Canadian Underwriter

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Technology


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How commercial brokers and carriers are dealing with the war for talent

November 29, 2019 by Jason Contant

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

News InsuranceTechnology

The home insurance coverage your clients don’t know about

November 27, 2019 by Greg Meckbach

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

News InsuranceTechnology

What insurance executives fear will make them go out of business in 5 years

November 27, 2019 by Jason Contant

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,

News BrokersInsuranceTechnology

What’s coming to the forefront of commercial insurance

November 27, 2019 by Greg Meckbach

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

News BrokersTechnology

Aggregators: friends of brokers or foes?

November 26, 2019 by Greg Meckbach

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

News InsuranceLegalTechnology

What an expert is calling one of the toughest penalties for impaired drivers

November 26, 2019 Morgan Lowrie - THE CANADIAN PRESS

MONTREAL – Quebec is bringing in a new measure for impaired drivers that will require repeat offenders to pass a breathalyzer every time they drive, in what one expert describes as among the toughest policies in the country. Beginning Nov.

News RiskTechnology

Ransomware’s latest victim: a child welfare authority

November 25, 2019 The Canadian Press

HEADINGLEY, Man. – An Indigenous child welfare authority in Manitoba has called in the RCMP after being hit by a cyberattack that’s corrupted its computer files and potentially compromised the privacy of its clients. Southern First Nations Network of Care

News InsuranceProductsTechnology

What these ‘non-traditional’ insurance products will look like

November 19, 2019 by Greg Meckbach

As an increasing number of your clients come from cohorts younger than Generation X, the availability of non-traditional insurance products is going to increase, an insurtech industry watcher suggests. “I think we are increasingly going to see the development of

News InsuranceRiskTechnology

The many roads to successful IFRS 17 implementation

November 18, 2019 by Jason Contant

When trying to implement an IFRS 17 solution in your insurance company, should you start fresh with a new solution, integrate into your existing systems, enlist the aid of a third-party provider or some or all of the above? The

News Technology

Government computers slowly returning to normal after ransomware attack

November 15, 2019 The Canadian Press

IQALUIT, Nunavut – The Nunavut government is slowly returning to normal nearly two weeks after its computer systems were paralyzed by a cyber attack. Dean Wells, the territory’s chief information officer, says departments are beginning to come back online. Government

News InsuranceTechnology

One collateral benefit of IFRS 17

November 14, 2019 by Jason Contant

Insurers who go beyond just mere compliance with IFRS 17 into data optimization are reaping the benefits, including expanded capabilities with advanced analytics, machine learning and artificial intelligence, speakers said Wednesday at an industry event. The rich dataset collected from

News BrokersInsuranceTechnology

The downside for brokers of better commercial flood mapping

November 13, 2019 by Greg Meckbach

Commercial brokerages are going to have to start buying the same data on commercial flood risk that insurance carriers are already buying, says a Toronto commercial broker. Insurers tend to have data on the claims history of commercial property, and