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News InsuranceTechnology

The impact of legacy systems on AI implementation

March 5, 2019 by Jason Contant

Legacy systems have long been the scourge of the industry and they are one of the things standing in the way of artificial intelligence (AI) implementation, a speaker suggested last week at the Insurance-Canada.ca Technology Conference in Toronto. “There’s a

News InsuranceTechnology

Why less is better for digital transformation

March 1, 2019 by Jason Contant

Companies looking to undergo a digital transformation should follow the expression “more is not always better” when it comes to selecting system integrators and vendors, a speaker said Wednesday at the Insurance-Canada.ca Technology Conference in Toronto. During the transformation process,

News Commercial LinesInsuranceTechnology

Why the insurance industry needs a “killer use case” for blockchain

February 28, 2019 by Jason Contant

The insurance industry needs a “killer use case” for blockchain that all stakeholders can agree on before moving forward with more widespread adoption, a speaker suggested Wednesday at the Insurance-Canada.ca Technology Conference. “I think we are still on that journey

News InsuranceMergers and AqcuisitionsTechnology

Opta acquires getClarity: linking property and risk data with consumer profiles

February 14, 2019 by David Gambrill

With its recent acquisition of getClarity, Opta Information Intelligence is expanding into the area of customer and prospect behaviour. Opta is Canada’s largest property data aggregator and a provider of risk intelligence and loss control services. Its solutions include iClarify

Feature

Making peace with insurtechs

February 1, 2019 Greg Meckbach, Associate Editor

Once hyped as a potential dogfight, the anticipated competition between the insurance industry
and insurtechs has turned out to be a
cozy affair. How did that happen?

News Earnings / RatingsInsuranceMarkets / Coverages

All provinces saw rate increases in Q4 2018: Applied

January 10, 2019 by Jason Contant

Evidence of a hard market in personal lines in Canada was apparent in Applied Systems’ latest quarterly Applied Rating Index, released Tuesday. The Q4 2018 index found that average premiums for personal auto and personal property lines increased by more

News Insurance

CoreLogic takeover of Symbility approved by shareholders

December 14, 2018 by Greg Meckbach

Canadian claims software vendor Symbility Solutions Inc. is a step closer to being acquired by data provider CoreLogic Inc. Calgary-based Symbility said Thursday an overwhelming majority of its shareholders have approved a $160-million deal originally announced Oct. 22. The deal

News Technology

The ‘biggest hurdle’ to making artificial intelligence useful

November 28, 2018 by Greg Meckbach

Figuring out what products your customers might buy next or what they are complaining about are two ways you could be using artificial intelligence now, the founder of a big data vendor suggests. “In the future you are going to

News AssociationsBrokersInsuranceTechnology

Minimum data set for commercial lines finalized

November 24, 2018 by Jason Contant

The Centre for Study of Insurance Operations (CSIO) has finalized the minimum data set for CSIO XML standards in commercial lines, paving the way for implementation of commercial data standards in the broker channel. The minimum data set comprises of

News InsuranceMarkets / CoveragesTechnology

The secret to appealing to younger Canadian insurance buyers

November 22, 2018 by Jason Contant

Thinking of abandoning your brick-and-mortar stores to appeal to the tech-savvy younger generations who love to buy everything online? Don’t just yet, suggests new research from broker management system provider Applied Systems and business intelligence research firm ORC International. Instead,

News Technology

This Canadian claims vendor could be bought by CoreLogic

November 20, 2018 by Greg Meckbach

Calgary claims software vendor Symbility Solutions Inc. is one step closer to being taken over by property risk data provider CoreLogic Inc. Shareholders of the publicly-traded Symbility will meet Dec. 13 to vote on a $160-million acquisition offer by CoreLogic. Symbility’s

News RiskTechnology

How fraudsters can dupe even tech-savvy risk analysts

November 20, 2018 by Jason Contant

Think it’s just your clients that can get tricked into revealing personally identifiable information (PII)? Not always. A recent experiment has shown that even tech-savvy individuals are willing to provide PII without due diligence. A Vancouver-based global identity and business