Tech

Why most of your commercial clients are underinsured by at least 30%

Accurate valuation and occupancy data points remain top challenges for commercial broker submissions, according to Greg McCutcheon, president of Canada’s largest property data provider, Opta Information Intelligence.  In this inflationary environment, keeping up with valuations and ensuring commercial property brokers have the proper data to fill out a valuation tool is critical, he told Canadian […]

By Jason Contant | December 12, 2023

3 min read

Private equity firm acquires digital brokerage

Private equity firm Southampton Financial Inc. has announced its acquisition of Ontario-based digital insurance brokerage aha insurance. Launched in 2017, Waterloo, Ont.-based aha insurance offers consumers the ability to quote, purchase and manage car and home insurance policies entirely online. The brokerage serves customers in Ontario, Alberta and British Columbia, also offering business, trailer, pet […]

By Jason Contant | December 8, 2023

2 min read

How underwriters can expedite the submission process for brokers

Underwriters can use generative AI to help speed up their turnaround times with their broker partners, says an insuretech executive.   Underwriters can use insurtech platforms, or generative AI tools like Chat GPT, to input their submissions, along with a set of rules for prioritization, and have their AI do the sorting, Adam Cherubini, chief […]

By Alyssa DiSabatino | December 4, 2023

2 min read

Why you should use consumer advertising to recruit talent

Canadian P&C insurance industry companies may want to consider leveraging existing consumer advertising tactics, including social media channels like TikTok, and apply them to recruitment efforts. It’s no secret the industry continues to face a ‘war for talent,’ particularly as more Baby Boomers retire. As well, the growing challenge of labour shortages in various industries […]

By Jason Contant | December 4, 2023

3 min read