Topic
Technology
This business process is taking too long
June 10, 2019 by Greg MeckbachSome brokers and carriers are spending too much time and effort dealing with incoming paper, a former auto underwriter says. While technology advancements mean more forms can be entered electronically through web and mobile apps, brokers nonetheless have data coming…
Should cyber insurance products become more standardized?
June 10, 2019 by Jason ContantHow far along is the Canadian insurance industry in terms of cyber product standardization? While some of the standard language for base coverage has become more standardized over the years, there is still an overall general lack of standardization. There…
How AI can help shape a more effective disaster response
June 7, 2019 by Jason ContantArtificial intelligence (AI) should be used not only to predict what will happen, but to shape and influence that outcome, the president of IBM Canada said Wednesday. “Predicting it is good, but the value that you get as an enterprise…
How an insurtech uses pre-fill data to a homeowner’s best advantage
June 6, 2019 by Jason ContantOne insurtech based in the United States is pre-filling data in home insurance application forms to help answer questions that customers may not be able to answer themselves. California-based home insurance company Hippo Insurance uses trusted public data sources like…
Apollo Insurance launches Exchange for brokers to quote, bind, and issue insurance documents online
June 6, 2019 Apollo Insurance SolutionsVANCOUVER, BC, June 5, 2019/InsPress/ — Apollo Insurance Solutions, Canada’s largest online insurance marketplace, has launched the Apollo Exchange, a digital tool that assists individual brokers and brokerages in placing insurance policies. Apollo’s mission is to empower the broker channel…
How the EU’s data privacy law will apply to your Canadian clients
June 5, 2019 by Greg MeckbachThe European Union’s new data privacy law can affect your clients even if they don’t have offices in Europe, a cyber security expert with one of the world’s biggest brokerages warns. The General Data Protection Regulation (GDPR), which took effect…
How reliable are severe weather emergency alerts?
June 5, 2019 by Jason ContantTwo tornadoes that swept through the Ottawa region Sunday have prompted questions about the effectiveness of Canada’s emergency alert system. Questions arose after numerous residents reported that they never received warnings about a tornado that hit Orléans, an east-end suburb…
Mainstream autos get driver monitoring devices
June 4, 2019 By Tom Krisher - THE ASSOCIATED PRESSDETROIT – Would you pay more for a car or SUV that warns you if you’re falling asleep or not paying attention behind the wheel? Auto companies are figuring that because your life could depend on it, you will. As…
Competitive insurance industry urged to collaborate more often
May 31, 2019 by Adam MalikTo get the best out of your collaboration efforts, get outside of your comfort zone. The best companies understand the value of collaboration, said Sven Roehl, co-founder of Cookhouse Lab, an insurtech innovation firm. But they also understand they need…
One way to cut time and effort from handling paper forms
May 30, 2019 by Greg MeckbachDo your workers spend hours typing information from paper forms into the computer? There are ways of automating this. “Nowadays, you probably have documents coming in and you put them on the scanner. When you are going to put them…
Don’t count on self-driving cars being just around the corner
May 29, 2019 by Greg MeckbachIf you are led to believe most of your clients will get around in self-driving cars within a decade, you might want to think again. “Autonomous vehicles will likely not be on our roads for at least another 25-30 years,…
Why cyber insurers can expect to make more (and bigger) claims payments
May 29, 2019 by Jason ContantNot only is the frequency of ransomware attacks skyrocketing, attackers are targeting larger organizations and demanding higher ransom payments. Specialist insurer Beazley released its Beazley Breach Insights report for May last week, finding that ransomware attack notifications against clients increased…