Tech

Use of comparison sites to buy auto, home insurance developing, but trailing in Canada and the U.S.: Finaccord

The use of comparison sites to buy auto and home insurance is developing rapidly, but continues to trail in Canada and the United States relative to the United Kingdom and continental Europe, according to new consumer research from Finaccord. On Thursday, the market research, publishing and consulting company specializing in financial services released Aggregation Metrics: […]

By Canadian Underwriter | October 6, 2016

3 min read

Tech

Customer Connections

Turning Insurance Outside-In was the theme of the fourth annual Executive Forum in Toronto. Speakers touted the benefits of creating a digital experience in multiples channels.

October 5, 2016

9 min read

Tech

Commercial insurance for Airbnb hosts available in Iowa from insurtech startup Slice

Slice Labs Inc. announced Wednesday the launch of a private beta in which commercial insurance is being offered to hosts in Iowa who rent their homes. “The first product applies to homeshare hosts renting their homes on various homeshare platforms,” Slice stated in a release. It is intended for people who rent property using services […]

By Canadian Underwriter | October 5, 2016

1 min read

Tech

Autonomous cars will reach sales of 24 million units in 2030 from 0.2 million in 2020: research report

The first autonomous cars will debut in 2020, with the total number of new registrations forecasted to grow at a compound annual growth rate (CAGR) of 62% from 0.2 million units in 2020 to reach 24 million units in 2030, according to Swedish market research firm Berg Insight. Berg Insight – a machine-to-machine (M2M)/Internet of […]

By Canadian Underwriter | October 5, 2016

2 min read

Engineering insurers’ working group calls for ‘greater risk dialogue’ on cyber threats

Cyber insurance coverage “should not replace” information technology security measures, and cyber risk can have an effect across engineering projects, the International Association of Engineering Insurers (IMIA) warned Tuesday. “The perception that cyber events do not cause physical damage is being challenged,” stated Alexander Schmidl, the chair of an IMIA working group, in a release. […]

2 min read

IBM and Majesco form five-year partnership to accelerate new global insurance services

Technology company IBM announced on Monday a five-year partnership with Majesco – a global provider of core insurance software, consulting and services for insurance business transformation – to jointly offer a new cognitive, cloud-based platform to help insurance carriers worldwide create new services on IBM Cloud. The global partnership is intended to help provide clients […]

3 min read

Cyber and data privacy breaches top risk for global transportation industry executives: Willis Towers Watson study

The increased security threat from cyber and data privacy breaches is the number one risk on the minds of executives in the global transportation industry, according to a new report released on Monday by Willis Towers Watson (WTW). Willis Towers Watson’s 2016 Transportation Risk Index was commissioned to measure the industry’s current risk environment from […]

3 min read

Brokers’ challenges presenting opportunities: new IBAC president

The issues facing the broker channel – such as the regulatory environment and technology – are collective, but the channel is strong together, Robert Harrison, new president of the Insurance Brokers Association of Canada (IBAC), said during the association’s annual general meeting in Charlottetown, P.E.I. on Saturday. “Do we need change? I think we need […]

By Jason Contant | October 2, 2016

3 min read

Organizations starting to show greater openness to enlisting experts to help with cyber security: NICC speaker

VANCOUVER – Cyber attackers are becoming increasingly sophisticated – employing better techniques and targeting information that could prove particularly damaging – but that may be balanced by a greater openness to use expertise and not go it alone, it was suggested during a session Friday at NICC. “We are at the cusp of a paradigm […]

By Jason Contant | October 1, 2016

5 min read