Keyword
artificial intelligence
Humans required to train AI to assess images for damage losses
August 22, 2018 by Greg MeckbachClaims adjusters could soon have part of their work replaced by software that looks at photos and decides whether property is damaged, but there is still a need for humans in the process, one researcher predicts. When properties are damaged…
How drone technology is transforming roofing claims
July 19, 2018 by Jason ContantWith the increasing number of catastrophes across the country, there is general consensus in the industry that resources are stretched thin. “The industry has a finite number of roofing companies, adjusters and estimators and to gear up to handle many…
Why fully automated cars are a lot further away than you think
July 8, 2018 by Jason ContantDon’t hold your breath waiting for the first fully autonomous car to hit the streets anytime soon. Car manufacturers have projected for years that we might have fully automated cars on the roads by 2018. But for all the hype that…
M&A-lite: a new way to transform the business
July 4, 2018 by Greg MeckbachImproving distribution and exploring sophisticated technologies such as artificial intelligence are among the major reasons why insurance CEOs are looking to make deals such as mergers and acquisitions these days. But some of these objectives can be accomplished through other,…
Get ready for the ‘internet of cows’: Farmers use technology to shake up agriculture
June 19, 2018 Ross Marowits - THE CANADIAN PRESSMONTREAL – Get ready for the “internet of cows.” Generations of farmers have relied on knowledge and family expertise to grow food, but the sector is set for a surge of disruption at the hands of made-in-Canada artificial intelligence-powered systems.…
How you can make artificial intelligence more than just a ‘sexy sound bite’
May 22, 2018 by Greg MeckbachArtificial intelligence may make for a wonderful sound bite, but insurance providers need to use this emerging technology to cut costs and serve customers better, two financial services executives warn. The financial services industry is “still at a stage where…
Insurers investing in AI can boost revenues by double digits: Accenture study
May 10, 2018 by Jason ContantInsurers that invest in artificial intelligence (AI) and human-machine collaboration at the same rate as “top-performing” businesses could, over the next five years, boost their revenues 17% and their employment 7% on average, according to new research by professional services…
Comparing insurance contracts? How AI can help expedite the process
March 5, 2018 by Jason ContantGlobal reinsurer Swiss Re is employing artificial intelligence (AI) to trace relationships between insurance contracts, all the way down to a single clause, allowing underwriters to process a submission much faster. Mike Fitzgerald, senior insurance analyst with financial consulting firm…
Insurer exploration of artificial intelligence accelerating: InsurTechTO speaker
November 7, 2017 by Angela StelmakowichIt is still “early days” for most insurers in Canada when it comes to employing artificial intelligence (AI), but exploration and use of the techniques is accelerating very quickly, Greg McCutcheon suggested Monday during InsurTechTO in downtown Toronto. “I would…
Mitchell International launches AI-enabled claim review solution for North American P&C industry
October 16, 2017 by Canadian UnderwriterMitchell International has announced the launch of an artificial intelligence-enabled claim review solution for the North American P&C industry. San Diego-based Mitchell International, a provider of technology, connectivity and information solutions to the P&C claims and collision repair industries, launched…
Yellow Light, Green Light
October 6, 2017 Peter Vlaar, Associate Lawyer, McCague Borlack LLPWill autonomous vehicles change litigation? While the answer to that question is surely “yes,” a deeper dive is needed to fully grasp what related developments could mean for property and casualty insurance. Longer term, a simpler system overall for addressing liability in auto claims is anticipated.
Deep learning to help drive fraud predictions by 2019: Gartner
September 20, 2017 by Canadian UnderwriterDeep learning – a variation of machine learning (ML) – will be a “critical driver for best-in-class performance for demand, fraud and failure predictions” by 2019, research and advisory company Gartner, Inc. suggested on Wednesday. Deep learning represents the major…