Segment
Vendors
Why carriers should share with their competitors
August 1, 2018 by Greg MeckbachInsurance carriers selling through brokers should share, with competitors, some of the software they make to exchange data with brokers’ computer systems, speakers suggested Wednesday at the Data Exchange (D/X) launch. “We need to communicate more quickly and efficiently with…
Canadian P&C industry enters “hybrid cloud” phase
July 24, 2018 by David GambrillCanadian P&C insurance companies have entered a transitional technology phase that will see data from their legacy systems get transferred online. “We are in a hybrid-cloud paradigm,” Frank Attaie, vice president of cloud and software at IBM Canada, told Canadian…
Advertisement New wildfire index fights a $5.6-billion problem
July 24, 2018 Opta Information IntelligenceWith wildfire losses reaching a whopping $5.6 billion in the past 10 years, there is an urgent need for a solution that can help insurers price the risk accurately, as well as to help municipal and provincial governments know their…
How data breaches cause harm even if no financial info is stolen
July 17, 2018 by Jason ContantA recent data breach at an Ontario college highlights the importance of educating clients on cybersecurity, even if no financial information was exposed. “Even having your name, address and date of birth stolen can still cause problems,” Don Duncan, security…
Where premiums actually went down in Canada
July 17, 2018 by Jason ContantAverage premiums for personal auto in Atlantic Canada decreased for the second consecutive quarter, according to Applied Systems’ latest quarterly rating index. On the other side of the country, in British Columbia, average personal property premiums also decreased for the…
How to explore an untapped market in identity fraud protection
July 5, 2018 by Jason ContantWhile the majority of polled Canadians (86%) believe they are increasingly at risk of identity fraud, only about one-quarter have identity fraud protection, a recent survey has found. Conducted on behalf of Vancouver-based fintech company Mogo, the survey polled 1,514…
Quebec insurance IT provider V-NEO acquired by German-based tech company
July 3, 2018 by David GambrillGerman-based tech provider GFT Technologies SE (GFT) has acquired V-NEO Inc. (V-NEO), a Quebec-based IT provider to the Canadian property and casualty insurance industry. Founded in 2011, V-NEO has acted as a service partner for the P&C insurance Guidewire platform.…
Paid This is how savvy commercial underwriters are getting ahead of the competition
June 25, 2018 Opta Information IntelligenceIn a fiercely competitive and increasingly challenging commercial lines marketplace, Opta Information Intelligence’s Commercial Perils Solution can now display an unparalleled scope of risk related insight to a particular piece of business. Allowing savvy underwriters to better manage their existing…
Former Zurich Canada CEO elected to claims software vendor board
June 22, 2018 by Greg MeckbachRobert Landry, a former president and CEO of Zurich Insurance Company’s Canadian branch, was elected Thursday to the board of directors of Symbility Solutions Inc., a claims software maker. Calgary-based Symbility held its annual shareholders meeting Thursday. The vendor’s products…
Join WICC’s Golf Beach Party on July 11
June 20, 2018 WICC OntarioTORONTO, June 20, 2018 /insPRESS/ – WICC Ontario’s Golf Fundraiser takes place again at the beautiful Angus Glen Golf Club. In our 19th year, we have something enjoyable for everyone! Get into our BEACH THEME and wear your best Hawaiian…
Are independent brokerages in Canada adopting digital technology?
June 13, 2018 by Jason ContantWhile independent brokerages in four countries (including Canada) are not fully embracing digital technology in 2018, Canadian brokerages are showing an increased adoption of cloud hosting, according to a new annual report from software vendor Applied Systems. Applied released Tuesday…
From days to minutes: New tech overhauls quote and bind process
June 10, 2018 by Jason ContantThe launch of the new broker technology Vyne will eliminate some of the “inefficient steps” that brokers have to take between quoting and binding, potentially reducing the quote and bind process from days or weeks to just minutes, the company…