Tech

Insurtech funding in Q1 2017 sees 64% drop from Q1 2016 to US$283 million: Willis Towers Watson Securities

Insurtech funding in the first quarter of this year saw funding volume of US$283 million, a 64% drop from the first quarter of 2016’s total of US$783 million, likely the result of “start-ups moving from fundraising to product launch stage,” a new report from Willis Towers Watson (WTW) Securities said. WTW Securities, the investment banking […]

By Canadian Underwriter | May 2, 2017

2 min read

Turn Signal

Technology is driving change in the vehicle manufacturing sector, prompting property and casualty insurers to consider how best to protect an already-pressured auto book. Will partnering with vehicle makers offer an opportunity to share the driver's seat as highly automated and then autonomous vehicles take hold? Or will changing use patterns and battles over data relegate insurers to thumbing a ride?

May 1, 2017

12 min read

Fintech sector in Canada not reaching full potential: Competition Bureau of Canada

The fintech sector in Canada is not reaching its full potential, in part because of consumer complacency and a lack of trust in new alternatives to the big banks, according to a new summary from the Competition Bureau of Canada. The summary, published on Monday on the Bureau’s fintech portal, follows a workshop in late […]

By Canadian Underwriter | May 1, 2017

2 min read

Federal government invests $2.5 million to examine Canadian start-ups

The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has announced a “non-repayable contribution” of up to $2.5 million to Wilfrid Laurier University in Waterloo, Ont. to support a national “scale-up data platform.” The platform will “capture and track metrics of Canadian companies and provide invaluable insights into why early-stage companies fail or succeed,” […]

By Canadian Underwriter | April 28, 2017

2 min read