Keyword
InsurTech
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…
Balancing insurance innovation and regulation
May 24, 2019 by Adam MalikConsumers 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.…
What insurtechs can learn from hackathons
March 13, 2019 by Greg MeckbachEditor’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…
Making peace with insurtechs
February 1, 2019 Greg Meckbach, Associate EditorOnce 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?
“Mobile-first” insurtech may be coming to Canada
January 16, 2019 by Greg MeckbachA 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.…
How ‘exponential era technologies’ bedevil insurers
December 13, 2018 by Greg MeckbachHow 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…
What carriers want from this insurtech brokerage
November 27, 2018 by Greg MeckbachSome insurers are looking for brokers who can help them use big data to customize products for small businesses, an insurtech founder suggests. “Big data is a loose term,” Mark Morissette, founder and CEO of Foxquilt said Tuesday in an…