Canadian Underwriter

Keyword
AI

News InsuranceTechnology

One way of predicting whether a computer will take your job

June 15, 2018 by Greg Meckbach

Despite a general consensus that many insurance tasks traditionally performed by humans will soon be done by computers, software still lacks some key human attributes, speakers said Wednesday at an industry panel. “If you are good at following and memorizing

News InsuranceMarkets / Coverages

Is investing in AI worth it for Canadian insurance carriers?

June 12, 2018 by Jason Contant

While the vast majority (94%) of Canadian insurance professionals surveyed believe that artificial intelligence (AI) will transform the insurance industry, the jury is still out on whether carriers are receiving a return on investment from analytics yet. Insurance Nexus released

News InsuranceTechnology

Patience urged of insurers who don’t see value in their early AI investments

June 5, 2018 by Jason Contant

Despite all the hype about artificial intelligence (AI), and the significant investment in it, most global insurers don’t think they are getting value from their investment. In fact, 85 per cent of more than 1,000 global executives polled by McKinsey

News BrokersInsuranceMarkets / CoveragesTechnology

Here’s a way small brokerages can afford AI

June 4, 2018 by Jason Contant

Budget may not be a big concern for larger companies looking to incorporate artificial intelligence (AI) into their operations, but is AI cost-prohibitive for small, local brokerages? “I don’t think you need a massive budget to do some of this

News InsuranceTechnology

How AI can help you find the hot sales leads

May 30, 2018 by Jason Contant

Looking for a hot lead? Why not let a machine do that for you? Brokers and insurance companies can use artificial intelligence (AI) to cull prospects who are showing a keen interest in buying insurance products, Andrew Lo, president and

News InsuranceMarkets / CoveragesTechnology

Now with AI, you can create value for your property inspections

March 26, 2018 by David Gambrill

Artificial 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

News InsuranceTechnology

At least two cool ways that AI can help insurance companies

February 28, 2018 by Jason Contant

Machine 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

News InsuranceMarkets / CoveragesTechnology

What customers will soon expect from insurance carriers

February 26, 2018 by Jason Contant

Insurance 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

News InsuranceMarkets / CoveragesTechnology

Artificial Intelligence, the latest cybersecurity threat

February 19, 2018 by Jason Contant

Artificial 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

News Markets / CoveragesTechnology

Time has come for national big data strategy

February 5, 2018 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – 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

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Calling all data scientists: Canada’s P&C industry wants you

November 28, 2017 David Gambrill, Editor-in-Chief

Canadian 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

News InsuranceMarkets / CoveragesTechnology

New software could make it easier to “adopt and trust” AI systems that set insurance premiums

October 6, 2017 by Canadian Underwriter

New 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