Topic
Technology
Aggregators: friends of brokers or foes?
November 26, 2019 by Greg MeckbachA 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…
What an expert is calling one of the toughest penalties for impaired drivers
November 26, 2019 Morgan Lowrie - THE CANADIAN PRESSMONTREAL – 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.…
Ransomware’s latest victim: a child welfare authority
November 25, 2019 The Canadian PressHEADINGLEY, 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…
What these ‘non-traditional’ insurance products will look like
November 19, 2019 by Greg MeckbachAs 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…
The many roads to successful IFRS 17 implementation
November 18, 2019 by Jason ContantWhen 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…
When no love is lost
November 15, 2019 Jason Contant, Online EditorEmerging tech companies are entering a new world of vicarious liability that may not be covered under traditional E&O policies
Government computers slowly returning to normal after ransomware attack
November 15, 2019 The Canadian PressIQALUIT, 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…
One collateral benefit of IFRS 17
November 14, 2019 by Jason ContantInsurers 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…
The downside for brokers of better commercial flood mapping
November 13, 2019 by Greg MeckbachCommercial 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…
Three reasons for insurers to modernize their IT systems
November 12, 2019 by Jason ContantInsurance companies can capture the following three benefits by transforming their business model and modernizing their core IT systems, according to a new paper from management consulting firm McKinsey & Company. Increased gross written premiums and reduced churn – Flexible,…
Computer woes continue for government after cyber attack
November 7, 2019 The Canadian PressIQALUIT, Nunavut – The government of Nunavut is still struggling with computer systems paralyzed by a cyber attack last weekend. “Network recovery is ongoing as the (territory) works to uncover information, prepare recovery plans and work on department priorities,” said…
Next round of reusable data services aims to solve this problem
November 6, 2019 by Greg MeckbachWhen a corporate client’s policy is up for renewal, it can take a lot of time and effort to get a claims run request, a Toronto commercial broker suggests. The commercial claims run is a report, on a client, showing…