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Comparing insurance contracts? How AI can help expedite the process

March 5, 2018 by Jason Contant

Global 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

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Symcor announces strategic relationship with Majesco to deliver a cloud-based solution to Canadian insurers

September 7, 2016 by Canadian Underwriter

Symcor Inc., a Canadian provider of business processing and client communications management systems, announced on Wednesday a strategic relationship with Majesco, a global provider of core insurance software, consulting and services for insurance business transformation. The strategic relationship adds Majesco’s

News InsuranceMergers and AqcuisitionsTechnology

Allowing both telematics program discounts, surcharges could secure a solid future for telematics in Canada: speaker

April 30, 2016 Angela Stelmakowich, Editor

Allowing both discounts and surcharges for all telematics programs are among the changes that could help ensure telematics has a bright future in Canada, Donald Light, director of Celent’s North America property casualty practice, suggested Thursday at Insurance Telematics Canada

News InsuranceMarkets / CoveragesTechnology

Global IT spending in insurance to grow to US$184.9 billion in 2016: Celent

April 28, 2016 by Canadian Underwriter

Global IT spending in insurance will grow to US$184.9 billion this year, according to a report released on Thursday by Celent, a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. The report, titled