Segment
Vendors
Your first step towards a digital brokerage lies in your BMS
January 19, 2018 by David GambrillHow many brokers would be willing to change how their data is organized and housed if it meant a revenue increase of 144% per employee? The goal is actually within your reach, says Michael Howe, senior vice president of product…
Uber nearing autonomous cars without human backup driver
January 19, 2018 Tom Krisher - THE ASSOCIATED PRESSDETROIT – Uber plans to carry passengers in autonomous vehicles without human backup drivers in about the same time frame as competitors, which expect to be on the road at the latest sometime next year, the service’s autonomous vehicle chief…
What you need first, before chatbots and blockchain
January 15, 2018 by David GambrillCanadian property and casualty insurers must address their IT data collection systems in order to profit from more IT glamorous solutions such as chatbots, blockchain, artificial intelligence and the Internet of Things (IoT), says Sven Roehl, who facilitates The Cookhouse…
3 tips for advising your clients about construction work
January 12, 2018 by Greg MeckbachBrokers advising property owners should bear in mind their clients may not be experts on construction and renovation, a managing general agency warns. Keeping this mind, brokers can guide clients through three processes when hiring contractors to do construction or…
Broker loses licence for preferred vendor kickback scheme
January 10, 2018 by David GambrillA B.C. broker has had his licence cancelled for five years after the provincial broker regulator found that he had participated in a kickback scheme involving a potential preferred vendor for the brokerage. Bhupinder Singh Atwal, assistant vice president at…
Deal with LOGiQ3 sees U.S. firm acquire Canadian insurtech
January 10, 2018 by Jason ContantRGAx, a subsidiary of Reinsurance Group of America, has acquired a group of companies providing technology, consulting and outsourcing solutions to the North American life and reinsurance industries – including two Canadian organizations. On Jan. 8, RGAx announced the acquisition…
P&C People: who’s doing what?
January 4, 2018 by Canadian UnderwriterKernaghan Adjusters veteran retires Raymond Smith, an insurance industry veteran with more than 45 years of experience, has decided to retire. The vice president of marketing and executive adjuster with Kernaghan Adjusters formally retired after seven years with the firm,…
Management buyout features Canadian broker tech guru
January 2, 2018 by Canadian UnderwriterPat Durepos, a well-known Canadian broker in the insurance tech space, is a key figure in a management buyout at Hubio Exchange, the Canadian division of Hubio Exchange has announced. Hubio Exchange has provided industry tech solutions to Canadian insurers…
Tool can help insurers ensure document authenticity
December 20, 2017 Jason Contant, Online EditorAn Ontario-based property inspection and analysis company will soon publicly launch a product that could help carriers verify the authenticity of an insured’s photos, files and forms. The Image and Document Upload System (IADUS) uses specific features to help insurance…
Regulator challenges rosy telematics picture
December 2, 2017 Greg Meckbach, Associate EditorCanadian auto insurers have been using telematics to gather data on driving behaviour for years, with one insurer having billions of miles’ worth of data, but it remains debatable whether pay-as-you-drive technology actually reduces insured losses. Claims costs “could conceivably…
‘Somebody could actually die’: Cybercrime’s grave threat to automated resource firms
November 27, 2017 Dan Healing - THE CANADIAN PRESSCALGARY – Data theft from high-profile hacks against companies like Uber and Equifax can cost consumers thousands of dollars but resource companies worry about millions in damage, along with potential injuries and death, if their technology is compromised. The thought…
P&C People: Who’s doing what
November 25, 2017 David Gambrill, Editor-in-ChiefQuebec regulator names inaugural fintech director The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec’s financial sector, has appointed Moad Fahmi to the new position of director of fintech and innovation. “This new function will foster the collaboration that…