Keyword
connectivity
What’s next for broker-insurer connectivity?
October 21, 2019 by Jason ContantNow 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……
Where Aviva Canada stands on broker connectivity
October 8, 2019 by Jason ContantHow 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…
D/X initiative breaks ground with real-time first notice of loss transaction
September 12, 2019 by Jason ContantBroker-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…
Why Canada is said to be ahead of U.S. on real-time data exchange
August 2, 2018 by Jason ContantWhen 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…
Industry close to consensus on insurer-broker connectivity
May 2, 2018 by Jason ContantThe 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…
16 carriers support broker study on API data connectivity
April 30, 2018 by David GambrillOntario 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…
2 key concerns for brokers in 2018
January 4, 2018 by Jason ContantMerger 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…
Brokers present ideas for innovative technologies at Aviva Canada’s BrokerTech Launchpad
June 1, 2017 by Canadian UnderwriterAviva 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…
Innovation-based disruption in personal lines insurance will drive new business models: Conning
May 31, 2017 by Canadian UnderwriterTechnology-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…
Criminal data breaches forecast to cost global business $8 trillion in next five years: Juniper
May 30, 2017 by Canadian UnderwriterHigher 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…
Toyota Research Institute exploring blockchain for possible use in autonomous driving technology
May 23, 2017 by Canadian UnderwriterThe 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…
Federal, Ontario governments invest in Ford Canada centre focusing on connectivity
March 30, 2017 by Canadian UnderwriterJustin 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…