Canadian Underwriter

Keyword
InsurTech

News BrokersInsuranceTechnology

Managing insurtech temptation

September 30, 2019 by Adam Malik

It can be enticing to jump on board as soon as you hear about the latest and greatest doodad to help your business. But getting distracted by the promises of every insurtech option is something one broker tries to avoid.

News Insurance

Insurtechs ‘hitting this wall called regulation’

September 16, 2019 by Greg Meckbach

Despite the hoopla over insurtech, the Amazon model of commerce is not about to replace the broker any time soon, analysts with A.M. Best Company Inc. told Canadian insurance professionals. “A lot of what these insurtech companies are getting to

News InsuranceTechnology

When “failing fast” works, and when it doesn’t: Insurtech CEO

September 4, 2019 by Jason Contant

Failing fast on small projects and establishing a feedback loop is a critical part of the innovation journey, according to one insurtech. “You have to be able to ask your customers what’s going on – what do you like, what

News InsuranceTechnology

Brokers, why build tech on your own when you can partner with an insurtech?

August 30, 2019 by Greg Meckbach

Brokers looking to up their game in digital innovation should scan the market for potential technology partners, Symposium West attendees were told last week. “Who can you partner with – in an adjacent industry or a solution provider – that

News InsuranceTechnology

Watch out for these ‘nefarious’ ways of eating brokers’ lunch

August 28, 2019 by Greg Meckbach

Brokers could be in for a nasty surprise if the concept of bundling auto insurance with vehicle lease or purchases catches on in Canada, a Symposium West speaker warned last week. An auto manufacturer is “not a traditional competitor” in

News InsuranceTechnology

Insurtech platform bridges gaps in agricultural insurance

July 24, 2019 by Jason Contant

A Winnipeg-based provider of scalable digital solutions for the agricultural industry has launched what it calls the industry’s first insurtech platform combining field-level data, remote sensing, artificial intelligence-driven models and secure automation technology. The platform creates a “new digital connection

News Insurance

Two problems insurtech could solve for existing players

July 9, 2019 by Greg Meckbach

Attracting talent and putting legacy data to good use are two of the ways insurtech can help the industry, a claims professional says. Chris Hampshire, vice president of carrier practice at claims services provider Gallagher Bassett Services Inc., was asked

News InsuranceLegislation / Regulation

Balancing insurance innovation and regulation

May 24, 2019 by Adam Malik

Consumers are experiencing innovation when it comes to buying cars, clothes, music and more. So when it comes to insurance, they’re expecting the same types of experiences. But they’re not entirely getting it. Ontario consumers can buy car insurance online.

News InsuranceTechnology

What insurtechs can learn from hackathons

March 13, 2019 by Greg Meckbach

Editor’s Note: This article has been updated. A previous version incorrectly stated that duuo was launched at Slice Labs’ launch studio in Toronto. CU apologizes for the error. If you want to develop a new digital insurance product, it shouldn’t

Feature

Making peace with insurtechs

February 1, 2019 Greg Meckbach, Associate Editor

Once hyped as a potential dogfight, the anticipated competition between the insurance industry
and insurtechs has turned out to be a
cozy affair. How did that happen?

News BrokersInsuranceTechnology

“Mobile-first” insurtech may be coming to Canada

January 16, 2019 by Greg Meckbach

A San Francisco-based firm calling itself a “mobile-first” property and casualty insurance brokerage might start placing home and auto coverage in Canada. Canadian Underwriter asked Karn Saroya, CEO of Cover Financial Inc., whether his insurtech plans to expand into Canada.

News InsuranceTechnology

How ‘exponential era technologies’ bedevil insurers

December 13, 2018 by Greg Meckbach

How you deal with the always-connected consumer will determine whether an insurtech will eat your lunch, speakers suggested at KPMG Canada’s annual insurance conference. “Digital is oxygen these days. If you are not digitizing your products and your service, you