Topic
Technology
Three ways to improve document management
November 9, 2018 by Greg MeckbachBrokers moving towards a paperless office should watch how much time their staff spend scanning documents. “There is a big difference between scanning for personal use and scanning for business,” said Steve Oblin, senior marketing manager for Fujitsu Canada Inc.’s…
How Canadian insurers should price for their ‘silent cyber’ exposures
November 8, 2018 by David GambrillThe possibility exists of a global, widescale, multi-country cyber security breach. To get a true sense of their overall exposure, Canadian property and casualty insurers should be reviewing all of the policies they sell – not just dedicated cyber policies,…
Why cyber criminals may be targetting this Canadian bank
November 8, 2018 Armina Ligaya - THE CANADIAN PRESSTORONTO – The Canadian Imperial Bank of Commerce is one of the most commonly targeted brands used by cyberthieves in phishing attacks across North America, with a more than 600 per cent surge in fake email attempts in the third…
The ‘big area of inefficiency’ for brokers
November 8, 2018 by Greg MeckbachThe holy grail for brokers, of having their computers talk directly to carriers’ computers, is “going to happen,” an InsurTechTO speaker suggested Wednesday. “The big area of inefficiency is still duplicate entry,” Michael Loeters, senior vice president of commercial insurance…
Insurance without the carrier coming soon
November 7, 2018 by Greg MeckbachA blockchain-based business insurance model that could see non-regulated investors as the capital providers is coming sooner that you think, although it may not necessarily arrive in Canada in the short term, predicts an executive who has led two major…
Successful test of real-time data exchange on first notice of loss
November 7, 2018 by David GambrillCommercial brokerages and carriers have confirmed in a test case scenario that they can successfully exchange claims data from a first notice of loss (FNOL) form electronically, beginning and ending in the broker management system (BMS). In the Toronto Insurance…
Changing the Channel
November 6, 2018 by Canadian UnderwriterThe property and casualty insurance industry is like a cable TV network: you can choose from among a variety of channels – broker, direct, multi-channel and omni-channel. Desjardins’ Denis Dubois explains what they all mean, and tells CU how distribution channels may evolve in the future.
Two-day hackathon seeks tech solutions to distracted driving, pedestrian safety
November 2, 2018 by Jason ContantDeveloping technology-based solutions to tackle distracted driving, pedestrian safety and house-to-house communication are the goals of an upcoming hackathon hosted by Canada’s second largest insurer and a technology start-up accelerator. Aviva Canada and OneEleven will host the Safer Neighbourhoods Hackathon…
New app centralizes and digitizes the entire insurance lifecycle
November 1, 2018 by Jason ContantAn artificial intelligence company based in Montreal has launched an application to centralize and digitize the entire insurance lifecycle. Koïos Intelligence, which develops AI tools designed specifically for the finance and insurance industries, unveiled Olivo at the Fintech Forum at…
Think your password has been stolen? Think again.
October 30, 2018 by Jason ContantBrokers would be well-advised to tell their clients to keep a cool head if they are contacted by email from someone claiming to have stolen their password. The latest online scam by cybercriminals uses stolen passwords from data breaches years…
Man sues Tesla over crash during autopilot mode
October 30, 2018 Mike Schneider - THE ASSOCIATED PRESSORLANDO, Fla. – A Florida man says the autopilot feature of his Tesla vehicle failed to detect a disabled car on a highway, leading to a collision that left him with permanent injuries, according to a negligence lawsuit filed Tuesday.…
Why many early chatbots failed
October 29, 2018 by Jason ContantEarly adopters of chatbot technology, most of which are now closed or dismantled, often did not realize the extent to which you need to train the system, Accenture said last week. “There was this… false sense that the machines would…