Keyword
InsurTech
Market conditions continue to support high levels of insurance distribution and services M&A activity going forward: Conning
April 3, 2017 by Canadian UnderwriterWhile the mergers and acquisitions (M&A) market for insurance distribution and services “cooled slightly” in 2016 from the prior year, market conditions continue to support high levels of M&A activity going forward, according to a new study from Hartford, Conn.-based…
Brokered Advance
April 1, 2017 Jason Contant, Online Editor; and Angela Stelmakowich, EditorTechnology was the main item on the menu at the 2nd Annual Insurance-Canada.ca Broker Forum. As quickly as things are changing for brokers and their partners – driven, in large part, by customer wants and demands – is the breadth of options available for brokers to sample.
Artificial intelligence and Internet of Things accounted for nearly half of insurtech funding globally in 2016: Accenture
March 31, 2017 by Canadian UnderwriterArtificial intelligence (AI) and the Internet of Things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, according to new research from global professional services company Accenture. The research, which includes new analysis of…
Slower consumer spending, insurtech among factors weighing on Canadian insurance firms: Conference Board
March 6, 2017 by Canadian UnderwriterSlower consumer spending on big-ticket insurable items, as well as an aging population, will weigh on the outlook for Canadian insurance firms, according the Conference Board of Canada’s first outlook for the insurance industry. Canadian Industrial Outlook: Insurance – Winter…
Tech and talent crunch among six major forces shaping Canadian P&C insurance in 2017: EY
February 28, 2017 by Canadian UnderwriterA “potent combination” of technological change, talent pressure, customer expectations and cyber risks is forcing Canada’s property and casualty (P&C) insurers to embrace innovation more urgently than ever in 2017, according to a new report from EY. EY’s 2017 P&C…
Aviva Canada and DMZ launch Insurtech accelerator program, applications sought
February 28, 2017 by Canadian UnderwriterAviva Canada and the DMZ at Ryerson University are looking to answer the rise of Insuretech in the country’s insurance industry with the joint launch of an accelerator program for Canadian start-ups requiring rapid development. “The future of our economy…
Two out of three U.S. homeowners insurance customers would switch carriers to get discounts for using smart home devices, study finds
January 17, 2017 by Canadian UnderwriterTwo out of three homeowners insurance customers in the United States would be willing to change insurance companies to get policy discounts for using smart home devices, according to new research findings released on Tuesday by NTT DATA. “Our study…
Insurtech platform revenues to approach US$235 billion by 2021, driven by machine learning and blockchain adoption: report
December 13, 2016 by Canadian UnderwriterFintech platform revenues derived from supporting the insurance industry will reach almost US$235 billion globally by 2021, up 34% year-over-year from an estimated US$175 billion this year, according to new findings from Basingstoke, England-based Juniper Research. The research company said…
80% of the small-medium business market in the U.S. “significantly underserved” by insurers: Majesco
December 9, 2016 by Canadian UnderwriterSmall-medium businesses (SMBs) with less than 10 employees – or nearly 80% of all firms in the United States – have “significantly negative views of insurers and employee benefits providers, creating an opportunity for new, innovative business models, products and…
Continued consolidation in Canadian broker and carrier spaces could create absence of mid-sized players: KPMG conference speaker
December 7, 2016 Jason Contant, Online EditorThe continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an…
Incumbent insurers need to understand the “ABCs of insurtech,” Novarica says
December 1, 2016 by Canadian UnderwriterIncumbent insurers need to understand the “ABCs” of insurtech – Analytics Arms Dealers, Beneficial Bots, Creative Carriers and Digital Distributors – to get a better grasp of the space, according to a new executive brief from Boston-based research and advisory…
Global insurtech market forecast to grow at compound annual growth rate of more than 10% between 2016 and 2020, new report suggests
November 24, 2016 by Canadian UnderwriterThe global insurtech market is forecast to grow at a compound annual growth rate of more than 10% between 2016 and 2020, according to a new report from global technology research and advisory company Technavio. The market research report, titled…