Keyword
AI
Now with AI, you can create value for your property inspections
March 26, 2018 by David GambrillArtificial intelligence can now surgically identify Canadian homes and businesses in an insurer’s book that are most in need of inspection, thereby eliminating unnecessary home inspection orders. “Sometimes the industry will pay to have an inspection done based on criteria…
At least two cool ways that AI can help insurance companies
February 28, 2018 by Jason ContantMachine learning could be used to underwrite faster, reduce fraud and assess vehicle damages more accurately, Lawrence Wong, Munich Re Canada’s director of application development, said Tuesday. Speaking at the 16th annual Insurance-Canada.ca Technology Conference in Toronto, Wong said that…
What customers will soon expect from insurance carriers
February 26, 2018 by Jason ContantInsurance customers are going to start expecting personalized products and services based on data, Andrew Lo, president and CEO of Kanetix Ltd., said during a webinar Thursday. “Our customers are going to expect smart personalization like, ‘Give me the products…
Artificial Intelligence, the latest cybersecurity threat
February 19, 2018 by Jason ContantArtificial intelligence (AI) could be a double-edged sword for Canada’s property and casualty insurance industry, offering several potentially positive outcomes, but at the same time a new cybersecurity threat. AI is consistently touted by the insurance industry for its potential…
Time has come for national big data strategy
February 5, 2018 Andy Blatchford - THE CANADIAN PRESSOTTAWA – Tech leaders are challenging the federal Liberal government to get serious about reaping the rewards of one of the next big frontiers in the information revolution: big data. Canadian CEOs and academics have been pushing Ottawa for months…
Calling all data scientists: Canada’s P&C industry wants you
November 28, 2017 David Gambrill, Editor-in-ChiefCanadian property and casualty (P&C) insurers seeking to advance their artificial intelligence (AI) capabilities will have a tough time recruiting data scientists to help them transform their data into genuine business insights, says a recruiter who works with the P&C…
New software could make it easier to “adopt and trust” AI systems that set insurance premiums
October 6, 2017 by Canadian UnderwriterNew software developed at the University of Waterloo (UWaterloo) in Ontario could make it easier to adopt and trust powerful artificial intelligence (AI) systems that set insurance premiums, generate stock market predictions and assess who qualifies for mortgages, the university…
XL Catlin partners with AI start-up Cytora
October 4, 2017 by Canadian UnderwriterXL Catlin’s internal innovation team Accelerate announced that it is working with Cytora, a United Kingdom-based insurtech start-up that uses artificial intelligence (AI) and open source data to improve the way insurers quantify, select and price risk. A joint press…
New software can detect when people text and drive: University of Waterloo
September 11, 2017 by Canadian UnderwriterComputer algorithms developed by engineering researchers at the University of Waterloo (UoW) in Ontario can accurately determine when drivers are texting or engaged in other distracting activities, the university reported on Friday. The system uses cameras and artificial intelligence (AI)…
Data the engine for innovation to improve business, serve customers, speaker suggests
August 30, 2017 by Angela StelmakowichOrganizations can be the driving force behind innovation that transforms their operations and helps them better serve customers, but those advances will increasingly rely on having a store of good data available, it was suggested Tuesday during the 5th Annual…
AI, “transparently immersive experiences” and digital platforms three megatrends that will allow businesses to survive digitally: Gartner
August 15, 2017 by Canadian UnderwriterArtificial intelligence (AI) everywhere, “transparently immersive experiences” and digital platforms are the three distinct megatrends that will enable businesses to survive and thrive in the digital economy over the next five to 10 years, Gartner, Inc. has reported. The Stamford,…
Global software company Symbility Solutions partners with Toronto’s DeepLearni.ng to bring AI to property insurance
August 2, 2017 by Canadian UnderwriterGlobal software company Symbility Solutions Inc. announced on Wednesday that it has entered into a new partnership with Toronto-based DeepLearni.ng to bring artificial intelligence (AI) solutions into property insurance. Symbility said in a press release that “by closely collaborating with…