Tech
Insurance is among the services that must offer an omni-channel experience if it expects to address the expectations of consumers as the complexity of their demands shift, Duncan Stewart, director of technology, media and telecommunications research for Deloitte Canada, suggested Thursday during an industry event in Toronto. “The more complex and higher value the transaction, […]
By Angela Stelmakowich | April 18, 2017
4 min read
Insurance carriers need to more seriously consider the potential that exists in episodic insurance and how such an approach could alter offerings, Mukul Ahuja, leader of insurance strategy and innovation at Deloitte Canada, suggested Thursday. “Not nearly enough carriers are looking at that seriously as an opportunity right now in terms of the potential,” Ahuja […]
By Angela Stelmakowich | April 17, 2017
5 min read
Autonomous vehicles are coming, but there is no need for property and casualty insurers to panic that their auto books are going to quickly disappear, Andrew Lo, president and chief operating officer of Kanetix Ltd., said Thursday at the Canadian Insurance Accountants Association (CIAA) Tech IT Forward event in downtown Toronto. “If you feel a […]
Insurance providers need to consider mobile computing devices and targetting prospective customers at certain stages of their life, a Facebook Canada official recently told members of the Centre for Study of Insurance Operations. “Think mobile first,” said Robert Geller, a member of Facebook Canada’s financial services team, to an audience of about 100 insurance professionals […]
By Jason Contant | April 17, 2017
2 min read
HR
The Centre for Study of Insurance Operations held its annual general meeting Thursday, acclaiming the president of the Insurance Brokers Association of Ontario as a new board member and announcing the use of its eDocs standard was up about 45% in 2016 from the year before. In 2013, CSIO announced that eDocs would be its […]
By Jason Contant | April 16, 2017
3 min read
The Insurance Brokers Association of Manitoba (IBAM) announced on Thursday that CEO Dave Schioler will be stepping down effective April 11, 2018. Noting that he still has much to do at IBAM during what will now be a transition year, Schioler said in a press release that “he has been presented with a couple of […]
By Canadian Underwriter | April 15, 2017
Global advisory, broking and solutions company Willis Towers Watson (WTW) announced on Tuesday that it has introduced a new “flexible insurance solution” specifically tailored to cover cyber exposure affecting the global airline industry. CyFly forms part of WTW’s integrated approach to cyber risk by focusing on the human element associated with risk and technology, WTW […]
By Canadian Underwriter | April 11, 2017
Hubio, a provider of technology solutions for P&C insurers, announced on Monday that Saskatchewan Mutual Insurance Company (SMI) has obtained certification from the Centre for Study of Insurance Operations (CSIO) for both personal and commercial lines eDocs. SMI is now able to download personal and commercial lines electronic documents to multiple broker management systems, including […]
By Canadian Underwriter | April 10, 2017
Manitoba Public Insurance (MPI) has announced that it is launching a new “virtual reality (VR) experience” to tackle three critical road safety issues facing young drivers in Manitoba: distracted driving, impaired driving and speeding. Ron Schuler, Manitoba’s Minister of Crown Services and MPI, announced the DRIVR-X platform on Friday. Through the use of VR headsets, […]
Fully online insurance company Sonnet is the “first step in a multi-step journey” and the learnings from that process will be applied back to other parts of Economical Insurance’s business, Economical senior vice president and chief marketing officer Michael Shostak said last week. “Everything we did with Sonnet, whether it was the customer insights or […]
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