RCMP commits to changes in how it collects, uses information about protesters
December 18, 2020 Jim Bronskill - THE CANADIAN PRESSOTTAWA – The RCMP has agreed to revamp its policies on the collection and use of information about protesters after a watchdog expressed fresh concerns, a notable shift from the police force’s position only months ago. RCMP Commissioner Brenda Lucki…
5 must-haves for your brokerage data system
December 3, 2020 by Jason ContantBeing able to collect better data regarding sales and customer behaviour are obvious reasons to upgrade the data system at your brokerage, but there are other benefits, Vancouver-based P&C insurance consulting firm Smythe Advisory said in a blog published Tuesday.…
BlackBerry shares soar in wake of Amazon deal to develop vehicle data platform
December 2, 2020 The Canadian PressWATERLOO, Ont. – Shares in BlackBerry Ltd. gained as much as 63.9 per cent in intraday trading on Tuesday following news of a deal with Amazon Web Services to develop and market BlackBerry’s intelligent vehicle data platform, called IVY. The…
Why the brewing battle over vehicle data ownership matters to insurers
August 28, 2019 by Adam MalikCollision claims are approaching “a new era” of data collection, intensifying the debate between the insurance industry and vehicle manufacturers over who owns the data. Thanks to the advent of connected vehicles, data generated in these cars provide valuable information…
How innovation changes the underwriter’s job
March 6, 2019 by Greg MeckbachTechnology and data will change the underwriter’s job but will not eliminate it, suggests Russell Johnston, chief executive officer for North America of QBE Insurance Group Limited. “At the end of the day, people still make the decisions,” Johnston said…
Why Ozzy Osbourne is a factor for actuaries to consider
December 10, 2018 by Greg MeckbachProperly segmenting data within an “ocean” of information can make the difference between champ and chump, speakers suggested at KPMG’s recent insurance conference. “I think the biggest change that most people are grappling with is the amount of data that…
Minimum data set for commercial lines finalized
November 24, 2018 by Jason ContantThe 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…
How to take better advantage of data science
October 9, 2018 by Jason ContantCorporate leaders are becoming convinced of the wide-ranging impact that effective data collection can have on the bottom line, and insurance companies and brokerages are no exception. This impact can be felt across the organization, from tracking daily reports against…