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venture capital

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What are Canadian insurtechs doing with their new venture capital funding?

March 3, 2020 by Greg Meckbach

A sharp rise in venture capital funding to Canadian fintechs has spawned investments in technology intended to improve property and casualty claims management, the insurance leader with PwC Canada suggests. “There has been a broad-stroke move to have significantly more

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Artificial intelligence saw record high investments in Canada in past five years: report

July 26, 2017 by Canadian Underwriter

Artificial Intelligence (AI) attracted US$162 million in investments across 12 deals in the first half of 2017, the highest amount of funding in Canada in the past five years, according to the quarterly MoneyTree Canada Report from PwC Canada and

News Earnings / RatingsInsuranceMergers and AqcuisitionsProductsTechnology

U.S. personal lines carriers investing in insurtech for early information on new ideas, competitive advantage: Novarica

May 16, 2017 by Canadian Underwriter

Personal lines carriers in the United States are using insurtech to focus on diverse research and development efforts, analytics, improved self-service capabilities (including mobile platforms) and core systems upgrades with an eye to the future, suggests a new report from

News InsuranceMergers and AqcuisitionsTechnology

Aviva Canada invests $2.5 million in Canadian real estate marketplace & brokerage Casalova

April 5, 2017 by Canadian Underwriter

Aviva Canada has announced an equity partnership with real estate marketplace and brokerage Casalova. Aviva Canada announced the partnership in a press release on Wednesday, noting that the $2.5 million investment is being made by Aviva Ventures, Aviva plc’s venture

News InsuranceMarkets / CoveragesTechnology

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 Underwriter

The 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

News InsuranceTechnology

Insurance firms should investigate ‘insurtechs’ to complement their own digital strategies: Gartner

October 26, 2016 by Canadian Underwriter

Insurance sector chief information officers (CIOs) should expand their market insight concerning the innovation and disruption potential of insurance technology startups, or “insurtechs,” to complement their digital insurance strategies, according to Gartner, Inc. The Stamford, Conn.-headquartered information technology research and