Canadian Underwriter

Keyword
Data

News Insurance

P&C industry needs better data about distracted driving

January 28, 2021 by Adam Malik

There’s a fairly significant gap between what government agencies have to say about distracted driving and what data companies are able to capture, and that is playing a role in the ineffective portrayal and messaging around the seriousness of people

News Insurance

Smartphones are problems, but here’s how they can help reduce driving risk

January 22, 2021 by Adam Malik

This could be the year telematics driving data actually provides meaningful information — and change — to insurers and drivers alike, allowing risk to be underwritten more accurately, experts predict. To pull that off, smartphones will be a critical tool

News Insurance

RCMP commits to changes in how it collects, uses information about protesters

December 18, 2020 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – The RCMP has agreed to revamp its policies on the collection and use of information about protesters after a watchdog expressed fresh concerns, a notable shift from the police force’s position only months ago. RCMP Commissioner Brenda Lucki

News Insurance

Industry urged to get high-quality data into the hands of decision-makers

December 4, 2020 by Adam Malik

Getting consistent, high-quality scientific data into the hands of decision makers can protect people from the fallout of bad choices leading up to a catastrophe, such as what’s happened in Fort McMurray, Alta., a catastrophic data expert says. But it

News Insurance

5 must-haves for your brokerage data system

December 3, 2020 by Jason Contant

Being able to collect better data regarding sales and customer behaviour are obvious reasons to upgrade the data system at your brokerage, but there are other benefits, Vancouver-based P&C insurance consulting firm Smythe Advisory said in a blog published Tuesday.

News Insurance

Cyberattack targets Montreal health agency, forcing it to go offline

November 2, 2020 Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – A Montreal health agency has been forced off-line as authorities deal with a cyberattack. Quebec Health Minister Christian Dube said Thursday that specific attacks hit systems at the regional health agency covering west-central Montreal, which oversees the Jewish

News Professional DevelopmentRisk

Why culture is so important for data-driven companies

February 14, 2020 by Jason Contant

The biggest obstacles to creating data-based businesses aren’t technical, they’re cultural, said David Waller, a partner and head of data science and analytics for Oliver Wyman Labs. “It is simple enough to describe how to inject data into a decision-making

News BrokersLegislation / RegulationTechnology

Who do you trust?

February 1, 2020 by David Gambrill

An Ontario resident approached a direct writer for an auto insurance quote in March 2005. A new customer, the man gave the insurer his name, date of birth, vehicle information and property information. Upon receiving the quote, he took his

News Insurance

When data rules supreme, leadership fails: claims execs

January 28, 2020 by Adam Malik

Data is a tricky balancing act: You need it to make sound decisions, but if the numbers become the be-all and end-all, it can lead to some pretty questionable corporate behaviours and leadership decisions. “Data is dangerous without context,” Bryant

News Insurance

Data collection itself won’t turn you into Spotify – how using the data might

January 23, 2020 by David Gambrill

There will come a time when data-enabled learning, as featured in artificial intelligence, will become a “table stakes” component of P&C insurance products — but collecting mass amounts of consumer data won’t always give your company a competitive advantage. Who

Feature

Data to the rescue

January 2, 2020 David Gambrill, Editor in Chief

Witness to three hard markets, Greg McCutcheon, president of Opta Information Intelligence, tells how advanced analytics can predict the winners and losers in today’s hard market      

News BrokersInsuranceTechnology

Ignoring this could leave brokers on the outside looking in

December 16, 2019 by Adam Malik

Brokerages that want to get ahead don’t need to look any further than one important tool: Data. And to ignore it means not only falling behind but falling off the map entirely, one expert warns. To not just provide a