Canadian Underwriter

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insuretech

A pedestrian passes a Silicon Valley Bank Private branch in San Francisco, Monday, March 13, 2023. Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures. Regulators closed the Silicon Valley Bank on Friday after depositors rushed to withdraw their funds all at once. (AP Photo/Jeff Chiu)
News AnnouncementsInsuranceMarkets / CoveragesRiskTechnology

Will U.S. bank collapse impact Canadian insurtech funding?

March 14, 2023 by Alyssa DiSabatino

Canadian insurtechs may not be entirely immune to the aftershocks of two U.S. bank failures, one expert told Canadian Underwriter.  Silicon Valley Bank (SVB) failed on Mar. 10 after its mostly tech-centric and tech start-up customer base, hit hard by

Three Amazon boxes stacked in front of a residential door.
News BrokersInsuranceMarkets / CoveragesTechnology

Brokers are more like Amazon than they think: IBAO Convention

October 24, 2022 by Alyssa DiSabatino

Much like Amazon, P&C insurance brokers offer consumers distribution, choice and data, a broker executive observed at the Insurance Brokers Association of Ontario (IBAO) convention in Toronto last Thursday.   In the same way, brokers offer insureds three things that

News AssociationsInsuranceMarkets / CoveragesTechnology

Customer choice must be key consideration in next wave of insurTech: expert

May 18, 2017 by Angela Stelmakowich

An insurer’s safest bet for survival as insurTech enters its second wave is to make customer choice a true focal point, providing customers access to answers and services when and how they want, Matteo Carbone, founder and director of the

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Emerging technologies still discussed more than deployed by U.S. insurers, but balance is shifting: Novarica

January 12, 2017 by Canadian Underwriter

While “hot” topic areas like social media, mobile, analytics, big data, cloud, digital and Internet of Things (IoT) are still discussed more than they are deployed in most cases in the insurance industry in the United States, the balance is

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 CatastrophesEarnings / RatingsInsuranceReinsurance

Munich Re posts profit of 684 million euros in third quarter

November 10, 2016 by Canadian Underwriter

Munich Re has posted a profit for 684 million euros in the third quarter of 2016 ending Sept. 30, up from 525 million euros in the same quarter last year. For the first nine months of the year ending Sept.