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How high-tech venture capital funding leads to better cyber insurance pricing

March 4, 2020 by Greg Meckbach

Recent advances in cybersecurity, driven in part by a spike in venture capital funding, are helping insurers price cyber more accurately, an insurance industry consultant suggests. “There is a huge advancement around the use of artificial intelligence and advanced analytics

News InsuranceTechnology

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 BrokersInsuranceMergers and AqcuisitionsTechnology

Aon acquires Canadian-based cyber security firm

February 4, 2020 by Jason Contant

Aon plc has announced the acquisition of Cytelligence, a Canadian-based cyber security firm with deep expertise in cyber incident response and digital forensic investigations. London, UK-based Aon said Tuesday the acquisition will help the brokerage expand its current coverages within

News InsuranceTechnology

What brokers should consider when looking at insurtech offerings

January 22, 2020 by Greg Meckbach

Brokers 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

News Earnings / RatingsInsurance

How much have personal auto and property premiums increased in one year?

January 22, 2020 by Jason Contant

Both personal auto and personal property premiums in Canada increased double digits compared to the same quarter last year, pointing to a continued hardening in the market, according to Applied System’s latest premium rating index. Personal auto premiums in 2019

Feature

Data to the rescue

January 2, 2020 David Gambrill, Editor in Chief

Witness to three hard markets, Greg McCutcheon, president of Opta Information Intelligence, tells how advanced analytics can predict the winners and losers in today’s hard market      

News InsuranceMergers and Aqcuisitions

Top 3 M&A insurance deals in 2019

December 20, 2019 by Jason Contant

2019 saw a slew of mergers and acquisitions in the Canadian P&C space and it’s unlikely 2020 will buck the trend. In fact, in the past few weeks alone, one Ontario brokerage bought another one, a Florida-based brokerage bought a

News BrokersInsurance

Tips to walk the gift-giving line

December 18, 2019 by Adam Malik

It’s the annual challenge – what gift do you buy your clients and colleagues? Between taste, price, relationship, it’s tough to figure out. And there are many gift-giving opportunities when it comes to the insurance industry, between colleagues, industry partners,

News BrokersInsuranceMergers and AqcuisitionsTechnology

Applied Systems to acquire Indio Technologies

December 4, 2019 by Jason Contant

Applied Systems announced Wednesday it has entered into a definitive agreement to acquire Indio Technologies, a software company that digitizes the insurance application and renewal process. The announcement comes less than two months after Applied acquired Policy Works, a major

News Insurance

So when is the P&C industry going to make real money in cyber?

November 28, 2019 by David Gambrill

There’s a huge opportunity for Canadian brokers during this hard market and it’s hidden in plain sight — cyber insurance. Cyber protection has been a dominant fixture in industry discussions for the past several years. The product has evolved considerably,

News InsuranceProductsTechnology

What these ‘non-traditional’ insurance products will look like

November 19, 2019 by Greg Meckbach

As 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

News BrokersCommercial LinesConstructionInsurance

CSIO finalizes standard set of questions for underwriting this commercial line

November 19, 2019 by Jason Contant

The Centre for Study of Insurance Operations’ (CSIO) commercial lines working group has finalized a standard set of questions required for underwriting small contractor new business submissions. “This is a significant step in implementing commercial lines data standards in the