Canadian Underwriter

Topic Technology

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News BrokersMergers and AqcuisitionsTechnology

Strong M&A activity driven by massive push for scale, digitization: PwC Canada

September 27, 2021 by Canadian Underwriter Staff

The race to achieve scale, connect digitally with customers and realize synergies are driving continued strong M&A activity in P&C insurance, a recent PricewaterhouseCoopers (PwC) Canada report suggests. Valuations remain at “historic highs” for insurance brokers and MGAs, bringing new

Businessman Standing At Edge Of Cliff
News ClaimsCommercialCyberEmerging RisksMGAsSupply ChainTechnology

Which cyber risks lurk on the horizon?

September 23, 2021 by Canadian Underwriter Staff

As brokers grapple with an evolving cyber insurance market, one managing general agent is looking ahead to help the industry keep pace. George Bozanin, managing partner and head of business development with Coalition Insurance Canada, told Canadian Underwriter the post-pandemic

News Claims TechnologyInsurersOperationsTechnology

How insurtech is making ‘significant inroads’

September 20, 2021 by Greg Meckbach

Canada has hundreds of new insurtech startups and some of them can help you give consumers the experience they have come to expect from other industries, speakers suggested during the 2021 A.M. Best Canada Insurance Market Briefing. “I think our

A Computer System Hacked Warning
News BrokersCyberMGAsTechnology

Understanding cyberattack techniques can improve your game

September 20, 2021 by Canadian Underwriter Staff

Knowing the most common cybersecurity attacks can help brokers better advise their clients on risk mitigation strategies, a Canadian cyber insurance provider has said. Selling cyber policies remains a concern for many brokers, who are struggling to keep up with

News ClaimsCommercialCyberEmerging RisksTechnology

Pandemic leading to ‘ticking time bomb’ for cybersecurity

September 17, 2021 by Jason Contant

Most IT teams believe that working from home has become a “ticking time bomb” that might lead to a corporate network breach, according to a recent survey from HP Inc. The HP Wolf Security Rebellions & Rejections report, released Sept.

News CyberEmerging RisksHRTechnology

Is your IT team compromising security for business continuity?

September 13, 2021 by Jason Contant

A vast majority (91%) of IT teams surveyed across Canada and other countries felt pressure to compromise security for business continuity, admitting that security took a backseat to business continuity during the pandemic, a new report from HP Inc. reveals.

News ClaimsInsurersPersonal AutoTechnology

Will electric vehicles increase the severity of motor vehicle injuries?

September 12, 2021 by Jason Contant

Occupants in electric vehicles (EVs) and hybrid models are less likely to be injured in a crash than people in similar gas-powered vehicles, according to a new report. Lithium-ion batteries is the primary power source for today’s EVs. This means

News Personal AutoSupply ChainTechnology

Canadian auto sales fall 11.4% in August due to shortages caused by chip issues

September 7, 2021 by The Canadian Press

TORONTO – Canadian auto sales continued to struggle last month, falling 11.4 per cent from the prior year, driven by vehicle shortages caused by semiconductor supply issues. According to estimates compiled by DesRosiers Automotive Consultants, Canadian light vehicle sales totalled

employee benefits
News BrokersCommercialOperationsTechnology

What is needed as more P&C brokerages move into employee benefits

September 3, 2021 by Jason Contant

With more and more property and casualty insurance brokerages moving into the employee benefits (EB) space, there is a need to have an integrated technology solution, tech vendor Applied Systems said recently. “We know our P&C customers are moving further

News BrokersCommercialEmerging RisksInsurersTechnology

What is your unique competitive advantage?

September 3, 2021 by Jason Contant

Canada’s P&C broker and insurer channels aren’t going anywhere, but their ranks will thin and success will be determined through successful technological partnerships, the CEO of an online commercial brokerage suggested. “If you don’t bring something uniquely valuable to the

News BrokersEducationTechnology

One brokerage’s take on what it means to be a digital broker

September 2, 2021 by Brooke Smith

Labour Day is just around the corner — and that means back to school. But Van Allen Insurance has completed its studies for the time being. All 13 members of the Listowel, Ont.-based brokerage’s team have completed the Digital Broker

insurtech
News BrokersEmerging RisksTechnology

Insurtechs: Disruptors or partners?

September 2, 2021 by Jason Contant

Insurtechs are playing a game of collaboration and not combativeness within the insurance industry, the chief executive officer of an online commercial insurance brokerage said recently. “If you look at every insurtech, we pretty much always have to partner with