Canadian Underwriter

Topic
Technology


News InsuranceTechnology

How to make money during an unprofitable market

January 24, 2019 by David Gambrill

As market conditions start to become more challenging in personal home, auto and commercial property lines, how can carriers and brokerages maintain a healthy, profitable book of business? “To me, there are three possible strategies,” says Greg McCutcheon, president of

News BrokersInsuranceTechnology

Would you buy insurance from your own website?

January 22, 2019 by Jason Contant

Before jumping right into buying a piece of technology, brokers should first think about mapping out the customer journey, suggests the CEO of a company that helps brokers with automation. “Diving right into the software isn’t always the best because

News InsuranceTechnology

How Intact is promoting Big Data and actuarial training

January 21, 2019 by Jason Contant

Canada’s largest insurer has teamed up with a Quebec university to establish two new chairs in artificial intelligence (AI) and actuarial science. Intact Financial Corporation and Université Laval announced Friday: The Natural Sciences and Engineering Research Council (NSERC)/Intact Financial Corporation

News InsuranceTechnology

How weak insurance sector growth puts technology in the spotlight

January 17, 2019 by Jason Contant

Expected weak insurance sector growth in the near-term is fueling the need for efficiency gains through technology and innovation, Ernst & Young Canada said recently. The EY Insurance Outlook 2019 reveals that insurance sector growth is expected to remain weak

News BrokersInsuranceProfessional DevelopmentTechnology

Do brokers receive enough tech training?

January 17, 2019 by Jason Contant

Are brokers in Canada properly trained to use new technology? “It seems there is an under-investment in the human resources component of new technology,” said Jeff McCann, CEO of Digital MGA Marketplace Ltd., a Vancouver-based company that helps brokers with

News BrokersInsuranceTechnology

“Mobile-first” insurtech may be coming to Canada

January 16, 2019 by Greg Meckbach

A 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.

News InsuranceMergers and AqcuisitionsTechnology

What buyers look for in a brokerage

January 16, 2019 by Greg Meckbach

Information 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

News BrokersTechnology

Why your brokerage needs an online presence

January 15, 2019 by Jason Contant

Brokerages 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.,

News Legislation / RegulationRiskTechnology

This province lacks ‘reasonable’ cyber security: privacy commissioner

January 15, 2019 Keith Doucette - THE CANADIAN PRESS

HALIFAX – 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

News InsuranceTechnology

Why future AI will involve less data

January 14, 2019 by Jason Contant

Machines 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

News InsuranceLegislation / RegulationTechnology

How this insurer detects distracted drivers

January 11, 2019 by Greg Meckbach

Canada’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

News InsuranceTechnology

Safety recall affects 1.7 million vehicles in North America

January 10, 2019 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – 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