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Keyword
connectivity

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What’s next for broker-insurer connectivity?

October 21, 2019 by Jason Contant

Now that the D/X Initiative has broken ground with the completion of a first notice of loss (FNOL) transaction in real-time, what’s next for broker-insurer connectivity? “There’s a perception in the industry, I think, that when we talk about connectivity…

News BrokersInsuranceTechnology

Where Aviva Canada stands on broker connectivity

October 8, 2019 by Jason Contant

How long will it be before brokers’ and insurers’ systems are able to connect efficiently? “This is still a two- to three-year journey for the industry to have really-slick, direct connectivity,” predicts Jason Storah, CEO of Aviva Canada. Storah spoke

News AssociationsBrokersInsuranceTechnology

D/X initiative breaks ground with real-time first notice of loss transaction

September 12, 2019 by Jason Contant

Broker-insurer connectivity took a step forward this week, when the Insurance Brokers Association of Canada (IBAC)’s data exchange working group announced it had completed a first notice of loss (FNOL) transaction in real-time. The working group developed the first FNOL

News BrokersTechnology

Why Canada is said to be ahead of U.S. on real-time data exchange

August 2, 2018 by Jason Contant

When it comes to real-time data exchange, the insurance industry in Canada seems to be more on the right path than south of the border, said the CEO and co-founder of an insurtech in the United States that recently incorporated

News AssociationsInsuranceTechnology

Industry close to consensus on insurer-broker connectivity

May 2, 2018 by Jason Contant

The insurance industry in Canada is getting close to consensus on connectivity between insurance brokers and carriers, an Applied Systems executive said Tuesday at the company’s Executive Symposium in downtown Toronto. “I truly believe that we are fairly close to

News InsuranceTechnology

16 carriers support broker study on API data connectivity

April 30, 2018 by David Gambrill

Ontario brokers have garnered the support of at least 16 insurance companies and “all key broker technology vendors” to participate in a study on data connectivity. The study includes discussion about an Application Programming Interface (API) tech model that would

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

2 key concerns for brokers in 2018

January 4, 2018 by Jason Contant

Merger activity and technology are two major issues facing brokers looking forward into 2018, says the new Insurance Brokers Association of Ontario (IBAO) president Brian Purcell. Purcell talked to Canadian Underwriter shortly after beginning his new role as IBAO president

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Brokers present ideas for innovative technologies at Aviva Canada’s BrokerTech Launchpad

June 1, 2017 by Canadian Underwriter

Aviva Canada announced on Wednesday that it has received its first presentation of ideas from its BrokerTech LaunchPad pilot program, “a program that gives insurance brokers the opportunity to present their ideas for technologies to disrupt, transform and lead the

News InsuranceMergers and AqcuisitionsProductsTechnology

Innovation-based disruption in personal lines insurance will drive new business models: Conning

May 31, 2017 by Canadian Underwriter

Technology-focused investments are pushing business model changes across industries, and insurance is not immune to these pressures, a new study by global investment management firm Conning suggested. Released on Wednesday, the study examines the changes that are underway in personal

News CatastrophesInsuranceTechnology

Criminal data breaches forecast to cost global business $8 trillion in next five years: Juniper

May 30, 2017 by Canadian Underwriter

Higher levels of Internet connectivity and inadequate enterprise-wide security are expected to pave the way for criminal data breaches costing businesses around the world about $8 trillion over the next five years, suggests U.K.-based Juniper Research. Research released Tuesday indicates

News InsuranceMarkets / CoveragesTechnology

Toyota Research Institute exploring blockchain for possible use in autonomous driving technology

May 23, 2017 by Canadian Underwriter

The Toyota Research Institute (TRI) announced on Monday that it is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of a “new mobility ecosystem that could accelerate development of autonomous driving technology.” TRI is collaborating with

News InsuranceMergers and AqcuisitionsTechnology

Federal, Ontario governments invest in Ford Canada centre focusing on connectivity

March 30, 2017 by Canadian Underwriter

Justin Trudeau has announced a joint federal and Ontario government investment in the Ford Motor Company of Canada, part of which will help establish a new research and engineering centre focusing on connectivity research and development. Prime Minister Justin Trudeau