Tech

Partnership combines auto insurance, used car warranty products

Online insurance comparison platform HelloSafe has announced a strategic partnership with GuardTree Inc., which calls itself Canada’s first monthly subscription-based used car warranty product. The partnership allows Ontario drivers to compare a wide range of auto insurance guarantee options through HelloSafe’s online platform. “The collaboration between HelloSafe and GuardTree marks a significant milestone in the […]

By Jason Contant | March 20, 2024

2 min read

How quantum computing could impact risk management and claims

Quantum computing’s impact on P&C insurance operations will be wide-ranging, say several sources who spoke with CU. Almost every sector and department of the industry could be affected, including actuarial, risk management and underwriting teams, data analytics, IT, claims processing, investments, asset management, and fraud detection. In short, quantum computing will provide more accurate models, […]

By Phil | March 18, 2024

3 min read

How quantum computing creates new risks, regulatory issues for insurers

Quantum computing stands at the forefront of data processing technology and, although it remains an open question how it will be regulated, some form of guidelines will be needed. Quantum computers go well beyond a standard binary form of processing information, more closely patterned after the way humans think. Experiments with the technology have even […]

By Phil | March 14, 2024

2 min read

What quantum computing could mean for insurance

What will the P&C insurance industry do when quantum computers “think,” and behave, more like humans? It’s not as far off as you think. Today, quantum computing is the preserve of national intelligence agencies and the world’s largest technology companies, such as Google, IBM and Microsoft. But software companies will soon be able to leverage the […]

By Phil | March 12, 2024

3 min read