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Analytics single greatest disruptor to Canadian insurance industry: survey

April 4, 2017 by Canadian Underwriter

Analytics is the single greatest disruptor to the Canadian insurance industry today, according to 65% of executives polled for a recent survey by Insurance Nexus, a division of FC Business Intelligence. Insurance Nexus reported on Tuesday that it recently surveyed

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Speakers weigh in on contentious topic of insurers with “broker arm interrupters”

March 1, 2017 Jason Contant, Online Editor

If an insurer can offer brokers more products, assistance and their brand is recognized by clients, “there is some value there,” Jeff Roy, CEO of Excalibur Insurance Group, suggested on Wednesday at the Insurance-Canada.ca Broker Forum, held at the Allstream

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Nearly half of global insurers expect to acquire new technologies through M&A in the next three years: Willis Towers Watson survey

February 17, 2017 by Canadian Underwriter

Nearly three-quarters of global insurers (74%) believe that their sector has failed to show leadership in digital innovation, according to a new survey by Willis Towers Watson (WTW) released on Thursday. The report, titled New horizons: How diverse growth strategies

News AssociationsInsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Rule-making authority essential for Ontario’s new FSRA: Cooke

January 20, 2017 by Angela Stelmakowich

Equipping Ontario’s new Financial Services Regulatory Authority (FSRA) with rule-making authority is critically important to ensuring its effectiveness as an independent, flexible and consumer-focused regulator of financial services and pensions, argues George Cooke, chair of the Board of Directors of

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Insurance undergoing “a fundamental structural change”: KPMG speaker

December 8, 2016 by Angela Stelmakowich

The insurance industry is undergoing structural change with the emergence of platform-based business models and insurers need to ready themselves to be able to take part, Matthew Smith, insurance co-lead for the Global Strategy Group at KPMG, suggested during the

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

Continued consolidation in Canadian broker and carrier spaces could create absence of mid-sized players: KPMG conference speaker

December 7, 2016 Jason Contant, Online Editor

The continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an

News InsuranceMergers and AqcuisitionsTechnology

Use of comparison sites to buy auto, home insurance developing, but trailing in Canada and the U.S.: Finaccord

October 6, 2016 by Canadian Underwriter

The use of comparison sites to buy auto and home insurance is developing rapidly, but continues to trail in Canada and the United States relative to the United Kingdom and continental Europe, according to new consumer research from Finaccord. On

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Aviva Canada launches Pitch Day event; Aviva Ventures investing $180 million over five years in disruptive, high potential digital startups

June 20, 2016 by Canadian Underwriter

Aviva Canada announced on Monday that it will host its first-ever Pitch Day event in Toronto on Oct. 11. Aviva Canada said in a press release that Aviva Ventures is investing $180 million over the next five years in “disruptive,

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Global insurance industry saw significant increases in distribution, M&A in 2015, Conning says

March 29, 2016 by Canadian Underwriter

The global insurance industry saw significant increases in both insurance distribution and insurance services mergers and acquisitions in 2015, according to a new report. Global Insurance Distribution & Services Sector Mergers & Acquisitions: Building for the Future was released on