Keyword
data analytics
Key components of a successful talent-acquisition strategy
September 15, 2022 by Jason ContantCanadian P&C companies should use data analytics for their talent acquisition (TA) strategies just as they do in other parts of the business, a speaker told Wednesday’s Reuters Events’ Future of Insurance Canada 2022 conference. “The traditional recruitment model is……
Digital growth demands new broker skill and training
November 15, 2021 Jeff BucksteinThe ongoing digital revolution, accelerated by the COVID-19 pandemic, will continue to have a major impact on the way brokers provide services. Canadian Underwriter’s Trusted Advisor 2021 survey found 80% of business clients and 73% of personal clients said online…
Brokers urged to help their commercial clients using these traditional, proven risk assessment tools
February 4, 2020 by David GambrillIn addition to using modern data analytics, commercial brokers can use traditional, proven risk assessment tools to help business clients understand and cope with price increases in today’s hard market, says a veteran of three hard markets. Inspections have been…
Why Ozzy Osbourne is a factor for actuaries to consider
December 10, 2018 by Greg MeckbachProperly segmenting data within an “ocean” of information can make the difference between champ and chump, speakers suggested at KPMG’s recent insurance conference. “I think the biggest change that most people are grappling with is the amount of data that…
Must-have for insurers to underwrite overland flood
September 26, 2018 by Greg MeckbachArtificial intelligence and data analytics is one reason some Canadian insurers are underwriting residential flood coverage, speakers said Tuesday during an industry conference. “Here is an opportunity that we took to really look at the massive data sets we worked…
Data Converging
September 21, 2017 Jason Contant, Online Editor; and Greg Meckbach, Associate EditorTrue, it is all about data these days. That said, determining how best to employ the ever-growing store of internal and external data is necessary to gain forward-looking insights. For Canada’s property and casualty insurance market, knowing what to do with data to meet customer needs and demands will likely prove the end-game.
Insurance industry ‘struggling to be more agile:’ analytics summit speaker
July 7, 2017 Greg Meckbach, Associate EditorInsurance providers need to use technology to improve their customers’ experience, but sometimes regulation gets in the way, speakers suggested at a recent conference. The insurance industry is “struggling to speed up the process of being more agile,” said Paul…
Brokers taking the initiative to embrace digital transformation: Insurance Analytics Canada speaker
July 4, 2017 Jason Contant, Online EditorMany brokers are taking the bull by the horns and embracing digital transformation, with or without the help of insurers, a speaker suggested last week at the Insurance Analytics Canada Summit in downtown Toronto. Greg McCutcheon, president of Markham, Ont.-based…
No need for ‘massive upfront investment’ to get data analytics to work: Insurance Analytics summit speaker
June 29, 2017 Greg Meckbach, Associate EditorInsurance professionals who are implementing data analytics need to focus on what they want to achieve and need to deliver value quickly to senior business leaders, a Travelers Canada executive suggested Thursday at the Insurance Analytics Canada Summit. “The focus…
Data analysis may start to focus more on modelling the process than the data itself, CIFF speakers suggest
May 29, 2017 Jason Contant, Online EditorData analysis may start to focus more on modelling the process than the data itself, speakers suggested last week at the Canadian Insurance Financial Forum (CIFF). Although modelling began decades ago to model the process of financial catastrophes, there is…
Facebook a ‘critical part’ of financial service providers’ marketing strategy: CSIO speaker
April 17, 2017 Greg Meckbach, Associate EditorInsurance providers need to consider mobile computing devices and targetting prospective customers at certain stages of their life, a Facebook Canada official recently told members of the Centre for Study of Insurance Operations. “Think mobile first,” said Robert Geller, a…
Canadian executives investing in tech skills training, but still struggle to keep up with technology change: PwC Canada
March 29, 2017 by Canadian UnderwriterPolled Canadian organizations are struggling to keep up with constant technology change despite executives viewing digital strategy, cyber security and data analytics as quite or highly important skills to their businesses, notes a new report issued Wednesday by PricewaterhouseCoopers (PwC)…