Works, a major platform for commercial lines business in Canada. The acquisition will extend Applied’s position within the commercial lines market segment, driving greater connectivity and automation for commercial lines brokerages and

News Claims CanadaTechnology

Don’t count on Canada-wide, high-resolution flood modelling anytime soon

October 10, 2019 by Greg Meckbach

Flood maps with a resolution of two metres would be ideal, but don’t expect anything like this Canada-wide anytime soon. The current standard for the spacing of a topographic grid for regional mapping and modelling is 30 metres, as the

News InsuranceMergers and AqcuisitionsTechnology

5 lessons for M&A newbies, courtesy of serial acquirers

October 10, 2019 by Jason Contant

What are some of the best practices in mergers and acquisitions (M&A)? David Hunt, senior director of mergers and acquisitions at Willis Towers Watson, said in a recent blog that newcomers can learn from the best serial acquirers. While not