Canadian Underwriter

Keyword
digital

News InsuranceProductsTechnology

One way to minimize double entry of data

June 19, 2019 by Jason Contant

One question often on the minds of brokers is how do they better digitize their processes and minimize the amount of data they have to enter into various systems. “Our position is that data should be created in a digital

News BrokersInsuranceLegislation / RegulationTechnology

ICBC plants seed for online auto renewals

May 8, 2019 by Adam Malik

A day many British Columbia policyholders have been calling for finally appears to be on the horizon. But it may force some brokers to change how they do business. While hosting an AMA (ask me anything) session on popular social

News InsuranceTechnology

How ‘exponential era technologies’ bedevil insurers

December 13, 2018 by Greg Meckbach

How you deal with the always-connected consumer will determine whether an insurtech will eat your lunch, speakers suggested at KPMG Canada’s annual insurance conference. “Digital is oxygen these days. If you are not digitizing your products and your service, you

News InsuranceLegislation / Regulation

Outdated laws disallow insurers from offering digital insurance solutions: IBC

February 13, 2018 by Jason Contant

Ontario’s Insurance Act and its regulations prevent insurers from doing business and communicating with their customers through digital or mobile platforms, the Insurance Bureau of Canada (IBC) noted on Monday. Canadian Underwriter asked IBC about some of the red tape

News InsuranceTechnology

Your first step towards a digital brokerage lies in your BMS

January 19, 2018 by David Gambrill

How many brokers would be willing to change how their data is organized and housed if it meant a revenue increase of 144% per employee? The goal is actually within your reach, says Michael Howe, senior vice president of product

News InsuranceTechnology

Canada’s fintech adoption rate doubles in last 18 months: EY report

July 25, 2017 by Angela Stelmakowich

Customer wants, needs and demands are guiding players in Canada’s fintech space toward developing simpler, more transparent and customer-centric financial services products, with insurance expected to see a big increase in uptake in future, suggests new research released Tuesday by

News InsuranceMergers and AqcuisitionsTechnology

Platform provider revenues for sharing economy forecast to double in 2022: Juniper Research

July 24, 2017 by Canadian Underwriter

The move by established sectors to press their first-mover advantage looks poised to push growth in the sharing economy much higher over the next five years, reaching US$40.2 billion in 2022, notes a new research report released Monday by U.K.-based

News InsuranceTechnology

Shifting risk responsibilities to front line will help reduce vulnerabilities: PwC Canada

July 19, 2017 by Canadian Underwriter

Canadian businesses are more vulnerable to disruption than their global counterparts and need to make each line of service responsible for risk decisions, monitoring, oversight and assessment of vulnerabilities to bolster protection, suggest Canadian insights from a recent PwC report.

News Technology

Accepting failure can fuel success, drive advances for companies looking to reach digital maturity: global study

July 14, 2017 by Canadian Underwriter

Trying and accepting the possibility of failure has proved an effective way for organizations to clear the aversion-to-risk hurdle and advance toward digital maturity, notes a new study from MIT Sloan Management Review and Deloitte Digital. In all, 71% of

News InsuranceMergers and AqcuisitionsTechnology

Customers in driver’s seat, geared up for experimenting with insurance offerings: webinar

June 29, 2017 by Angela Stelmakowich

Customers want to be in the driver’s seat and, increasingly, that is something insurance providers should want as well, Ellen Carney, principal analyst for e-business and channel strategy at U.S.-based research and advisory firm Forrester, suggested during a Centre for

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 Technology

Hurdles to digital transformation remain, half of respondents have formal strategy: global survey

May 24, 2017 by Canadian Underwriter

Some things seem to persist, including how inflexible IT systems, organizational silos and security concerns continue to rear their heads as obstacles to global enterprises adopting formal strategies for digital transformation. So suggests the Enterprise Digital Transformation Strategies: Turning Disruption