Lower costs and higher efficiencies can be realized through adoption of smart contracts, with potential annual savings in the personal motor insurance industry alone amounting to US$21 billion globally thanks to automation and reduced processing overheads in claims handling, Capgemini…
Almost three-quarters of consumers taking part in a Bain & Company Inc. survey say they would value a platform for providing services well beyond insurance coverage, opening the door for insurers to transform themselves from just sellers into solutions providers.…
The lion’s share of surveyed IT decision-makers at large multinational corporations may be aware that employees are being employed to gain access to information, but about half of respondents do not have a cyber security strategy to prevent such behaviour.…
Economical Insurance’s new direct channel – part of an updated corporate strategy to position the company as among the top property and casualty insurers in the country – went live Monday morning. Economical Insurance has activated multi-channel distribution with the…
Digital Edition below ↓ Cover Story – ‘Channel Surfing’ The look of property and casualty insurance in Canada, as elsewhere, is undergoing a makeover. Once-defined channels are being transformed. To some customers, where they get insurance is not as important as…
The Centre for Study of Insurance Operations (CSIO) is pleased to announce that Peace Hills Insurance has implemented CSIO eDelivery, enabling the electronic transmission of personal lines policy documents directly to consumers’ Canada Post epost® digital mailboxes in place of traditional…
Digital Edition below ↓ Cover Story – ‘Aggregation Aggravation’ While risk managers for large manufacturers tend to be aware of the vulnerability of their supply chains to major incidents affecting business partners, the same cannot necessarily be said for risk professionals…
KANATA, Ont. – Driverless cars, trucks and buses are going to cause a major economic headache, and the federal government needs to be ready, say advocates for the country’s high tech and automotive sectors. But Ottawa also needs to tread…