Canadian Underwriter

Topic
Technology


News Legislation / RegulationTechnology

Why you need to consider open banking

December 11, 2019 by Greg Meckbach

As open banking makes it easier for other players to access your clients’ financial data, now is the time for insurance professionals start thinking about how they can take advantage of this new model, an actuary advises. “A number of

News BrokersCommercial LinesProfessional DevelopmentTechnology

How Marsh sees the broker role evolving around cyber insurance

December 11, 2019 by Jason Contant

Brokers are finding they have to educate themselves more on the legal and technical side of cyber rather than on the cyber insurance policy itself, a speaker said recently at Insurance Bureau of Canada’s Commercial Insurance Symposium. “What we’ve noticed

News BrokersMergers and AqcuisitionsTechnology

Three reasons fintech is driving brokerage acquisitions

December 11, 2019 by Greg Meckbach

Disruption by fintechs will be one driving force behind mergers and acquisitions among insurance brokerages, industry executives say.“I think fintech will help perpetuate this continued consolidation trend because I think at the small end of the market, fintech is viewed

News BrokersInsuranceTechnology

‘Bring it on,’ Intact CEO tells industry disruptors

December 10, 2019 by Greg Meckbach

Canada’s largest property and casualty insurer plans to be ready for companies from outside the industry who could disrupt the brokerage side of personal lines insurance. “On the distribution side of things, I think one needs to expect that players

Feature LegalTechnology

Do you know where your data is going?

December 9, 2019 Roisein Hutchinson, Senior Associate, Walker Sorensen LLP

So, you want to work with insurtechs. A guide to how your contracts should handle the sharing of private consumer information between you….

Feature ClaimsClaims CanadaTechnology

Putting smart cars to the test

December 8, 2019 Tom Flynn and Mike Yang, MEA Forensic Engineers & Scientists

Driver-assistance technologies are designed to help motorists, but how do they assist auto liability insurers?

Feature Technology

Deception Detection

December 6, 2019 Dan McKenzie, Principal Solution Architect, Financial Crimes, SAS

Technology should enhance your anti-fraud strategy, not replace it. Here’s why…

News BrokersConstructionInsuranceRiskTechnology

Why brokers need to change cyber talking points for each client

December 6, 2019 by Jason Contant

Brokers need to focus their cyber insurance selling efforts on more than just traditional privacy risks and tailor them to specific industries, a specialist insurer said Wednesday. “Cyber is about way more than just privacy and if you explain to

News RiskTechnology

Growth in data breaches shows need for government regulations

December 5, 2019 Michael Parent, Professor of Management Information Systems, Simon Fraser University - THE CANADIAN PRESS

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Michael Parent, Professor of Management Information Systems, Simon Fraser University

News InsuranceRiskTechnology

Brokers tackle distracted driving with social media campaign

December 4, 2019 by Jason Contant

Insurance Brokers Association of Canada (IBAC) and Canada Safety Council (CSC) have teamed up for a new social media-led campaign timed to coincide with Distracted Driving Week, which runs until Dec. 7. The campaign focuses on two key distracted driving

News InsuranceTechnology

Why solvency regulator is concerned about ‘black box’ underwriting

December 4, 2019 by Greg Meckbach

Concerned about whether “black box” underwriting methods based on artificial intelligence are good for your clients? So is Canada’s federal insurance regulator. “We get a lot of questions around AI and what are we to do about it,” said Neville

News BrokersInsuranceMergers and AqcuisitionsTechnology

Applied Systems to acquire Indio Technologies

December 4, 2019 by Jason Contant

Applied Systems announced Wednesday it has entered into a definitive agreement to acquire Indio Technologies, a software company that digitizes the insurance application and renewal process. The announcement comes less than two months after Applied acquired Policy Works, a major