Canadian Underwriter

Keyword
fintech


Feature Insurance

Risk and Disruption

January 2, 2017 Angela Stelmakowich, Editor; and Jason Contant, Online Editor

The threat of extortion-driven cyber attacks is “a massive issue now” for insurance companies, while insurers’ own risk and solvency assessments have been “quite well done,” speakers told attendees of KPMG’s recent insurance issues conference.

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Insurtech platform revenues to approach US$235 billion by 2021, driven by machine learning and blockchain adoption: report

December 13, 2016 by Canadian Underwriter

Fintech platform revenues derived from supporting the insurance industry will reach almost US$235 billion globally by 2021, up 34% year-over-year from an estimated US$175 billion this year, according to new findings from Basingstoke, England-based Juniper Research. The research company said

News CatastrophesClimate ChangeInsuranceTechnology

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 InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Capgemini launches global fintech initiative

November 17, 2016 by Canadian Underwriter

Capgemini has announced that it is launching a global fintech initiative “to fast track fintech engagements with its global financial services clients.” Capgemini – a provider of consulting, technology and outsourcing services – announced the initiative on Wednesday, saying in

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Ontario Securities Commission and Australian financial regulator sign fintech agreement

November 4, 2016 by Canadian Underwriter

The Ontario Securities Commission (OSC) and the Australian Securities and Investments Commission (ASIC) have signed a new agreement under which fintech companies in Australia and Ontario “will be able to draw on support from the combined resources of their financial

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsTechnology

Canada fourth largest cyber security hub in world, Ontario has potential to assume leading role

October 19, 2016 by Canadian Underwriter

More investment and co-ordination is needed if Ontario – which offers strengths in financial services and technology – is to realize its potential to assume a more dominant leadership role in cyber security, notes a new report issued Thursday. Commissioned

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Quebec’s financial services regulator creates fintech working group

June 16, 2016 by Canadian Underwriter

The Autorité des marchés financiers (AMF), Quebec’s financial services regulator, has announced the creation of a financial technology (fintech) working group whose primary mandate is to analyze technological innovations in the sector and anticipate regulatory and consumer protection issues. “The

News Mergers and AqcuisitionsTechnology

Disruption in financial services demands executives are able to identify imminent threats, opportunities

June 7, 2016 by Canadian Underwriter

Chief information officers (CIOs) and other executives in financial services must be able to identify the imminent threats and opportunities that will be affecting their operating model, human capital approach, ability to innovate and ability to execute, notes a new

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

No ‘plague’ of data breaches and solvency issues, fintech industry CEOs say

April 6, 2016 Alexandra Posadzki - THE CANADIAN PRESS

TORONTO – There is no “plague” of data breaches and solvency issues affecting financial technology upstarts, contrary to what TD Bank’s CEO says, the heads of several companies in the so-called fintech sector said Monday. The industry insiders were responding