Tech

Technology driving long-term transformation of the insurance industry; price levels expected to stabilize: Swiss Re

Technological developments will profoundly change the way in which the re/insurance industry develops, distributes, underwrites and administers the insurance protection it sells to consumers, Swiss Re said on Monday. New technologies such as cognitive and cloud computing as well as big data will simplify and accelerate the industry’s underwriting process and reduce the price of […]

By Canadian Underwriter | September 12, 2016

2 min read

Global banking, financial services and insurance security market to grow to US$48.95 billion by 2021: report

The global banking, financial services and insurance (BFSI) security market is estimated to grow to nearly US$50 billion by 2021, driven by regulatory, security and cyber factors. Market research firm MarketsandMarkets said in a report released Thursday that the BFSI security market is estimated to grow from US$30.23 billion in 2016 to US$48.95 billion by […]

By Canadian Underwriter | September 9, 2016

1 min read

Changes to SGI’s Safe Driver Recognition program take effect in October

Changes to Saskatchewan Government Insurance’s (SGI) Safe Driver Recognition (SDR) program, which rewards the safest drivers with the biggest discounts and imposes stiffer consequences for high-risk drivers, take effect on Oct. 12. The program was implemented in 2002 to reward safe drivers and encourage risky drivers to change their behaviour. SGI began reviewing the program […]

By Canadian Underwriter | September 8, 2016

3 min read

Symcor announces strategic relationship with Majesco to deliver a cloud-based solution to Canadian insurers

Symcor Inc., a Canadian provider of business processing and client communications management systems, announced on Wednesday a strategic relationship with Majesco, a global provider of core insurance software, consulting and services for insurance business transformation. The strategic relationship adds Majesco’s award-winning software to Symcor’s cloud and outsourcing capabilities to provide an Insurance as a Service […]

By Canadian Underwriter | September 7, 2016

3 min read