Tech

At least two cool ways that AI can help insurance companies

Machine learning could be used to underwrite faster, reduce fraud and assess vehicle damages more accurately, Lawrence Wong, Munich Re Canada’s director of application development, said Tuesday. Speaking at the 16th annual Insurance-Canada.ca Technology Conference in Toronto, Wong said that artificial intelligence (AI) is here to stay and will augment the way people do the […]

By Jason Contant | February 28, 2018

2 min read

Why this broker says ‘there is no such thing as insurtech’

Although Canada has at least 50 companies that could be described as “insurtech,” the term itself is just a buzzword, speakers suggested Tuesday at the Insurance-canada.ca Technology Conference. “I think the biggest thing of insurtech is the buzzword that is insurtech,” Adam Mitchell, president of Whitby, Ont.-based Mitchell & Whale Insurance Brokers Ltd., said during […]

By Greg Meckbach | February 28, 2018

3 min read

How cyberattacks can sabotage the plants of your industrial clients

Industrial control systems (ICS) at manufacturing plants are perfect targets for cybercriminals because they are not designed with security in mind, Zurich Canada’s head of specialty products, Greg Irvine, said recently. Speaking at NetDiligence’s Cyber Risk Summit in Toronto on Feb. 23, Irvine said that business interruption (BI) and contingent business interruption (CBI) related to […]

By Jason Contant | February 27, 2018

2 min read

What customers will soon expect from insurance carriers

Insurance customers are going to start expecting personalized products and services based on data, Andrew Lo, president and CEO of Kanetix Ltd., said during a webinar Thursday. “Our customers are going to expect smart personalization like, ‘Give me the products that I need today,’” Lo said during the Insurance Institute of Canada’s webinar, Innovation in […]

By Jason Contant | February 26, 2018

2 min read