People love their smartphones. And even those who claim they don’t still spend hours using them every day. A study last year by cybersecurity company NordVPN found 66% of Canadians even use their phones while in the washroom. I’ve always wondered what someone’s price would be to stop texting forever. In late 2022, I posted […]
By Phil | February 22, 2023
3 min read
Canada saw a total of 14 insurtech deals in 2022—and 3 deals in Q4 alone, according to the latest Gallagher Re Global InsurTech Report for Q4 2022. Overall, Canada saw more than $125 million in funding volume for insurtech investments in 2022. And while this year was the most active year ever for global insurtech […]
By Alyssa DiSabatino | February 22, 2023
3 min read
Adopting an Application Programming Interface (API) solution for broker-carrier connectivity will significantly reduce errors and save brokers between 11% and 17% of effort during the quoting process, according to a white paper released Tuesday by Insurance Brokers Association of Canada (IBAC). In personal lines quoting, a test of API performance suggested a “significantly increase[d] accuracy […]
By David Gambrill | February 14, 2023
3 min read
One Canadian company is taking a unique approach to deal with repetitive data entry, a major pain point for brokers. Vancouver-based Quandri uses software bots to automate certain portions of a brokerage’s operations, such as the renewal review process. Quandri co-founder and CEO Jackson Fregeau (who founded the company with his brother Jamieson) told Canadian […]
By Jason Contant | February 13, 2023
4 min read
As Wawanesa Mutual Insurance Company changes its leadership structure with the appointment of three industry professionals to more senior leadership roles, industry veteran Carol Jardine — currently the insurer’s president of Canadian P&C operations — is also set to retire on Feb. 28. Last week, Wawanesa announced it had appointed Anna McCrindell, Graham Haigh and […]
By Jason Contant | January 30, 2023
3 min read
Privacy is one of the four major risks associated with the metaverse — the expanding virtual universe of network connections — an industry expert told Canadian Underwriter recently. When developing a metaverse strategy, your commercial clients should look at operational, cybersecurity, privacy and safety risks, said Carlos Chalico, cybersecurity and privacy leader at EY Canada. […]
By Jason Contant | January 25, 2023
4 min read
Auto insurance rating models are becoming so complex that Ontario’s regulator is looking not only at the inputs of these models, but now the outputs as well, attendees heard at an industry event last week. “There are concerns that these systems will be so complex over time that we don’t understand them,” said Carole Piovesan, […]
By Jason Contant | January 24, 2023
4 min read
TORONTO – The self-driving era is here, just not the one that was promised. Instead of sleek pods without steering wheels ready to chauffeur buyers off the lot, there are mostly driverless Chevy compacts, Chrysler minivans, and Ford box trucks with bolted-on hardware trundling around bits of the U.S. southwest and, as of August, a […]
By Jason Contant | December 15, 2022
5 min read
Executives’ fears that remote workers are becoming less engaged and spontaneous when working online than they are while in the office may be unfounded, new research has determined. One of executives’ biggest worries about remote work is the reduction in spontaneous meetings and conversations with employees. As such, a major driving argument for bringing employees […]
By Jason Contant | December 15, 2022
4 min read
By Camelia Radu, Associate Professor in Accounting, Universite du Quebec a Montreal (UQAM) and Nadia Smaili, Professor in Accounting (forensic accounting), Universite du Quebec a Montreal (UQAM). This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original […]
By Alyssa DiSabatino | December 9, 2022
4 min read