Canadian Underwriter

Topic
Technology


News InsuranceMergers and AqcuisitionsTechnology

How “differentiated” technology will change M&A valuations

October 3, 2018 by Jason Contant

Buyers are increasingly targeting “differentiated” technology in merger and acquisition (M&A) deals, knowing they are going to be judged on the potential of what they can achieve with the technology they are purchasing. The value of an acquisition will increasingly

News Mergers and AqcuisitionsRiskTechnology

Managing your client’s M&A risk with A.I.

October 1, 2018 by Greg Meckbach

Mergers and acquisitions come with risks for buyers, and one law firm uses machine learning to help clients manage at least some of those risks. One risk to a buyer is when the target company has liabilities – such as

News InsuranceRiskTechnology

Could smart cities be held liable for driverless car crashes?

September 27, 2018 by Jason Contant

Fully autonomous vehicles that communicate with other vehicles and city infrastructure will create a brand new exposure for insurers and municipalities. Traditionally, when there is a pedestrian bodily injury claim from a vehicle accident, there is two parties – the

News InsuranceTechnology

A better way to transfer bad risks off the books

September 27, 2018 by Greg Meckbach

Law makers and regulators are stopping insurers from using technology that could actually help customers, speakers from two of Canada’s top three property and casualty carriers warn. Insurers have plenty of data that they could potentially use to rate auto,

News InsuranceTechnology

Analytics expert warns against ‘data hoarding’

September 26, 2018 by Greg Meckbach

Electronic data can be a powerful tool and is not expensive to store, but it’s only useful if you have a strategy behind it, speakers said during this week’s Insurance Analytics Canada Summit. “If you don’t have a data strategy,

News CatastrophesTechnology

Must-have for insurers to underwrite overland flood

September 26, 2018 by Greg Meckbach

Artificial intelligence and data analytics is one reason some Canadian insurers are underwriting residential flood coverage, speakers said Tuesday during an industry conference. “Here is an opportunity that we took to really look at the massive data sets we worked

News RiskTechnology

How cyber risk managers can detect something that does not look right

September 25, 2018 by Greg Meckbach

Machine learning – which some brokers use to make chatbots – can also help companies improve cyber risk by flagging abnormal activity. Machine learning is a type of artificial intelligence, which mimics human cognition and activities, such as identifying patterns.

News InsuranceTechnology

Canadian firms fall behind in adoption of artificial intelligence: Forbes

September 25, 2018 The Canadian Press

MONTREAL – A new report says artificial intelligence deployment has not yet been a “real success” for Canadian companies, in spite of the country’s reputation as an AI hotbed. The study from Forbes Insights ranks Canada last out of 10

News InsuranceReinsuranceTechnology

How blockchain can help fight insurance fraud

September 24, 2018 by Jason Contant

Blockchain for insurance has various oft-touted benefits – reduced costs and simpler and faster transactions, among them – but it can also be used to combat fraud, said David Verbeeten, a domain expert in insurance at software company ConsenSys. Verbeeten

News BrokersLegislation / RegulationTechnology

Why cyber can be a hard sell for brokers

September 24, 2018 by Greg Meckbach

Data breaches are all over the news, but convincing some corporate clients to spend in the neighbourhood of $1,000 a year for insurance coverage can be an uphill battle. Some cyber insurance products cost around $100 a year, but those

News InsuranceRiskTechnology

Is technology creating an ‘underwriter in a box’?

September 22, 2018 by Jason Contant

We often hear how the property and casualty insurance industry is slow to adopt technology, but is it possible the industry is actually becoming overly reliant on technology? Yes, said Neil Mitchell, CEO of Player’s Health Cover and former managing

News BrokersInsuranceTechnology

How artificial intelligence can help brokers close sales

September 20, 2018 by Greg Meckbach

Artificial intelligence could help a brokerage figure out how likely a prospective client is to actually buy insurance. At least that’s what officials with Surex Direct are hoping. Magreth, Alta.-based Surex Direct places home, auto and commercial lines and says