HR
Commercial brokerages are looking at non-traditional approaches, particularly around technology, to attract and build producer talent, speakers said Thursday at Insurance Bureau of Canada’s inaugural Commercial Insurance Symposium in Toronto. “We’re seeing some commercial brokerages put increasing emphasis on [non-traditional approaches] and getting more digital-savvy and plugging into different ecosystems than they traditionally would to […]
By Jason Contant | November 29, 2019
4 min read
Tech
Most home insurance clients don’t know they could be covered for identity theft, Top Broker Summit attendees heard Monday. “On the personal lines side, there have been a number of companies in Canada that have offered identity theft coverage for 10, 12 or 13 years. I think most Canadians don’t know it’s available,” said Paul […]
By Greg Meckbach | November 27, 2019
3 min read
Forget about attracting talent, keeping up with rapid change, or complying with a myriad of regulations – what’s really keeping insurance executives up at night is scaling artificial intelligence (AI) for their business. According to a recent report from Accenture, based on a global survey of 1,500 C-level executives across 16 industries (including 113 executives […]
By Jason Contant | November 27, 2019
Operations
How do you insure intangible assets like intellectual property or data on the cloud? If you are not thinking about this now, you could be in a few years, insurance company executives told brokers attending Canadian Underwriter‘s Top Broker Summit meeting in Toronto Monday. For many of the world’s largest companies, most of their assets […]
A comparison site wants to partner with brokers in Canada who are looking to generate leads, but the idea sparked a debate at a panel discussion at Canadian Underwriter‘s Top Broker Summit conference Monday. LowestRates.ca CEO Justin Thouin was making the case that aggregators may not necessarily be competing with Canadian brokers, but actually helping […]
HEADINGLEY, Man. – An Indigenous child welfare authority in Manitoba has called in the RCMP after being hit by a cyberattack that’s corrupted its computer files and potentially compromised the privacy of its clients. Southern First Nations Network of Care spokesman Jim Compton said the organization’s IT department has been trying to restore service since […]
By Jason Contant | November 25, 2019
2 min read
As an increasing number of your clients come from cohorts younger than Generation X, the availability of non-traditional insurance products is going to increase, an insurtech industry watcher suggests. “I think we are increasingly going to see the development of some new innovative products – whether you call them on demand or you call them […]
By Greg Meckbach | November 19, 2019
When trying to implement an IFRS 17 solution in your insurance company, should you start fresh with a new solution, integrate into your existing systems, enlist the aid of a third-party provider or some or all of the above? The risks for your company will vary depending on the path you choose. Insurers will need […]
By Jason Contant | November 18, 2019
Emerging tech companies are entering a new world of vicarious liability that may not be covered under traditional E&O policies
November 16, 2019
IQALUIT, Nunavut – The Nunavut government is slowly returning to normal nearly two weeks after its computer systems were paralyzed by a cyber attack. Dean Wells, the territory’s chief information officer, says departments are beginning to come back online. Government employee paycheques are expected to be delivered Friday as normal. All Nunavut government computers were […]
By Jason Contant | November 15, 2019
1 min read
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