Tech
A Winnipeg-based provider of scalable digital solutions for the agricultural industry has launched what it calls the industry’s first insurtech platform combining field-level data, remote sensing, artificial intelligence-driven models and secure automation technology. The platform creates a “new digital connection between insurance providers and growers,” transforming traditional crop insurance to create a more streamlined, digital […]
By Jason Contant | July 24, 2019
2 min read
Machine learning and optical character recognition can help brokers enter data from forms, but it still often takes human effort to read handwriting
July 8, 2019
3 min read
HALIFAX – The accounting firm investigating the unseemly demise of Canada’s QuadrigaCX cryptocurrency exchange is accusing the company’s late founder of creating fake trades and transferring customer funds into his personal accounts, where the money was used for high-risk margin trading. “Substantial funds were transferred to Mr. (Gerald) Cotten personally and other related parties,” says […]
By Greg Meckbach | June 21, 2019
What’s the secret to successful digital transformation? The key is to get buy-in from the lower levels of the organization, said Paul Chapman, chief information officer (CIO) at Box Inc., a provider of cloud content management and file-sharing service for businesses. “The tricky part is not the leadership themselves, they can get aligned,” Chapman said […]
By Jason Contant | June 21, 2019
MONTREAL – Desjardins Group said Thursday the personal information of more than 2.9 million of its members has been shared with individuals outside of the organization. The Quebec-based financial institution said the breach affects 2.7 million individual members and 173,000 business members. It said the situation is the result of unauthorized and illegal use of […]
By Greg Meckbach | June 20, 2019
1 min read
One question often on the minds of brokers is how do they better digitize their processes and minimize the amount of data they have to enter into various systems. “Our position is that data should be created in a digital format from scratch,” said Marc LeCuyer, general manager, Canada, at ServiceNow, a digital workflow company […]
By Jason Contant | June 19, 2019
Thinking of hosting a hackathon, but tired of watching participants build yet another app for the Apple Store? Here’s a new twist on the standard hackathon: try building an application programming interface (API) to help replace an older system, said Mark O’Neill, VP analyst at research and advisory firm Gartner. “One large organization I worked […]
By Jason Contant | June 18, 2019
Operations
The insurance industry needs to figure out how to leverage technology and ride the waves of change that other industries are seeing. From there, issues like finding talent will become easier, a panel recently told young brokers. Problem is, insurance doesn’t operate like many of the high-tech high flyers in the way business is done. […]
By Adam Malik | June 18, 2019
The number of reported cyber claims has jumped significantly, but it’s not because of the major breaches you’ve been reading in the headlines. Small to mid-sized organizations are at greater risk of cyber losses than large organizations, A.M. Best Company Inc. warned in a report released Monday. “SMEs are actually at greater risk, as they […]
By Greg Meckbach | June 17, 2019
If you place commercial insurance, you probably have clients who are very concerned about the risk of making large investments in information technology projects. “The failure rate of IT projects is quite high and the returns are often not what they were promised to be,” Nick Creatura, chief executive officer of commercial insurer CNA Canada, […]
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