Tech
With a large number of employees working from home during the pandemic, commercial clients need some way of assigning a risk score to the cyber exposure posed by their users, software applications, and hardware devices, a Canadian information technology security expert suggests. “In this day and age, many organizations are using SaaS [software as a […]
By Greg Meckbach | July 9, 2021
2 min read
Operations
A court decision in Teksavvy points the way to how to block an online website operated by unlicensed professionals, such as brokers.
By Greg Meckbach | July 8, 2021
6 min read
Legal / Regulation
Nova Scotia motorists could be out of luck when they try to renew their auto insurance if they got caught more than once using a hand-held gizmo when they should be paying attention to the road. In a ruling posted June 30, the province’s utility review board approved an application from The Dominion of Canada […]
By Greg Meckbach | July 6, 2021
Brokers wanting to take advantage of artificial intelligence and machine learning need large amounts of data and to hire the correct experts. If a company wants to effectively build and deploy artificial intelligent and machine learning systems, it needs a large data set, Joe McKendrick wrote in The Data Paradox: Artificial Intelligence Needs Data; Data […]
By Greg Meckbach | June 30, 2021
A major pain point for gig-economy entrepreneurs is the traditional process of getting commercial coverage, a Vancouver insurtech CEO suggests. “It is tough being a solo entrepreneur, especially now,” said Jeff McCann, CEO Apollo Insurance Solutions Ltd. “These people are busy. They might want to [buy insurance] at ten 0’clock at night when [brokerage and […]
By Greg Meckbach | June 15, 2021
Landlords often require their tenants to have insurance coverage as a condition of the leases, but it could be quite a paper chase to keep track of thousands of tenants and their insurance status. Vancouver-based insurtech and managing general agent Apollo Insurance Solutions Ltd. is trying to crack this nut by letting tenants buy insurance […]
By Greg Meckbach | June 9, 2021
Comparison website vendor Ratehub Inc. is now operating its own property and casualty insurance brokerage. “When it’s our own sales staff, we have the full insight into close ratios and contact ratios,” said Alyssa Furtado, co-CEO of Ratehub Inc. and co-founder of Ratehub.ca, in a recent interview. Ratehub announced June 1 the launch of its […]
By Greg Meckbach | June 7, 2021
Managing general agents who can place small business coverage digitally through the Lloyd’s market are at a competitive advantage over MGAs using traditional paper-based processes, an insurtech CEO suggests. “We are one of the very few MGAs that has straight through-processing at all,” said Jeff McCann, CEO of Apollo Insurance Solutions Ltd., in a recent […]
By Greg Meckbach | May 31, 2021
While the insurance industry is hearing a lot of messages these days about the importance of experimenting with new digital technologies — i.e. witness the increased use of terms such as “agility,” “nimble,” “pivoting,” and “failing fast” — a business strategy should guide the digital innovation, industry execs say. Brian Falchuk, managing partner of Insurance […]
By David Gambrill | May 20, 2021
3 min read
With the end of the pandemic now a distinct possibility, Canadians are expecting the property and casualty insurance industry to up its game in customer service, industry execs observed in a recent webinar. “The move to digital [in March 2020] was so immediate and so abrupt that…it wasn’t done flawlessly,” Nathan LaFayette, chief insurance officer […]
By David Gambrill | May 19, 2021
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