Keyword
InsurTech
What brokers should consider when looking at insurtech offerings
January 22, 2020 by Greg MeckbachBrokers looking for a relatively cheap way of upping their game online should check some of the hundreds of insurtechs on the market, but it’s important to know what those insurtechs do and do not provide. If you are a…
An MGA can land in “big trouble” if it fails to do this
January 17, 2020 by Greg MeckbachTechnology could make it easier to start up new managing general agents – which is good news for some and bad news for others, panelists suggested during a recent webinar. “If you [as an MGA] are sitting there thinking, ‘Oh…
How insurtech is bringing policyholders inside the black box of insurance
December 18, 2019 by Jason ContantInsurtech is beginning to bring policyholders inside the “black box” of insurance to understand how their decisions are influencing their own costs, said a new report on the macro themes redefining the industry. Insurtech has increased access to real-time data…
What these ‘non-traditional’ insurance products will look like
November 19, 2019 by Greg MeckbachAs an increasing number of your clients come from cohorts younger than Generation X, the availability of non-traditional insurance products is going to increase, an insurtech industry watcher suggests. “I think we are increasingly going to see the development of…
How much investors have sunk into insurtech
October 25, 2019 by Greg MeckbachInsurtechs like one Canadian startup in particular are letting brokers provide better service, but the sector as a whole contains some money pits for investors, Willis Towers Watson suggested in a report released Wednesday. “Unquestionably a good number of InsurTechs…
Managing insurtech temptation
September 30, 2019 by Adam MalikIt 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.…
Insurtechs ‘hitting this wall called regulation’
September 16, 2019 by Greg MeckbachDespite 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…
When “failing fast” works, and when it doesn’t: Insurtech CEO
September 4, 2019 by Jason ContantFailing 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…
Brokers, why build tech on your own when you can partner with an insurtech?
August 30, 2019 by Greg MeckbachBrokers 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…
Watch out for these ‘nefarious’ ways of eating brokers’ lunch
August 28, 2019 by Greg MeckbachBrokers 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…
Insurtech platform bridges gaps in agricultural insurance
July 24, 2019 by Jason ContantA 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…
Two problems insurtech could solve for existing players
July 9, 2019 by Greg MeckbachAttracting 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…