Canadian Underwriter

Keyword
innovation

News Insurance

You don’t always have to be first in innovation

May 29, 2019 by Adam Malik

If you ain’t first, you’re last. That’s the mantra Ricky Bobby lives by in the movie Talladega Nights as a race car driver. But when it comes to innovation, if you ain’t first, you’re probably better off. It can be

News InsuranceTechnology

Steps to scale innovation at your company

March 8, 2019 by Jason Contant

Scaling innovation across a business can be a challenge, as most organizations start innovation in a “pocket, team or lab,” a speaker said late last month at the Insurance-Canada.ca Technology Conference. Simon Chan, head of corporate innovation thought leadership at

News InsuranceTechnology

Wawanesa’s plan to innovate at scale

March 7, 2019 by Jason Contant

Having a flexible and accommodating schedule is key to incorporating innovation into an organization, the director of Wawanesa Mutual Insurance Company’s Innovation Outpost said recently. Last June, Wawanesa opened its Innovation Outpost lab in Kitchener, Ont. One of the first

News InsuranceRiskTechnology

Innovation, yes. But don’t forget to manage the risks.

August 10, 2018 by Jason Contant

While Canadian organizations are investing in emerging technologies and innovation, few of them are managing the associated risks, a report from PwC Canada suggests. Jennifer Johnson, a partner and national financial services leader with PwC Canada, says that when she

News BrokersInsuranceTechnology

How blockchain will help brokers bypass traditional insurers

July 12, 2018 by David Gambrill

Vancouver-based Fineqia International Inc. has taken an equity allocation in Black Insurance, a Tallinn, Estonia-based digital insurance startup on the blockchain that has set its sights on creating a direct investor-to-broker relationship, bypassing the need for a traditional insurance company.

News Insurance

Building an innovative culture? Here are two pitfalls to avoid…

June 29, 2018 by David Gambrill

Companies often make two common blunders when they seek to disrupt themselves. First, some talk about hiring a bunch of “intrapreneurs” – creative geniuses who break all the rules and swim against the corporate tide – and then silo them

Feature Technology

Steering change

May 17, 2018 Kris Hackney, Executive Vice President, Customer Experience, Applied Systems

Leading innovation in your brokerage? Here are 6 steps for successfully directing change in your organization without making waves.

Feature Technology

Tech Report: Is 2018 the Year of the Broker?

May 7, 2018 Eric Fenton, Head of Insurance, EPAM

Canadian insurers have emphasized work on their front-end systems to provide a direct-to-consumer experience. Now that carriers are working on their legacy systems to better integrate with brokers, will a direct broker-to-consumer experience be far behind?

News ClaimsInsuranceTechnology

Insurer exploration of artificial intelligence accelerating: InsurTechTO speaker

November 7, 2017 by Angela Stelmakowich

It is still “early days” for most insurers in Canada when it comes to employing artificial intelligence (AI), but exploration and use of the techniques is accelerating very quickly, Greg McCutcheon suggested Monday during InsurTechTO in downtown Toronto. “I would

News InsuranceMarkets / CoveragesTechnology

Insurtech triggering transformation in personal lines: SMA

October 4, 2017 by Canadian Underwriter

New research out of the United States assessing 600 start-ups identified as relevant for personal lines insurers indicates these new players may fail, but they are having a tangible impact on the p&c insurance industry and how it delivers services,

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Insurers have ‘hidden behind’ regulators: Executive Forum speaker

August 30, 2017 Greg Meckbach, Associate Editor

Technological innovation is not among the goals of some government regulators overseeing insurance markets, but some can be persuaded to allow innovation if a determined insurance provider presents “a good case study,” speakers suggested Tuesday at the Insurance-Canada.ca Executive Forum. “We as insurers have hidden behind the regulators for a long time and have said, ‘Gosh, I would love to do that but I won’t be allowed to,” said David Crozier, president and chief executive officer of Everest Insurance Company of Canada. “We…

News InsuranceTechnology

Data the engine for innovation to improve business, serve customers, speaker suggests

August 30, 2017 by Angela Stelmakowich

Organizations can be the driving force behind innovation that transforms their operations and helps them better serve customers, but those advances will increasingly rely on having a store of good data available, it was suggested Tuesday during the 5th Annual